This acquisition expands Investview's business from a predominantly U.S. market into international countries such as Germany, Austria, Mexico and throughout other parts of Europe including the U.K.
The acquisition is effective as of March 31. Financial terms were not disclosed.
"The business combination between Investview and Wealth Generators is a significant and timely transaction that will permit Investview to meet immediate and long term cash flow needs while establishing new and meaningful revenue streams," Dr. Joseph Louro, CEO of Investview, said in a statement.
"It is time for a new chapter, made possible through relentless and difficult efforts to find the right firm for our merger. During the past six months, we have continued to meet all the statutory requirements, audits and reporting corporate governance matters while retiring debt and safe guarding corporate assets.
"With that, this great opportunity to increase shareholder value was born. The Wealth Generators business model is a new version of our legacy business utilizing innovative technology and marketing techniques, and is the right fit for our company. We anticipate this revenue will be exponentially greater than we have previously experienced as a firm. This revenue, combined with our streamlined operations will result in significant corporate growth and value for our shareholders."
Ryan Smith, CEO of Wealth Generators, said, "Our founding principle is one that enables individuals around the world to gain access to the education, information and tools needed to manage their financial health and begin to establish their own journey toward wealth creation." Smith continued, "We have received enormous acceptance of our program both domestically and internationally which Dr. Louro viewed as a significant asset for Investview shareholders."
"Our decision to become a public entity at this early stage will enable our firm to access capital markets which foster growth and will impact our distributors and individuals worldwide in a positive way. Ultimately it will enable new revenue as we expand into new markets," Smith said in a statement.