Aftermaster Inc. Notice to Shareholders

Rhea-AI Summary

Aftermaster has announced it will not complete its financial statements by the September 28, 2021 deadline, leading to a transition to the expert market on OTC Markets. Since exiting bankruptcy, the company has struggled to secure necessary financing to meet current reporting obligations. While optimistic about future funding, Aftermaster is uncertain about when this might occur.

Positive

• The company remains optimistic about securing financing.
• Aftermaster Audio Labs is recognized for its innovative audio technology.

Negative

• Unable to complete financial statements by the required deadline.
• Transitioning to the expert market may limit investor access.

HOLLYWOOD, CA / ACCESSWIRE / September 21, 2021 / Aftermaster wants to notify its shareholders that it will not be able to complete its financial statements and be deemed current in its OTC Markets reporting obligations by September 28, 2021, and subsequently will be moved to the "expert market" on OTC Markets. Since exiting the chapter 11 subchapter 5 bankruptcy, the company has yet to secure the financing needed to move the company forward and get current. The company remains optimistic that it can secure the needed financing, but it does not know when or if it will be able to do so.

About Aftermaster Inc.
Aftermaster Audio Labs is an award-winning, leading edge audio technology company that specializes in the development of proprietary and groundbreaking audio technologies and products. Aftermaster Audio Labs developed Aftermaster® audio, a true breakthrough in audio technology that brings extraordinary amplitude, depth, clarity and fullness to any audio recording throughout its entire frequency range, without compromise. The Aftermaster team's discography includes more hit records than any other audio technology company in the world. We know what sounds right.

Aftermaster products and divisions include: Aftermaster semiconductor chips and software for embedding in consumer products, Aftermaster developed and branded consumer and professional electronic products, Promaster on-line music mastering for independent music artists and in-studio professional music mastering services. For more information, please visit aftermaster.com/products

CONTACT:
Aftermaster Inc
Mirella Chavez
CFO
mchavez@aftermater.com

SOURCE: Aftermaster, Inc.

View source version on accesswire.com:
https://www.accesswire.com/664885/Aftermaster-Inc-Notice-to-Shareholders

FAQ

What is the latest update on Aftermaster Inc. as of September 2021?

Aftermaster has announced it will not meet its financial reporting obligations by September 28, 2021, leading to its move to the expert market.

What does the expert market mean for Aftermaster Inc.?

The expert market designation indicates Aftermaster will have limited visibility to investors and may affect trading activity.

How has Aftermaster performed since exiting chapter 11 bankruptcy?

Aftermaster has struggled to secure financing necessary for its operations since exiting bankruptcy.

What impact does the financial reporting delay have on Aftermaster Inc.?

The delay may lead to decreased investor confidence and limit access to capital.