SkyFidelity, Inc. entered in an agreement to acquire Saddle Ranch Media, Inc. (OTCPK:SRMX) from Philip M. Cohen and other shareholders in a reverse merger transaction on February 28, 2017. Under the terms of the deal, Saddle Ranch Media will exchange 400 million of its common shares for 100 million common shares of SkyFidelity. In a related transaction, Saddle Ranch entered into an agreement to spin out African American Medical Network. Saddle Ranch Media will seek approval to change the name and the trading symbol. Phil Cohen resigned as Chairman, Chief Executive Officer and Director of Saddle Ranch Media and Timothy P. Peabody was appointed Chairman, President, Chief Executive Officer and Director in his place. Alan Bailey will continue as Chief Financial Officer, Secretary and Director and will provide continuity during this transition process, as well as in the future. The deal is expected to close on or before March 15, 2017. As of April 21, 2017, the transaction is expected to be completed shortly. SkyFidelity, Inc. completed the acquisition of Saddle Ranch Media, Inc. (OTCPK:SRMX) from Philip M. Cohen and other shareholders in a reverse merger transaction on May 10, 2017. Operating name and symbol of Saddle Ranch Media, Inc. will change to SkyFidelity, Inc. with corresponding ticker symbol, "SKYX". All of the documentation necessary for filing and registration of the new operating name and symbol will occur by June 27, 2017.