PAOG Outlines Strategic Next Steps and Corporate Housecleaning Agenda
August 03 2020 - 11:30AM
InvestorsHub NewsWire
Sandusky, OH -- August 3, 2020 -- InvestorsHub NewsWire -- PAO
Group, Inc. (OTC
Pink: PAOG) today released a letter from CEO James C. DiPrima
to update shareholders on strategic next steps in addition to
reviewing corporate housecleaning agenda items. The letter is
included in its entirety below:
Dear Shareholder,
The last three weeks have been busy for PAOG. Much has been
accomplished - a management takeover, and two acquisitions. Expect
the momentum to continue. Key contracts moving the company's
acquired cannabis biopharmaceutical technology forward are coming
soon.
PAOG anticipates entering into a Contract Research Organization
(CRO) agreement as a first step toward initiating
an Investigational New Drug Application (IND) to
ultimately achieve Food and Drug Administration
(FDA) approval for its RespRx Chronic Obstructive
Pulmonary Disease (COPD) treatment.
Based on positive results from an informal trial of RexpRX with
25 COVID-19 patients, PAOG also plans to make a Coronavirus
Treatment Acceleration Program (CTAP) application
after entering into a CRO agreement.
At the same time that we are advancing our cannabis
biopharmaceutical technology, we also have some general
housekeeping to catch up on. PAOG is behind on its reports required
to maintain "current information" status with OTC Markets. We also
need to update our website and contact information. We expect to
complete all promptly.
A new website is now available. The site is preliminary. Look
for continuous updates. Please sign-up for our newsletter and we'll
let you know when to check back.
You can find our new website at www.paogroupinc.com.
Thank you for your interest in our mission to advance the future
of medical cannabis technology.
Best Regards,
James C. DiPrima
Forward-Looking Statements: Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward-looking statements to reflect events or
circumstances after the date of this release.
Contact Us:
Jim DiPrima
888-272-6472
info@pao.group
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