Momentous Entertainment Group, Inc. (OTCPK:MMEG) entered into a letter of intent to acquire poolworks (Germany) Ltd from Vert Capital Corporation for $10 million on November 25, 2016. The consideration will be paid in 10,000 shares of Convertible Series C Preferred Stock. As of February 7, 2017, Momentous Entertainment Group, Inc. share exchange agreement to acquire poolworks (Germany) Ltd from Vert Capital Corporation. The deal is subject to the approval of shareholders of MMEG. The transaction is expected to close by December 15, 2016. As on December 15, 2016, the transaction is expected to close by January 2, 2017. Transaction closing delayed to on or before February 28, 2017. The transaction is expected to close by February 7, 2017. CKR Law, LLP acted as legal advisor to poolworks (Germany) Ltd and Vert Capital Corporation. Momentous Entertainment Group, Inc. (OTCPK:MMEG) completed the acquisition of poolworks (Germany) Ltd from Vert Capital Corporation on February 7, 2017.