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turboglobalpartners.com

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Investments

2

Partners & Customers

2

About Turbo Global Partners

Dibz International (OTC: DIBZ), dba Turbo Global Partners, is a diversified holding company. Turbo's businesses span Sports and Gaming, Non-Profits, Financial, Media and Licensing Services, International and Health & Beauty, and Automotive.

Turbo Global Partners Headquarter Location

123 W. Nye Lane Suite 129

Carson City, Nevada, 89706,

United States

813-786-5400

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Expert Collections containing Turbo Global Partners

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Find Turbo Global Partners in 1 Expert Collection, including Cannabis.

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Cannabis

3,619 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

Latest Turbo Global Partners News

SEC Charges Companies and CEO for Misleading COVID-19 Claims

May 14, 2020

0 Message : *Required fields Washington, D.C.--(Newsfile Corp. - May 14, 2020) - The Securities and Exchange Commission today announced charges in two cases involving companies that claimed in press releases to offer products to combat the COVID-19 virus – one against Applied BioSciences Corp. and one against Turbo Global Partners, Inc. and its CEO, Robert W. Singerman. The SEC previously suspended trading temporarily in the securities of Applied BioSciences and Turbo Global . According to the SEC’s complaint against Applied BioSciences, filed in federal court in the Southern District of New York, the company issued a press release on March 31 stating that it had begun offering and shipping supposed finger-prick COVID-19 tests to the general public that could be used for “Homes, Schools, Hospitals, Law Enforcement, Military, Public Servants or anyone wanting immediate and private results.”  The complaint alleges that contrary to these claims, the tests were not intended for home use by the general public and could be administered only in consultation with a medical professional. The complaint further alleges that Applied BioSciences had not shipped any COVID-19 tests as of March 31, and its press release failed to disclose that the tests were not authorized by the U.S. Food and Drug Administration. The SEC’s complaint against Turbo Global and Singerman, filed in federal court in the Middle District of Florida, alleges that the company issued false and misleading press releases on March 30 and April 3 regarding a purported “multi-national public-private-partnership” to sell thermal scanning equipment to detect individuals with fevers. According to the complaint, the company claimed in its press releases that this technology could be instrumental in “breaking the chain of virus transmission through early identification of elevated fever, one of the key early signs of COVID-19.”  As alleged, the press releases also included statements, attributed to the CEO of Turbo Global’s supposed corporate partner in the partnership, that the technology “is 99.99% accurate” and was “designed to be deployed IMMEDIATELY in each State.”  In fact, the complaint alleges, Turbo Global had no agreement to sell the product, there was no partnership involving any government entities, and the CEO of Turbo Global’s supposed corporate partner did not make or authorize the statements attributed to him. According to the complaint, Singerman drafted the releases, which he knew to be false. The SEC charged Singerman with fraud in 1999 based on his fraudulent sale of securities through a network of boiler rooms, and obtained a permanent injunction against him. “We are actively monitoring the markets to detect potential fraudsters who seek to use the COVID-19 crisis as a basis for investment scams,” said Stephanie Avakian, Co-Director of the SEC’s Division of Enforcement. “As alleged in these complaints, Applied BioSciences and Turbo Global sought to take advantage of the COVID-19 crisis by misleading investors about their ability to provide solutions.” <_o3a_p> “These fraud actions demonstrate the SEC’s vigilance over public companies that make materially misleading claims in press releases,” said Steven Peikin, Co-Director of the SEC's Division of Enforcement. “We will continue to act swiftly when necessary to protect investors.”  The SEC’s complaint against Applied BioSciences charges the company with violating antifraud provisions of the federal securities laws and seeks permanent injunctive relief and civil penalties. The SEC’s complaint against Turbo Global and Singerman charges them with violating antifraud provisions of the federal securities laws and seeks permanent injunctive relief and civil penalties, and an officer and director bar against Singerman. The investigation of Applied BioSciences has been conducted by Kristine Zaleskas, Dugan Bliss, and Thomas P. Smith, Jr., and supervised by Lara S. Mehraban, all of the New York Regional Office. The investigation of Turbo Global and Singerman has been conducted by Robert F. Schroeder, William P. Hicks, and M. Graham Loomis, and supervised by Justin Jeffries, all of the Atlanta Regional Office. The SEC appreciates the assistance of the Financial Industry Regulatory Authority. The SEC’s Office of Investor Education and Advocacy previously issued an investor alert cautioning investors to be aware of COVID-19 scams. © Newsfilecorp 2020

Turbo Global Partners Investments

2 Investments

Turbo Global Partners has made 2 investments. Their latest investment was in 3R Distribution as part of their Corporate Minority on March 3, 2017.

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Turbo Global Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/28/2017

Corporate Minority

3R Distribution

Yes

1

3/28/2017

Corporate Minority

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$99M

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10

Date

3/28/2017

3/28/2017

Round

Corporate Minority

Corporate Minority

Company

3R Distribution

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Turbo Global Partners Acquisitions

6 Acquisitions

Turbo Global Partners acquired 6 companies. Their latest acquisition was GP Brands on April 25, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/25/2017

Acquired

1

4/18/2017

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$99M

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10

4/18/2017

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$99M

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10

4/11/2017

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$99M

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10

3/30/2017

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$99M

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10

Date

4/25/2017

4/18/2017

4/18/2017

4/11/2017

3/30/2017

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Turbo Global Partners Partners & Customers

2 Partners and customers

Turbo Global Partners has 2 strategic partners and customers. Turbo Global Partners recently partnered with DEX Imaging on November 11, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

11/28/2017

Partner

DEX Imaging

United States

Turbo Global Partners Announces Signing Memorandum of Agreement with DEX Imaging, Inc.

: Turbo Global Partners -RRB- , has announced signing a Sole-source Memorandum of Agreement with DEX Imaging , Inc. .

1

2/3/2017

Partner

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10

Date

11/28/2017

2/3/2017

Type

Partner

Partner

Business Partner

DEX Imaging

Country

United States

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News Snippet

Turbo Global Partners Announces Signing Memorandum of Agreement with DEX Imaging, Inc.

: Turbo Global Partners -RRB- , has announced signing a Sole-source Memorandum of Agreement with DEX Imaging , Inc. .

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Sources

1

10

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