AyreTrade Inc. (SUMM) CEO Address and Corporate Update with regards to
(Mergers, Joint Venture and CEO Vision of the Company)
Dover, Delaware - AyreTrade Inc. (SUMM PK) http://www.ayretrade.com is pleased to provide this corporate update to its shareholders regarding new and exciting developments, plans and future events that is currently under way for SUMM.The Company is of the opinion that this is a positive material event affecting the Company and warrants a public announcement.
Tim Ayre SUMM CEO said “ Last year when we did the merger, with AyreTrade Financial Inc., (the brokerage arm) the big picture for SUMM has always been to add "business utilized services” (BUS) under our umbrella. The BUS concept, in our opinion will create a full service one stop shop financial conglomerate.” As a Company we are seeking to develop a robust engine, with something to insure our shareholders with sustainability for maximum growth, return, and share price valuation. Our plans to achieve these goals are two fold.
1. Merging with or acquiring an already established profitable marketing company. (We have already identified several possible candidates.)
2. In concert with the aforementioned merger we are exploring the possibility of doing either a joint venture with several commodity and futures types of companies; or possibly another merger with these trading companies.
To be clear, these are 2 separate mergers with 2 separate non related entities. The entire transformation of SUMM could take approximately 60 to 120 days. SUMM new "business services expansion plan" will definitely have a positive affect on the Company’s future development and revenues.
We are also revitalizing our website which we will launch shortly.
Further details about the business development will follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of AyreTrade Inc. (SUMM PK) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. AyreTrade Inc. (SUMM PK) cautions you that any forward-looking information provided by or on behalf of AyreTrade Inc. (SUMM PK) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. AyreTrade Inc. (SUMM PK)'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond AyreTrade Inc. (SUMM PK)'s control. In addition to those discussed in AyreTrade Inc. (SUMM PK)'s press releases, public filings, and statements by AyreTrade Inc. (SUMM PK)'s management, including, but not limited to, AyreTrade Inc. (SUMM PK)'s estimate of the sufficiency of its existing capital resources, AyreTrade Inc.(SUMM PK)'s ability to raise additional capital to fund future operations, AyreTrade Inc. (SUMM PK)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match AyreTrade Inc. ( SUMM PK )'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. AyreTrade Inc. ( SUMM PK ) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contact:
investors@ayretrade.com