Chill N Out Cryotherapy Inc. Files Year End Financials for 2018 2019 and 2020 to Bring Company Current on OTC Markets

Rhea-AI Summary

Chill N Out Cryotherapy, Inc. (OTC PINK: CHNO) has submitted its year-end financials for 2018, 2019, and 2020 to comply with OTC Pink Guidelines, following an acquisition of ClassWorx, Inc. The company is launching ClassWorx.com, allowing members to host virtual events and earn through two subscription models: a performance-based fee structure or a flat monthly rate of $108. The President stated plans for rebranding and enhancing features, indicating growth potential in helping individuals adapt to virtual connectivity amid job losses.

Positive

• Acquisition of ClassWorx, enhancing business offerings.
• Submission of financials brings compliance with OTC market regulations.
• Launch of ClassWorx.com aims to provide valuable services for virtual events.

Negative

• None.

ATLANTA, GA / ACCESSWIRE / February 10, 2021 / Chill N Out Cryotherapy, Inc. (OTC PINK:CHNO) a Delaware Corporation, which recently had a change in control and completed the acquisition of ClassWorx, Inc. has brought its year end financials for 2018, 2019, and 2020 current along with OTC Pink Guidelines reporting for the same years.

The company owns ClassWorx, Inc., the website Classworx.com, and the trademark for ClassWorx. The company is in the process of officially launching the website, which provides members the ability to create a profile whereby members link their Zoom and Stripe account to host virtual events and get paid. The members hosting these events can select two options when setting up their ClassWorx profile pages. One option is a free membership and ClassWorx receives eight cents (0.08) on every dollar the member charges for an event. The other option is the member pays ClassWorx a flat recurring monthly fee of $108.00 with no limit on attendees at this time.

ClassWorx will be marketing its members' profiles and events online. The more people that attend an event through ClassWorx, the more the host can make and the more ClassWorx can earn. Members that will be providing free events will have to opt in for the $108.00 monthly plan.

Ray Firth President of Chill N Out Cryotherapy, Inc. and ClassWorx, Inc. stated, "We are pleased with the progress we made over the past few months in getting current on OTC Markets. The next step is changing the name to ClassWorx which will help both our members and attendees with brand recognition. We are looking forward to assisting diverse hosts from all walks of life and professions from around the world connect virtually with attendees and learners through ClassWorx.com. We think the potential for growth over the coming years could be meaningful to so many people who have lost their jobs and do not have the tools or expertise to build out what ClassWorx provides for them. We will continue to add new features along with an App as quick as we can build them."

About Chill N Out Cryotherapy, Inc. DBA as Classworx

Classworx, Inc., a Colorado corporation that has been acquired by Chill N Out Cryotherapy Inc. is doing business as ClassWorx. Classworx is currently building out classworx.com which will be a provider of an internet-based, global network-directory of Instructors utilizing video conferencing to remotely deliver individual or group instruction in a broad range of disciplines ("virtual classes").

The website will connect Instructors, both independent and those affiliated within organizations, with individual and group class participants utilizing proprietary technologies and methodologies to maximize the virtual class experiences and the efficiencies of the remote delivery modes of instruction.

The Company is based in the Atlanta, Georgia area spans a global outreach through the worldwide web.

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Chill N Out Cryotherapy, Inc. DBA Classworx to differ materially from those implied or expressed.

CONTACT:

Raymond Firth
470-448-4734
www.classworx.com

SOURCE: Chill N Out Cryotherapy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/628902/Chill-N-Out-Cryotherapy-Inc-Files-Year-End-Financials-for-2018-2019-and-2020-to-Bring-Company-Current-on-OTC-Markets

FAQ

What recent financial reports did Chill N Out Cryotherapy (CHNO) file?

Chill N Out Cryotherapy filed year-end financials for 2018, 2019, and 2020 to comply with OTC Pink Guidelines.

What is the significance of ClassWorx for CHNO?

ClassWorx is expected to enhance CHNO's offerings by enabling virtual event hosting and creating new revenue streams.

When will ClassWorx.com be launched?

ClassWorx.com is in the process of being launched, designed for members to host and market virtual events.

What are the subscription models for ClassWorx members?

Members can choose between a performance-based model (8% fee) or a flat monthly fee of $108.

What growth potential does CHNO see with ClassWorx?

The company believes ClassWorx will significantly help individuals impacted by job losses by providing tools for virtual connectivity.