Success Entertainment Group International Inc. (OTCPK:SEGN) signed a letter of intent to acquire PPE Solutions Group, LLC for $2 million on August 3, 2020. The LOI provides for Success Entertainment to exchange SEGN common stock for 100% of the Equity Interests of PPE for an aggregate purchase price of $2 million calculated by issuing an equivalent amount of SEGN shares based on the stock's closing price on the date of the acquisition. The purchase price is subject to an adjustment based on Success Entertainment's due diligence review, any third party valuation reports of PPE that SEGN may obtain, and any adjustment terms set forth in the Definitive Agreement with the intent to operate PPE as a wholly-owned subsidiary. Kyle Barnette and John Park, the Co-Founders of PPE Solutions Group, LLC, have both been nominated to the Board of Directors of Success Entertainment.