NoHo, Inc. Takes a Major Step Forward with Alvarado Gold Mine Acquisition in Arizona

NoHo, Inc. Expands Its Horizons with Alvarado Gold Mine Acquisition

In a significant announcement, NoHo, Inc. (OTC: DRNK) has confirmed its commitment to growth by signing a binding purchase agreement to obtain a controlling interest in the Alvarado Gold Mine located in Arizona. This acquisition, involving a 51% stake in the mine, is poised to be a transformative step for the company.

The Alvarado Gold Mine encompasses seven unpatented mining claims alongside twelve patented claims. This venture opens the door for immediate gold leaching operations, leveraging previously extracted ore that has yet to undergo processing. The company is gearing up to initiate these operations within the next two to three weeks, aiming to start generating revenue as early as September, thereby rapidly recouping its investment.

Anthony Anish, CEO of NoHo, expressed enthusiasm about this acquisition, stating, “This acquisition marks the first step in executing NoHo’s broader growth strategy.” He emphasized the company’s dedication to informing shareholders about significant developments, hinting at further strategic transactions on the horizon.

About NoHo, Inc.

NoHo, Inc. is transforming into a diversified global holding company with interests extending beyond mining operations to include various innovative technologies. Alongside its mining ventures in California and Arizona, the company holds minority shares in artificial intelligence firms and has developed environmentally friendly products. These include Smog Armor, a paint that reduces indoor pollution, concrete blocks that capture carbon dioxide, and Cool Crete, a concrete additive designed to mitigate urban heat issues.

NoHo is committed to environmentally responsible practices and aims to minimize the ecological impacts of its activities. The acquisition of the Alvarado Gold Mine aligns with this mission, as the company looks to balance economic objectives with sustainable practices in mining and beyond.

In addition to its immediate focus on mining, NoHo is also planning to expand its footprint in the financial technology sector. The company is seeking to invest in profitable ventures that utilize proprietary software, aiming for sustained long-term growth in these emerging fields. This robust growth plan indicates NoHo’s intention to diversify its portfolio while maintaining its commitment to environmentally conscious solutions.

Forward-Looking Statements

This press release includes several forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Such statements, which may relate to anticipated operational initiatives and environmental practices, are rooted in the company's current expectations and inherently face various risks and uncertainties. Consequently, actual results may diverge significantly from those projected.

Investors are advised to consider the possible risks detailed in NoHo’s filings with the Securities and Exchange Commission, especially those concerning regulatory approval processes and market conditions.

With the acquisition of the Alvarado Gold Mine, NoHo, Inc. is making strides towards bolstering its growth strategy while emphasizing sustainable practices – a journey that aims to set the company apart in a competitive industry landscape.