LaJolla, CA / ACCESSWIRE / Aug 13, 2014 / AV1 Group, Inc. (OTC Pink: AVOP), an emerging development company and partner, is pleased to announce that the Company has provided a shareholder update with respect to the recent developments and milestones realized by the Company.
First and foremost, AV1 Group would like to re-affirm the Company’s commitment to establishing DTC eligibility for book-entry delivery and depository services of The Depository Trust Company (the "DTC") to facilitate electronic settlement and transfer of its common shares. DTC eligibility has been one of the company’s milestones, since this foundation is so essential to the trading capability through all firms.
Recently the Company has also been in talks with strategic funding opportunities. It is of upmost importance that instrumental relationships are established, in order that the Company can secure viable solutions, while maintaining the integrity of the stock structure.
AV1 Group, Inc.'s wholly owned suibsidary, Marijuana Incubator Group, Inc.'s recent acquisitions are also moving forward:
- Vaportownusa.com - a profitable online vendor of top quality vapor related essentials, has closed negotiations and awaits funding according to the terms of the agreement.
- The Cannatizer - a cutting edge dental cleansing tool which integrates the infusion of hemp oil has been the subject of talks with a partner to initiate production, packaging and marketing.
- Currently in incubation are advertisement driven pre-revenue cannabis related web sites which the Company expects to launch soon.
Upon advancement, the Company will announce any updates pertaining to progress.
The Company is undergoing a revamping of the corporate image in order to enhance the demonstration of the company’s goals, visions and accomplishments. The focus remains the same, but the modernization will reflect the ever growing and evolving nature of the Company and the Cannabis industry. The Company will issue a press release to update shareholders upon official launch of the new website.
Currently the Company’s corporate share structure stands as eleven billion shares outstanding of which 73.77 percent is restricted. The company’s current shareholder base stands at approximately 2147 shareholders.
These developments for the Company come swiftly on the heels of a recent announcement by legislative leaders in New York approving a pilot program to provide access to marijuana for sick New York residents, making the state one of the largest to embrace the drug’s use as medicine, bringing the industry landscape to over 20 states now allowing patients access to medical marijuana. Opportunities, even as the Company seeks and prepares for growth, seem to be increasingly forming; particularly in the area of ecommerce, hemp infused products, medicinal grow house consulting services, and technology to enhance the incubation period of crops.
Bryen Beglinger stated: "Although we have remained quiet, we have been diligently working to develop strategic relationships that will enhance shareholder value while simultaneously keeping our operations within compliant standards. We intend to keep our shareholders fully informed as events materialize."
About AV1 Group, Inc.
AV1 Group, Inc. is a publicly traded investment and holding company established to identify, secure, and monetize emerging growth companies in a number of sectors that include cannabis related technologies, cultivation and ecommerce businesses positioned for exponential growth in the Marijuana sector.
The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in markets that the Company believes to have exponential growth potential. AV1 Group, Inc.’s comprehensive business model also includes a division which delivers internally created projects that are poised for revenue generation, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, thus providing a significant resource of experience, knowledge and expertise to every venture. AV1 Group, Inc. explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in their chosen markets. For more information visit: http://www.av1group.com/
Safe Harbor Act
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. We are 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.
Marijuana Incubator Group, Inc., a wholly owned subsidiary of AV1 Group, Inc.
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Source: AV1 Group, Inc.