Toron Inc.
Issues Notice of Material Event and Corporate
Update
New York,
NY
-- April
20, 2020 --
InvestorsHub NewsWire -- Toron
Inc. (OTC
PINK:
TRON),
is
a
Nevada
corporation that has recently
changed its corporate focus to acquire brands that
provide
disruptive technology for mobile device and
for
telecommunications
and fintech services &
solutions, internet,
mobile
analytics & apps and billing service
platforms. The Company
is currently
developing
applications and partnerships with distribution
companies for strategic
growth of owned and
partner brands.
Toron
Inc. gives Notice
of Material Events
taking place within its corporate structure. On December 16,
2019, Mr. Massimo Travagli was issued 2,500,000 shares of Series A
Preferred Shares in exchange of
the execution and
completion of transactions with certain of his
controlled corporate entities which commenced in
July
2019. Each Series A
Preferred
Share that is issued and outstanding has voting rights
equal
to 500
common
shares.
As a
result, the issuance of the aforementioned Series
A Preferred Shares resulted in a
change in control of the Company. Subsequently, on January 9, 2020,
Renato de Campos Gloria Braga resigned his positions as Chief
Financial Officer of the Company, and Mr. Massimo Travagli accepted
the appointment of Chief Financial Officer.
The
Company has filed an application with FINRA to change the name of
the Company, complete a 200 to 1
reverse
split (for every 200
common
shares
that are issued, the shareholder will receive one new
common
share),
and to obtain a
new
symbol for the
Company. The Company
has decided to change its name to more accurately reflect the
business it is currently engaged in, and to effect a split
of the issued and outstanding shares to eliminate dilutive
shares issued in prior periods where adequate consideration has
been difficult to ascertain and to provide
legitimate shareholders
and
investors share ownership commensurate with the value of their
investments and/or assets being acquired.
None of
the previous management or current
5% (or
more) owners of Common Shares of the Company, other than
our
CFO, Mr. Travagli,
are in a
position to influence or control the actions of the
Company. Current
management is moving
forward with its
plans to
complete the above-referenced corporate actions and acquire
additional operating
business targets.
The FINRA
application has not yet been processed; the application
is under
review with FINRA and we
hope to
hear soon the status of the
application.
Aside
from the recently completed acquisition agreements relative to our
first project acquisition from Mr. Travagli, we are
currently
in discussions with an identified
corporate entity to engage in a
multistage acquisition.
Further, management
expects
to engage
in discussions with more target
companies
in the upcoming weeks and
months to
acquire complementary
business operations that will fit
seamlessly into the business model currently being
followed by our new management, and expand the Company's footprint
globally.
Attached to this
Notice of Material Events is a press release which has also been
published as of today's date with respect to the aforementioned
events.
FINANCIAL STATEMENTS
The
Company's Annual Information
and Disclosure
Statement
including Unaudited Management Prepared
Financial Statements are due on
April 30, 2020; the Company will be filing these on or before
that date.
REVERSE SPLIT
Toron
Inc. announced that on January 17,
2020, its Board of
Directors, along with the
written consent of its majority shareholder, approved a reverse
stock split of the Company's issued and outstanding common shares
at a ratio of 200 to 1; i.e. for every 200
shares of issued and outstanding common stock, the shareholder
shall receive 1 new share of common
stock.
The
reverse share split will uniformly affect all issued and
outstanding TRON common shares. No fractional shares will be issued
in connection with the reverse share split and the Company will
round up any fractional shares resulting from the reverse split.
The par value of TRON common shares will remain unchanged at $0.001
per share following the reverse share split. The number of
authorized, and issued and outstanding shares of preferred
stock will not be affected by the reverse split.
NAME CHANGE
Toron
Inc. concurrently changed
its name to All Things Mobile Analytic,
Inc. ( A.T.M.A )
in order
to more
accurately reflect
its
branding,
and
future
business
plans. Although the
Company has filed the change of name with the State of Nevada, and
the State has returned a
filed, State stamped document
to the Company. Toron is waiting for FINRA to process its
application before using the new name.
COVID-19 Pandemic: The recent COVID-19
pandemic could have an adverse impact on the Company going
forward. COVID-19 has
caused significant disruptions to the global financial markets,
which severely impacts the Company's
ability
to raise additional capital and to pursue certain contracts.
The
Company may be required to
substantially reduce operations or cease operations if
it
is unable to finance our
operations. The full impact of the COVID-19 outbreak continues to
evolve as of the date of this report, and
is highly
uncertain and subject to change. Management is actively monitoring
the situation but given the daily evolution of the COVID-19
outbreak, the Company is not able to estimate the effects of the
COVID-19 outbreak on its operations or financial condition in the
next 12 months.
Forward-Looking-Statements
Matters
discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995
provides safe harbor protections for forward-looking statements in
order to encourage companies to provide prospective information
about their business. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which
are other than statements of historical facts. These statements are
not guaranties of future performance, and actual results may differ
materially from those forecasted.
The
Company desires to take advantage of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe
harbor legislation. The words "believe," "anticipate," "intends,"
"estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending," and similar expressions identify
forward-looking statements. The forward-looking statements in this
press release are based upon various assumptions, many of which are
based, in turn, upon further assumptions. Although we believe that
these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs, or
projections.
Company
Telephone: (888) 350-4660 Ext. 8
Company
only Website: https://tronusa.us
Company
Email: inquiries@tronusa.us
SOURCE
OF TORON
INC. (OTC
PINK:
TRON):
Massimo
Meneghello,
President