Cantech Holding, Inc. Announces Update On Its Corporate Status And Intent To Become OTC Pink Sheet Current

Rhea-AI Summary

Cantech Holding Inc. (OTC PINK: BSSP) has announced updates on its corporate filings, aiming to become OTC compliant and maintain a Pink Sheet current listing. This strategic move comes as the Company transitions from a dormant status, seeking acquisition opportunities across various industries to boost shareholder value. Historically focused on medical and pharmaceutical innovations, Cantech is now pivoting to sectors with exponential growth potential, emphasizing its commitment to growth and diversification.

Positive

• Plans to become OTC compliant to enhance visibility and investor confidence.
• Strategic focus on acquiring operating assets across diverse industries to drive growth.
• Intent to revamp corporate identity, potentially increasing shareholder value.

Negative

• Past focus on medical and pharmaceutical industries may indicate a lack of momentum in these segments.
• Transitioning from dormant status suggests previous inactivity could impact investor perception.

SCOTTSDALE, Ariz., June 14, 2021 /PRNewswire/ -- Cantech Holding Inc. formerly Reve Technologies Inc. (OTC PINK: BSSP) (the "Company") is pleased to announce it has updated its corporate filings on the OTCIQ system and plans to become OTC compliant by retaining a Pink Sheet current listing in order to create a successful path towards revamping its corporate identity with a directive towards acquiring operating assets within its holding company.

Cantech Holding Inc. had previously been focused on groundbreaking innovations related to the medical and pharmaceutical industries. However, most recently, the Company has been approached with several opportunities in various industries, prompting management to proactively bring the Company out of its dormant status with the intention to develop and procure a strategy that will eventually enhance its shareholder value.

About Cantech Holding Inc.

Cantech Holding, Inc. has historically been engaged in the development of groundbreaking technologies related to the medical and pharmaceutical industries. The Company plans on refocusing their energies into industries showing exponential growth by acquiring operating assets that will allow for growth and diversification, while also increasing shareholder value.

Safe Harbor

This 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Cantech Holding Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. 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 Cantech Holding Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Cantech Holding Inc.'s filings with OTC Markets and the Securities and Exchange Commission.

Public Relations and Shareholder Information:
Joseph M. Vazquez III
Tel: (888) 242-1113
Email: infinityglobalconsulting@gmail.com

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SOURCE Bassline Productions, Inc.

FAQ

What recent update did Cantech Holding Inc. (BSSP) announce?

Cantech Holding Inc. announced its intent to become OTC compliant and retain a Pink Sheet current listing.

What is the new strategy of Cantech Holding Inc. (BSSP)?

Cantech is shifting focus to acquire operating assets in various industries, aiming for growth and increased shareholder value.

How did Cantech Holding Inc. (BSSP) previously operate before this announcement?

Cantech was previously focused on innovations in the medical and pharmaceutical sectors but had become dormant.

What does OTC compliance mean for shareholders of Cantech Holding Inc. (BSSP)?

OTC compliance increases transparency and credibility, potentially attracting more investors and enhancing stock performance.

What challenges might Cantech Holding Inc. (BSSP) face with its new direction?

Cantech may face challenges in executing its new strategy effectively and overcoming past perceptions of inactivity.