Xcelerate Files Supplemental Information For Removal of Shell Status
January 25 2022 - 8:30AM
InvestorsHub NewsWire
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Xcelerate, Inc. Files to Remove Shell
Designation
Mauldin, SC -- January 25, 2022 -- InvestorsHub
NewsWire -- Xcelerate,
Inc. (OTC pink
sheets: XCRT)
today announced that it has filed a Supplemental Report with OTC
Markets to remove the “shell’ status symbol from the OTC Markets
webpage.
“As a result of the
Company’s recent Form 1-A filing with the SEC we believe that
Xcelerate is no longer classified as a shell company under SEC
rules” said Michael O’Shea, Xcelerate’s CEO. “Accordingly, we have
filed a Supplemental Report with OTC Markets requesting that this
designation be removed. The removal of this designation will take
us one step closer to our previously announced plan to complete an
uplisting to the OTCQB, with the ultimate goal of uplisting to a
national exchange” O’Shea said.
For more information
please visit www.xcelerate.global
SAFE
HARBOR
This press release may
contain forward-looking information within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), including all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(ii) trends affecting the Company's financial condition or results
of operations; (iii) the Company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, many of
which are beyond the Company's ability to control, and actual
results may differ materially from those projected in
forward-looking statements resulting
from various
factors.
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