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Acquired Sales Corp. Announces Upgrade to OTCQB Venture Market

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Rhea-AI Summary

Acquired Sales Corp. (AQSP) has received approval to trade on the OTCQB Venture Market as of September 29, 2020. CEO Gerard M. Jacobs stated that this move is expected to enhance the company's visibility and liquidity in the investment community.

The OTCQB is tailored for entrepreneurial and developmental stage companies, requiring them to be current in financial reporting and meet specific listing criteria. Acquired Sales Corp. is also the parent of Lifted Made, a leader in hemp and cannabinoid products.

Positive
  • AQSP's trading approval on the OTCQB may enhance its market visibility.
  • Increased liquidity expected for common stock following the OTCQB listing.
Negative
  • None.

LAKE FOREST, Il, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Acquired Sales Corp. (OTCQB: AQSP; www.AcquiredSalesCorp.com) is pleased to announce that AQSP is approved for trading on the OTCQB Venture Market as of today.

Gerard M. Jacobs, CEO, commented, "We expect that trading on the OTCQB Venture Market will increase AQSP's profile within the investment community and assist in increasing the liquidity of our common stock."

The OTCQB Venture Market, operated by OTC Markets Group Inc., is a premier market for entrepreneurial and development stage U.S. and international companies that are committed to providing investors high-quality trading and improved market visibility to enhance trading liquidity. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and other initial listing requirements, and undergo an annual company verification and management certification process.

About Acquired Sales Corp.
AQSP is the parent company of Lifted Made, Zion, Illinois, a leader in hemp and hemp-derived cannabinoid products under its Urb Finest Flowers brand, which is led by its CEO Nicholas S. Warrender (www.LiftedMade.com). AQSP also owns 4.99% of CBD-infused beverage and products maker Ablis Holding Company, and of craft distillers Bendistillery Inc. d/b/a Crater Lake Spirits and Bend Spirits, Inc., Bend, Oregon.

Forward Looking Statements
This news release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Acquired Sales Corp.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the risk factors that could affect the business and financial results of Acquired Sales Corp. are included in Acquired Sales Corp.'s filings with the U.S. Securities and Exchange Commission. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

CONTACTS:

Gerard M. Jacobs, CEO
Phone: 847-915-2446
gerardmjacobs@acquiredsalescorp.com

Nicholas S. Warrender, COO
Phone: 224-577-8148
CEO@LiftedMade.com

William C. "Jake" Jacobs, President and CFO
Phone: 847-400-7660
jakejacobs@acquiredsalescorp.com

FAQ

What is the significance of AQSP trading on OTCQB?

Trading on the OTCQB Venture Market is expected to improve AQSP's market visibility and increase stock liquidity.

When did AQSP receive approval for OTCQB trading?

AQSP received approval for trading on the OTCQB Venture Market on September 29, 2020.

What are the requirements for a company to be listed on OTCQB?

Companies must be current in financial reporting, pass a minimum bid price test, and meet initial listing requirements.

How does the OTCQB listing impact AQSP's investors?

The OTCQB listing is anticipated to enhance trading liquidity, potentially benefiting investors.

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