GENEVA, SWITZERLAND / ACCESSWIRE / August 6, 2014 / On July 2, 2014 Kender Energy, Inc. effected a name change to Bettwork Industries, Inc. (OTC Pink: BETW) (PINKSHEETS: BETW) and instituted a reverse stock split of 500:1. The company was originally incorporated in the state of Nevada as Nostrad Telecommunications, Inc. in September 1993.
"Bettwork Industries' intention is to look for acquisition candidates in the telecom industry," said Sean Kelly, CEO and Chairman of the Board, in making the announcement.
"The telecom industry is witnessing explosive growth and the proliferation of smartphones is rapidly increasing due to the devices' greater capabilities," Kelly added.
"Telecom towers serve as the backbone to the required upgrades within the existing technology that supports the smartphone proliferation. It is our intention to move forward and do the necessary work to position the Company in identifying new candidates for acquisition in the wireless telecommunication infrastructure service industry," Kelly concluded.
Bettwork Industries, Inc. is a development stage company.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions. Investors are cautioned that these forward-looking statement, reflect numerous assumptions and involve risk and uncertainties that may affect Bettwork Industries, Inc. and its business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Bettwork, Inc.’s operating history; competition; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms.
Global Financial LLC
Director of Investor Relations
SOURCE: Bettwork Industries, Inc.