Tarsin Mobile Inc Announces Acquisition of Marmol Hawaii Inc
Tarsin Mobile’s acquisition of Marmol Hawaii represents the first in a series of strategic acquisitions across the hospitality industry supply chain.
WESTLAKE VILLAGE, California, USA, Oct. 18, 2022 /EINPresswire.com/ — Joe Cellura, CEO of Tarsin Mobile Inc. (“Tarsin”), is pleased to announce the acquisition of Marmol Hawaii Inc. (“Marmol ), a leading supplier of semi-precious stones used in the creation of world-famous monuments and works of art.
The acquisition of Marmol represents a first in the series of strategic acquisitions across the hospitality industry supply chain that Tarsin is embracing. David Cadis, CEO of Marmol, said, “I am delighted to have Marmol join Tarsin and be the first step in a strategy to provide integral parts of the supply chain ecosystem to the hospitality industry. Marmol generated approximately $4 million in revenue in 2021 and was cash flow positive and profitable, and is audited for two years. The company is expected to experience significant growth in the short term with the recent announcement of two new unique exclusive product lines.
Joe Cellura, CEO of Tarsin, said, “The combination of Tarsin and Marmol will deliver a unique customer experience in hospitality, retail and themed entertainment. Tarsin will continue to seek out other accretive acquisitions that support our efforts to deliver innovative experiences and technologies to the hospitality industry.
Upon filing its Form S1 and necessary FINRA filings, Tarsin’s management will change the company’s name to ep5 Inc. (Tarsin’s ticker symbol will remain unchanged on the OTC for the time being). Since 2019, Tarsin’s management has been settling outstanding debts related to its former mobile betting business. The company currently has convertible notes that convert at the company’s option, which would represent 15 million common shares if all were converted.
About Marmol Hawaii Inc. http://marmolhawaii.com
Marmol is known for its semi-precious stones (granite, marble, limestone, basalt, slate, onyx, sandstone, soapstone, travertine and porcelain) which are preferred by famous designers to create precious monuments and works of art. Renowned architects and contractors have also taken advantage of the rare beauty of the Corporation’s inventory to add elegance and prestige to their buildings. In fact, many publications around the world have declared that Marmol natural stones could be “the most beautiful stone products in the world”.
Granite, marble, limestone, basalt, slate, onyx, sandstone, soapstone, travertine, porcelain and other semi-precious stones make up the natural stone industry. The natural stone industry is a US$60 billion per year global market with thousands of quarries supplying stone and thousands of commercial manufacturers serving the end user. The market is growing at a rate of approximately 20% per year.
Since 2007, the Company has experienced steady growth. It is now a regular exhibitor at major stone shows in Hawaii where its products are in easy and regular demand. Revenue has increased every year between 2010 and 2022. This is the result of the company forming strategic alliances with Home Depot, Disney, local industry contractors and distributors located in Hawaii and Guam . Home Depot sales represent only about 10% of annual sales.
The basic business model is to control the stone at its source and market through company-owned wholesale/retail showrooms. The company was the first to develop a well-known brand in the stone industry in Hawaii. With its investment and experience in technology, the company has been an industry leader in the Hawaiian Islands for 25 years and is poised for aggressive growth.
About ep5. https://www.ep5.com
ep5 f/k/a Episode5 Inc., an early stage development company and a wholly owned subsidiary of Tarsin was a real estate development company and had been engaged in a variety of early stage development real estate projects.
About Tarsin http://tarsinmobile.com
Tarsin Mobile Inc http://tarsinmobile.com with a unique sophisticated suite of comprehensive and proven mobile solutions that are essential to nature of secure mobile transactions including Identity Confirmation, Geo Fencing, Geo Verification, Geo Location Geo Pay and Geo Secure by state or region, a suite of consumer billing options, including point-of-sale “POS”, and a high level of personal and business security, including front-end device authentication. every m-commerce transaction. Professional support services, design services, and project management services enable full systems integration with back-end infrastructure, web front-ends, and brick-and-mortar operations. The platform supports the integration and execution of marketing programs, ensuring high levels of distribution for operators and ease of adoption for consumers.
This press release may contain certain forward-looking statements within the meaning of Sections 27A and 21E of the Securities and Exchanges Amended Acts of 1933-34, which are intended to be covered by the safe harbors thus created. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that such statements included in this press release will prove to be accurate.
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SOURCE Tarsin Mobile Inc. http://tarsinmobile.com https://www.ep5.com
Tarsin Mobile Inc