XSport Global Inc. Received Correction Letter From Wyoming Secretary of State
August 13 2019 - 1:08PM
InvestorsHub NewsWire
XSport Global Inc. Received Correction Letter From Wyoming
Secretary of State
Wyoming Secretary of State Entered Incorrect
Shares
CHARLOTTE, NC --
August 13, 2019 -- InvestorsHub NewsWire -- XSport Global, Inc.
(OTCQB: XSPT) discovered on August 10, 2019, that the Wyoming
Secretary of State had inadvertently entered the wrong number of
shares of the Company’s authorized common stock. The
Secretary of State’s website indicated that the Company had
authorized an amendment to increase the number of shares of common
stock to 5 trillion shares. However, this was a clerical input
mistake made by the Secretary of State which immediately fixed the
error to the correct number the Company had in fact authorized 5
billion. A copy of this letter from the Secretary of State
follows the Press Release. The Company would like to reassure
its shareholders that it did not authorize an increase to 5
trillion shares and immediately took steps to ensure the correct
capitalization was showing on the Secretary of State’s
website.
The authorized increase of additional shares has
been created for upcoming expansions and acquisitions. XSport
Global is currently in discussions with a few potential key
acquisitions that have large member bases, technology and revenue
in the sports industry; details to be announced in September.
In addition to this exciting news, XSport Global has the next
HeadTrainer beta test completed and research studies will be
executed later this year.
About XSport Global,
Inc.
XSport Global, Inc. (OTCQB: XSPT) is a leading
youth and collegiate sports technology and media holding company
focused on developing disruptive sports-centric technologies and
related media projects around the world, where sports industries
and players are highly regarded. Backed by a roster of professional
athletes and brand ambassadors, we seek to help athletes achieve
their full potential through cognitive training, careers, genetics,
recruiting and more. Our flagship company HeadTrainer, Inc. was
established to create, develop, promote, market, produce, and
distribute online/mobile application cognitive training tools
initially intended for the youth, millennial and adult sports
markets. The mobile platform was designed and developed in careful
coordination with a team of professionals from the fields of
science and medicine, and world-class athletes from a variety of
sports. Visit www.xsportglobal.com and www.headtrainer.com for
more information.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of
1995.
Any statements contained in this press release that
do not describe historical facts may constitute forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by words such as “anticipate,” “believe,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “should,” “would” or
similar words. You should consider these statements carefully
because they discuss our plans, targets, strategies, prospects and
expectations concerning our business, operating results, financial
condition and other similar matters. These statements are subject
to certain risks, uncertainties, and assumptions, including, but
not limited to, risks and uncertainties relating to the Company’s
ability to develop, market and sell products and services, based on
its technology; the expected benefits and efficacy of the Company’s
products, services and technology; the availability of additional
funding for the Company to continue its operations and to conduct
research and development, and future product commercialization;
and, the Company’s business, research, product development,
regulatory approval, marketing and distribution plans and
strategies; the ability of the Company to execute on a business
plan that permits the technologies and innovations businesses to
provide sufficient growth, revenue, liquidity and cash flows for
sustaining the Company’s go-forward business, and the risks
identified and discussed under the caption “Risk Factors” in the
XSport Global Annual Report filed with the Securities and Exchange
Commission (the “SEC”) and the other documents XSport Global files
with the SEC from time to time. There will be events in the future,
however, that XSport Global is not able to predict accurately or
control. XSport Global’s actual results may differ materially from
the expectations that XSport Global describes in its
forward-looking statements. Factors or events that could cause
XSport Global’s actual results to materially differ may emerge from
time to time, and it is not possible for XSport Global to
accurately predict all of them. Any forward-looking statement made
by XSport Global in this press release speaks only as of the date
on which XSport Global makes it. XSport Global undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Contacts
Media
Relations
Sean
Leous
212.389.9782
x102
sean@tradigitalir.com
Investor
Relations
Lester “LJ” Steptoe
Jr.
(949)
468-0075
LJ@xsportglobal.com
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