AV1 Group Submits 1.6 Billion Shares for Retirement
November 03 2014 - 9:15AM
Access Wire
As Company Tier is Restored to
Current on OTCMarkets.com, Management Moves to Tighten Stock
Structure
LaJolla, CA / ACCESSWIRE / November 3, 2014
/ AV1 Group, Inc. (OTC Pink: AVOP), is pleased to announce
that the Company has authorized the cancellation of 1,663,000,000
Billion shares from the control block of 7,859,375,858 shares of
restricted stock in an effort to fortify investor confidence and
strengthen shareholder value.
Additionally, the Company has initiated the process to retire a
further 929,060,000 shares which would ultimately bring the total
shares cancelled to 2,592,060,000 Billion.
"We believe that this decision to retire stock was of vital
importance to the Company and its share valuation. Our goal is to
continue the methodical development of our Company, protect the
integrity of the stock structure, and build shareholder
value. We are securing the remaining 5.2 Billion shares in a
trust account that will be utilized exclusively for acquisitions
and ventures that will serve to further bolster our corporate
development and revenue potential." stated Bryen Beglinger, Chief
Executive Officer of AV1 Group, Inc.
Following the retirement of the 2,592,060,000 Billion shares
noted, the 5,267,315,858 Billion remaining will be deposited into
a trust fund overseen by legal counsel to be used for officers and
directors, acquisitions, funding as approved by the Board of
Directors, and will continue to be restricted for a minimum of 12
months.
Mr. Beglinger concluded: "The growth potential in this industry
at this stage is monumental; we intend to do everything within our
control to strengthen our foundation and position the Company to be
a major contender as the opportunities arise. We want to express
sincere appreciation to our investors for their patience as we have
encountered and overcome delays in our efforts to get all the
dynamics firmly positioned for advancement."
AV1 Group is actively continuing to develop the ventures
recently announced, and intends to keep shareholders fully informed
as projects unfold.
About AV1 Group, Inc.: AV1 Group, Inc. is a
publicly traded investment and holding company established to
identify, secure, and monetize emerging growth companies in a
number of sectors that include cannabis related 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 exponential 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.
For Investor Relations
Please Call: 844-763-5848 or email us at info@AV1Group.com
SOURCE: AV1 Group, Inc.
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