DORAL, FL / ACCESSWIRE / April 26, 2017 / Santo Mining Corp. dba PODWERKS (the "Company"), (OTC PINK: SANP) is pleased to announce today, that the company has ended 2016 with positive revenues and improved financials compared to the company's previous history since its inception in 2009. During the past three months, the company's focus has been on building a solid business model with its new venture Podwerks. The company is developing American's premier cannabis co-workspace with its unique and novel urban pod campus solutions for the cannabis industry.
The company has filed its 2016 year-end financial reports with the OTC-Markets. For the year-end 2016 the gross profits was $391,047.00USD compared to $0.00USD in 2009-2015, operating income was $296,541.00USD compared to a negative -$166,000.00USD in 2015.
The company has been diligently working to get all its financial documentations in order for the anticipated audit and its super 10-K filling. In an effort to establish total transparency the company has moved forward with becoming OTC Pink current in the next 15 days, as it continues to work on up-listing to fully reporting.
"This is the first time in the history of SANP, that its financials show such a positive record," stated Franjosé Yglesias CEO, "There will be much work during the months to come as we transition from a OTC Pink to a fully reporting company, clean up all the debt that we inherited and with our new business model Podwerks, we feel that we will develop a $5 Billion dollar company in the next 5 years."
The company's current 90 days corporate workload is as follows:
2-Attorney letter with respect to current information.
3-Uploading the company's 1Q-2017 financials by mid May.
4-On-going audit.
5-Super 10-K.
6-New Corporate website.
7-Marketing and development of Podwerks.
8-Name change.
9-Symbol change.
10-CUSIP change
About Podwerks
Podwerks is a pioneering and first-of-its-kind co-working space for the cannabis entrepreneur in the United States, providing turnkey business and growing solutions for cultivating, marketing and selling cannabis related products.
As part of its mission of Grow for Life, Podwerks aims to create a sustainable and community driven workspace by providing an affordable, scalable and a safe business environment for its customers and owner-operators. Already positioned at the forefront of the cannabis start-up scene, Podwerks continues to innovate and lead the way in the cannabis shared-economies business world.
Podwerks is a division of Santo Mining Corp, a publicly traded company in the Over-the-Counter (OTC) market. It currently trades under the ticker symbol SANP.
Media contacts:
Podwerks
Mr. Matthew Arnett
844.420.4203
[email protected]
http://www.podwerks.com/
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
SOURCE: Santo Mining Corporation