LA JOLLA, CA–(Marketwired – Jun 9, 2016) – AV1 Group, Inc. (OTC PINK: AVOP), a publicly traded investment and holding company, is pleased to announce that the Company has retained the legal services of Securities Compliance Group, Ltd. to assist the Company in preparing and filing a Form 10 Registration Statement with the Securities and Exchange Commission. The registration becomes automatically effective sixty days after the filing. Once effective, the Company will become subject to the reporting requirements of the Securities Exchange Act of 1934.
“The Form 10 Registration Statement plan is a significant move forward, as we look to provide the market and our shareholders with the complete transparency that comes with being a fully-reporting company,” stated Bryen Beglinger, Chief Executive Officer of AV1 Group, Inc.
He concluded: “In light of our commitment to transparency, we believe that it is in the best interest of our shareholders to move up to the more notable OTCQB, where our Company will have greater visibility before a larger group of investors. We are excited to be moving in this direction, and believe that our shareholders will benefit greatly from these efforts. This will serve as an initial step in our long-term goal of meeting the listing requirement for NASDAQ Capital Market (Small Cap).”
The Company recently announced, in an effort to invest in long term growth, a special stock distribution has been approved to award shareholders of record as of June 30th 2016. All shareholders of record on that date will receive 2 additional shares of common stock for every 10 shares held. The new shares will be distributed in certificate form only and bear a restrictive legend under Rule 144 of the Securities Act of 1933. The Company plans to execute the special stock distribution as soon as practical after the record date with a target of July 15, 2016.
AV1 Group, Inc. is a holding company that acts exclusively as an incubator, providing ancillary online services to the various segments of the cannabis marketplace. The Company is not in the cultivation, harvesting, or distribution sect of the marijuana industry.
About AV1 Group, Inc.: AV1 Group, Inc. is a publicly traded investment and holding company established to identify, secure, and monetize emerging growth companies, technologies and ecommerce businesses positioned for exponential growth. The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in markets that the Company believes to have considerable growth potential. AV1 Group, Inc.’s comprehensive business model also includes a division which delivers internally created projects that are poised for revenue generation, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, thus providing a significant resource of experience, knowledge and expertise to every venture. AV1 Group, Inc. explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in their chosen markets.
For more information, visit: http://www.av1group.com/
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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AV1 Group, Inc.
Administrator June 9th, 2016
Posted In: In The News
Tags: Press Release