The Company now owns 70% of the stock of Holdings Enterprises Durables, Sprl. (“HED”) described in the April 24, 2018 Amendment to the Offering Circular. More specifically, this ownership interest in HED by the Company is the result of a stock for stock transaction with People Helping Each Other, Inc. (“PHEO”). Originally intended to be a joint venture partner of the Company, as stated in the Offering Circular, this new ownership could increase share-holder value and concurrently benefit PHEO.
The assets of HED includes Padouk and Sapele hardwood timber species for harvesting within its 475,000 Hectares of high market value timber (according to the April 15, 2018 International Tropical Timber Organization report). Additionally, the new direct ownership in HED will add more than 2,500,000 Hectares of timber for conservation to SIH’s assets. These assets will be valued after the offering closes and will be reflected on the Company’s balance sheet at that time. This disclosure is made to inform the reader of the results of recently concluded negotiations with PHEO, subsequent to the qualification of the Company’s Offering Circular.
There are excellent opportunities for the company to provide a bridge to companies that aren’t able to get bank loans, but have revenue that can be maintained and increased. Due to the importance of the church in many of these communities, the faith community will also be sought as collaborators for this initiative, which will include: maintaining and expanding businesses that have reached their sunset without a succession plan, providing important services for the community, and developing businesses that build both self-esteem and entrepreneurial know-how, while concurrently creating socially responsible profits for the company.