Sentra Consulting Corp. (OTCBB: SCNU) announced the acquisition of 100% of membership interests from Karat Platinum LLC, a New York limited liability company that manufactures and sells platinum alloy and platinum jewelry. In order to secure Karat Platinum from its members, Sentra supplied an aggregate of 30 million shares of common stock, or 90.4% of the supplied and outstanding share capital. The conclusion to this announcement means that Karat Platinum has now become a wholly-owned subsidiary of Sentra. On Wednesday, Sentra Consulting Corp. (OTCBB: SCNU) was up 106.90%.
David Neuberg, one of the founders of Karat Platinum and the newly appointed CEO and a Director of Sentra, commented, “Our relationship with Sentra gives us the opportunity to realize the full potential of our revolutionary new platinum alloy. As a subsidiary of a public company, we enhance our credibility and leverage when dealing with both suppliers and customers.”
The new alloy, which is properly named 14 Karat Platinum®, holds certain properties that make it superior to the 95% platinum used in the jewelry industry today, which include lower cost, improved castability, and greater durability.
“This new platinum alloy is considered to be one of the most significant innovations in the jewelry industry in the past one hundred years,” stated Phillip Septimus, Chairman of Sentra Consulting. “We believe that marketplace acceptance of 14 Karat Platinum® will follow the same path as the popularity of 14 Karat gold which now dominates the jewelry market.”
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