IPOWorld
(the "Company") (OTCPink:IPOW),
a developer of integrated solutions for the cannabis industry, announced
today that it has applied to upgrade its securities to OTCQB®, the
venture marketplace for U.S. and global companies operated by OTC
Markets Group. Currently, IPOWorld’s
stock is traded under the ticker IPOW
on OTCPink®, the open marketplace also operated by OTC Markets Group.
Securities traded on OTCQB benefit from greater exposure to the
investment community and real-time price transparency for investors.
"Pursuant to recent and unanimous approval by the Board of Directors,
I'm pleased to announce that we have filed the required documentation to
upgrade our stock to OTCQB," stated Edward
Heckerson, IPOW Chief Executive Officer and Chairman of the Board.
"Moving IPOW to a premier marketplace is a natural evolution in our
strategy of improving the visibility of our stock to institutional and
retail investors and is another step toward our objective to move the
Company closer to a listing on a major exchange."
In making the announcement, Mr. Heckerson cautioned that the Company's
application is currently under review and that the upgrade could be
subject to delays, revisions or non-acceptance by officials at OTC
Markets Group.
The OTCQB® Venture Marketplace is for entrepreneurial and development
stage U.S. and International companies. To be eligible, companies must
be current in their reporting and undergo an annual verification and
management certification process. These standards provide a strong
baseline of transparency, as well as the technology and regulation to
improve the information and trading experience for investors.
"Our drive to upgrade to OTCQB further demonstrates our commitment to
higher disclosure standards to our shareholders, potential investors and
the customers we serve," stated Mr. Heckerson. "Bringing greater
transparency of our operations and improved visibility of our stock to
the investment community is a critical component of fulfilling our
mission of providing smart solutions to the cannabis industry."
About IPOWorld
IPOWorld is an emerging growth company focused on creating a portfolio
of assets that service the cannabis industry. We provide branding,
colocation and security services to licensed cannabis production and
processing clients.
For further information about IPOWorld, visit www.ipoworld.com,
read our SEC filings at http://ipoworld.com/investors.php
and subscribe to our Company Alerts at http://ipoworld.com/contact.php
to receive company news and shareholder updates.
Safe Harbor Statement:
Some of the statements in this release may constitute forward-looking
statements under federal securities laws. Included in this release are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Although the company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations reflected in
such forward-looking statements will prove to have been correct. The
company's actual results could differ materially from those anticipated
in the forward-looking statements.
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