Corona, CA / ACCESSWIRE / March 7, 2014 / Extreme Biodiesel Inc. (XTRM) today announced plans to up list to the OTCQB.
Company President Joseph Spadafore stated "XTRM has started the auditing process and has been working with counsel on doing an S-1 Registration with the goal of becoming a fully reporting company on the OTCQB. We feel it is important for the company and its subsidiaries including XTRM Cannabis Ventures to be fully transparent to promote a better understanding of the Company and increase shareholder value. Our ultimate goal is to achieve a listing on the OTC QX and eventually the NYSE MKT (formerly NYSE Amex) However, the current up list to the OTCQB will accomplish the goals of increased transparency, and allow our stock to be traded by a wider range of brokerages and investment bankers. The entire process is expected to take about 6-9 months to complete and the Company will announce more information in the coming days and weeks as the process occurs.
About Extreme Biodiesel and XTRM Cannabis Ventures
Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors.
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.
The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website being developed at http://xtrmcannabisventures.com/
Safe Harbor Disclaimer Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.