Accredited Solutions Initiates Uplisting Process to OTCQB

Rhea-AI Summary

Accredited Solutions (OTC: ASII), the parent company of Diamond Creek Water, has initiated the process of uplisting its common stock to the OTCQB market as part of its strategic growth plan. This move is seen as an interim step towards the company's ultimate goal of listing on a national market like NASDAQ or NYSE.

To achieve its revenue and EBITDA growth targets, Accredited Solutions plans to finalize and execute an aggressive acquisition strategy. The company will engage with acquisition and industry professionals to fill independent seats on its Board, as required for OTCQB listing. Notably, Accredited Solutions has no intention of performing a reverse stock split, preferring to build enterprise value to meet the minimum stock price required for OTCQB listing.

Positive

• Initiating uplisting process to OTCQB market
• Strategic plan to eventually list on NASDAQ or NYSE
• Plans for aggressive acquisition strategy to drive revenue and EBITDA growth
• Commitment to building enterprise value instead of reverse stock split

Negative

• None.

NEW YORK, NY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, a leading brand of ionized alkaline bottled water distributed across major grocery and convenience store chains, has initiated the process of uplisting its common stock to the OTCQB market as part of its strategic growth plan.

The company views this as an interim step toward its ultimate goal of listing on a national market, such as NASDAQ or NYSE. To achieve its revenue and EBITDA growth targets, Accredited Solutions recognizes the need to finalize and execute an aggressive acquisition strategy. In line with this objective, the company plans to engage with a list of acquisition and industry professionals to fill the independent seats on its Board, as required by OTC Markets for OTCQB listing.  The company will give this plan top priority.

The company has no intention of performing a reverse stock split, preferring, instead, to build enterprise value, to meet the minimum stock price required for OTCQB listing.

Relevant Links: https://www.diamondcreekwater.com

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Accredited Solutions, Inc.
Contact Information:
info@diamondcreekwater.com
Follow Us on:
X (Twitter): @asii_Inc

Source:
Accredited Solutions, Inc.
https://www.diamondcreekwater.com

FAQ

What is Accredited Solutions (ASII) doing to uplist its stock?

Accredited Solutions (ASII) has initiated the process of uplisting its common stock to the OTCQB market as part of its strategic growth plan.

What is Accredited Solutions' (ASII) long-term goal for stock listing?

Accredited Solutions (ASII) aims to eventually list on a national market such as NASDAQ or NYSE, with the OTCQB uplisting being an interim step.

How does Accredited Solutions (ASII) plan to achieve its growth targets?

Accredited Solutions (ASII) plans to finalize and execute an aggressive acquisition strategy to achieve its revenue and EBITDA growth targets.

Will Accredited Solutions (ASII) perform a reverse stock split for OTCQB listing?

No, Accredited Solutions (ASII) has no intention of performing a reverse stock split. Instead, it plans to build enterprise value to meet the minimum stock price required for OTCQB listing.