TORON Inc. Announces Corporate
Name Change, Symbol Change, And
Reverse Stock Split
Significant
Corporate Changes
Underway For Next Phase
NEW YORK,
N.Y. -- August
5th, 2020
--
InvestorsHub NewsWire -- Toron
Inc.
(OTC
PINK:
TRON)
("Toron"
or the "Company"), today announced that it has completed several
significant corporate milestones.
Toron
is
focused
on
providing disruptive technology for micro payments and mobile
device online gaming, telecommunications and fintech
services creating
hi tech
solutions, developing applications and forming
distribution partnerships
for strategic growth of owned and partner
brands with distribution in
the market globally.
The
Company announced today that FINRA has finished processing the
Company's application to move forward with certain corporate
actions, and confirmed a
corporate name change to All Things Mobile Analytic,
Inc. The Company
changed its name in the State of Nevada, with a Certificate of
Amendment filed on January 12, 2020. The Company will
commence using its new name immediately.
Further,
the Company announced a change in its trading
symbol.
The new
trading symbol will become OTC
PINK: ATMH
which the
company feels more appropriately reflects the activities of the
business – 'All Things Mobile
Analytic Inc.
™'. For
the next 20 business days (starting
August 6,
2020), the trading symbol
will temporarily be
TROND, then will begin
trading under the new ticker symbol,
ATMH.
Additionally, the
Company announced a 1:200
reverse
split of its issued and
outstanding common
stock. The reverse stock split will become effective
August 6,
2020 (the "Effective
Date"). The company's common stock is expected to begin trading on
a split-adjusted basis when the markets open on August
6,
2020
under the
trading symbol
"TROND".
The
new CUSIP number following the
reverse split will be
016691107.
Every
200
shares of
the Company's current
issued
and outstanding common stock will
automatically
be
converted
into one issued and outstanding share of common stock, with no
change in par value per share. Stockholders are not required to
take any action; no fractional shares
will be issued following the reverse split.
Stockholders holding
fractional shares as a result of the reverse stock split will be
rounded up to the next whole share.
"We are
pleased to continue delivering on our commitments to shareholders
and the marketplace.
Our
customers, as well as our
stockholders, win;
with
agreements in place, we're proud to announce
that products, deliveries,
services
and partnerships, have
started
to progress
forward,"
stated CFO Massimo Travagli.
"Completing these
corporate actions
enable us
to strengthen the brand of our company for current and future
potential customers, while putting our stock in a better position
to attract investment within the investment community. We look
forward to announcing our third quarter financials in the near
future and focusing on a strong finish for the year."
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
The
statements contained in this release that are not historical facts
are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Words such as "may,"
"will," "could," "should," "expect," "plan," "project," "intend,"
"anticipate," "believe," "estimate," "predict," "potential,"
"pursuant," "target," "continue," and similar expressions are
intended to identify such forward-looking statements. The
statements in this press release that are not historical
statements, including statements regarding Toron's
plans,
objectives, future opportunities for Toron's
services,
future financial performance and operating results and any other
statements regarding Toron's
future
expectations, beliefs, plans, objectives, financial conditions,
assumptions or future events or performance that are not historical
facts, are forward-looking statements within the meaning of the
federal securities laws. These statements are not guarantees of
future performance and are subject to numerous risks,
uncertainties, and assumptions, many of which are beyond
Toron's
control,
and which could cause actual results to differ materially from the
results expressed or implied by the statements. These statements
are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict, and
include, without limitation, results of litigation, settlements and
investigations; actions by third parties, including governmental
agencies; volatility in customer spending; global economic
conditions; ability to hire and retain personnel; loss of, or
reduction in business, with key customers;
difficulty with growth and integration of acquisitions; product
liability; cybersecurity risk; and, anti-takeover measures in our
charter documents. Any forward-looking statement is made only
as of the date of which such statement is made. Except as otherwise
required by applicable law, we undertake no obligation to publicly
update or revise any forward-looking statements, whether because of
new information, future events, or otherwise.
All
product names, trademarks and registered trademarks are property of
their respective owners. All company, product and service names
used in this website are for identification purposes only. Use of
these names, trademarks and brands does not imply
endorsement.
All other trademarks
cited herein are the property of their respective
owners.
For Further
Information:
Investor Relations
Contact:
Amy Samantha
Gonzales
investors@atma-inc.us
Company Telephone:
(888) 350-4660 Ext. 8
Company
New Website coming: https://atma-inc.us
Company New
Email: inquiries@atma-inc.us
SOURCE:
TORON
INC. (OTC
PINK: TRON)
Massimo
Meneghello,
President