Integrated Ventures
Releases Unaudited Revenue Results And Announces Reverse Stock
Split
Philadelphia,
PA -- April 21, 2023 -- InvestorsHub NewsWire
-- Today, Integrated Ventures, Inc. ("INTV")
("Company") is providing this Corporate Update, regarding Reverse
Stock Split and Preliminary Revenue results for Q3/2023:
> Reverse Stock
Split:
The Company
received approval from Finra to effectuate a 1-for-125 reverse
stock split of its outstanding and authorized shares of common
stock. Today, INTV's common stock will begin trading on a reverse
stock split-adjusted basis on the OTCQB Market, when the stock
market opens. For 20 business days, Integrated Ventures's common
stock will trade on the OTCQB, under the symbol "INTVD" and then
change back to INTV. As a result of the reverse stock split, every
one hundred twenty five pre-split shares of common stock
outstanding will automatically combine into one new share of common
stock, without any action on the part of the
shareholders.
Following the
consummation of the reverse stock split: (1) the number of issued
and outstanding shares of common stock will be reduced from
357,574,561 to 2,860,596 and (2) the number of authorized shares
will be reduced from 750,000,000 to 6,000,000. No fractional shares
will be issued in connection with the reverse stock split. Any
fractional shares of common stock resulting from the reverse stock
split will be rounded up to the nearest whole post-split share and
no shareholders will be eligible to receive cash in lieu of
fractional shares.
> Mining Revenue
Results:
The Company is
pleased to provide preliminary and unaudited results for its crypto
mining operations, covering period of 01/01/23 thru
03/31/23:
Revenues for
January: $446,313.00
Qty of BTC
generated: 21.4018
Revenues for
February: $489,204.00
Qty of BTC
generated: 21.0044
Revenues for
March: $537,296.00
Qty of BTC
generated: 21.4384
Steve Rubakh,
CEO of Integrated Ventures provides this commentary: ""In terms of
total mining revenues, Q3/2023 was one of better quarter's to date,
since launching crypro mining operations, mainly due to commencing
of operations in Wolf Hollow, TX. The key unaudited financial
results are as follow: (1) total mining revenues for Q3/2023 were
$1,472,813.00 vs $370,292.00 for Q2/2023, (2) total qty of BTC
generated was 63.85 and (3) revenue growth for period of Q2/2023
thru Q3/2023 was over 250%. INTV projects that Q4/2023 will show
additional growth with revenues exceeding $1,700,000. We believe
that due to (1) INTV's current share pricing structure, (2) clean
balance sheet and (3) size of assets, the Company has became a very
attractive merger candidate for private companies, looking go
public, raise capital and to uplist to Nasdaq."
> About:
Integrated
Ventures,Inc is a Technology Portfolio Holdings Company that
develops, acquires, operates and invests in businesses, primarily
in the technology and entertainment sectors with focus on
e-commerce, information technology and cryptocurrency mining.
Company's current, revenue generating operations consist of digital
currency mining and hosting. The management team is focused on
implementing innovative and profitable strategies, creating
liquidity through asset based infrastructure, supporting and
improving operations, infusing growth capital, maintaining and
expanding a market presence in the niche sector
initiatives.
For more
details, please visit the Company's website:
www.integratedventuresinc.com.
> Safe Harbor
Statement:
The information
posted in this release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of1995. You can identify these statements by use of the words
"may," "will," "should," "plans," "explores," "expects,"
"anticipates," "continue," "estimate," "project," "intend," and
similar expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, and various other factors beyond the company's
control.