Newron Sport (PK) (USOTC:NSPT)
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From Jul 2015 to Jul 2020
Newron Sport (PINKSHEETS: NSPT) has been working very diligently on unveiling its new products, fulfilling existing orders and pursuing new orders. As it continues to grow, Newron has maintained focus on ensuring a high level of customer and client service and providing individuals who enjoy inline skating a new sense of pleasure with the Axion and the Touron.
The company, moving forward, has engaged the services of a private consulting firm to assist in advising Newron Sport NA in order to maximize shareholder value. The company is attempting to increase shareholder value without doing any reverse split. Newron has engaged discussions with some of the large debt holders and is attempting to "lock up" some of those free trading shares. If this can be accomplished then those shares may be retired and the outstanding shares will be diminished significantly.
The consulting firm has also suggested various financing options that can be used to initiate a potential share "buy back" in the open market. Newron Sport NA will also be in talks with the patent holder to discuss how Newron Sport NA can get an increased equity stake of the technology for its shareholders.
"We are working on better positioning the company and our shareholders for the future. Newron is continuing to improve on its already great technology and we are confident that we will soon be recognized as a category leader in the market of inline skating. We need to make sure we have a healthy company on both the corporate and public side," stated Mr. Robert Ritondo, President of Newron Sport.
About Newron Sport
Newron's patented tandem device is a unique product that focuses on both recreational use and enhancing sports performance by allowing the enjoyment of inline skating on hard and rough surfaces without the vibrations and loss of balance because of surface imperfections as the Newron skate system absorbs these imperfections and provides the inline skate user the feel of a smooth glide, stride and maneuverability of an ice skate, all while offering the user a safer and more efficient braking system than the conventional inline skates.
The Newron inline skates are intended both to help prevent injury and to improve athletic performance via their confidence enhancing attributes among inline skate sports participants. The Newron inline skate seeks to foster the enjoyment of sports by people of all ages.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Phone Number: (973) 351-3868