American Metals Recovery and Recycling, Inc. (AMRR) Changed its Name to Multiband Global Holdings Inc.; Also Updating its Stock Ticker Symbol from AMRR to MBGH
American Metals Recovery and Recycling, Inc. (AMRR) has officially changed its name to Multiband Global Holdings, Inc. (MGBH), with the updated ticker symbol MBGH. The name change, approved by the Nevada Secretary of State and FINRA, reflects the company's strategic shift towards the telecom sector, emphasizing IT services and telecommunications innovations. CEO James Frinzi stated that this move signifies a transformation from a focus on metal recycling to a more advanced business identity in technology and telecom. Multiband Global Holdings specializes in various IT and network lifecycle solutions, serving clients across multiple industries including technology and healthcare.
- The name change to Multiband Global Holdings aligns with a strategic focus on telecom and IT services.
- Approval from the Nevada Secretary of State and FINRA suggests regulatory support for the company's new direction.
- The shift in branding may attract new investors interested in technology and telecom markets.
- The transition from a recognizable brand in metal recycling to a telecom focus may confuse existing investors.
- Potential volatility in stock performance may arise due to the penny stock classification of the new ticker symbol MBGH.
AUSTIN, TX, Feb. 22, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- American Metals Recovery and Recycling, Inc. (“AMRR”) (OTC: AMRR), holding company of AMR Resources, LLC, a leading IT and network lifecycle company, has changed its name to Multiband Global Holdings, Inc. (“MGBH”).
Filings with the Nevada Secretary of State office were approved, and the name has been updated. Also, the corresponding change has been approved by FINRA and the OTC markets. The former ticker of AMRR is now MBGH.
“This name change more accurately reflects who MBGH is as a company. We are forward-looking into the telecom space with industry-leading innovations. This signifies a major update from the old ‘metal recycling’ to a fresh update for the company. We are focused on IT services and telecom, and as such we want the stockholders to easily identify us,” said James Frinzi, Chairman and CEO of Multiband Global Holdings, Inc.
About Multiband Global Holdings
MBGH is the holding company of Onepath Systems, LLC and AMR Resources, LLC, a leading IT and network lifecycle company offering solutions for the complete IT and network lifecycle from deployment to decommissioning. The company is backed by logistics, field enterprise service systems, and a global technician base. MBGH specializes in large-scale telecommunications, system/network planning and engineering, fire and life safety systems, low voltage cabling, electronic security, audiovisual installation services, electronic waste recycling, and data destruction. The company’s clients include companies in technology, communications, health care, sports entertainment, and government.
Forward-Looking Statements
This Press Release contains certain “forward-looking statements” as such term is defined in the Exchange Act. These statements reflect our current expectations regarding our possible future results of operations, performance, and achievements. Wherever possible, the Company has tried to identify these forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,” and similar expressions. These statements reflect our current beliefs and are based on information currently available to us. Accordingly, these statements are subject to certain risks, uncertainties, and contingencies, which could cause our actual results, performance, or achievements to differ materially from those expressed in, or implied by, such statements. Further, the safe harbor provisions of the Exchange Act may not apply to an issuer that issues penny stock. These statements speak only as of the date of this Press Release. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. The Company does not assume any obligation to update any forward-looking statements to reflect events or circumstances after the date of this Press Release except as required by federal applicable law.
Michael McClure
512-718-4005
mike.mcclure@multibandglobal.com
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