In the wake of the string of tragedies that have been publicized over the past few years, communities locally and nationally are faced with backlash of unresolved political and socioeconomic tensions. Many community leaders and stakeholders have begun working cohesively to create strategic and comprehensive solutions to address the root of the issues that have arisen that could subsequently heal our communities at the core.
Social Investment Holdings is excited to team with People Helping Each Other, Inc., (PHEO) www.pheoglobal.com, a 501(c)(3) focused on community economic development. Although the Company and PHEO had previously executed a joint venture agreement, it was mutually agreed that both parties could benefit from a Share Exchange Agreement. PHEO has agreed to accept 500,000 shares of stock in the Company in exchange for the Company receiving People Helping Each Other’s majority stock ownership in Holdings Enterprises Durables, Sprl. (“HED”), domiciled in the Democratic Republic of the Congo. HED holds the timber concession rights that are described in the Company’s Offering Circular (for complete details see “Share Exchange Agreement” page 33 of the Offering Circular).
Social Investment Holdings is excited to team with PHEO and the community business leaders to use these strategies to positively impact communities both here in America and sub-Saharan Africa.