ClickStream Announces Removal of "Shell Risk" Designation by OTC Markets

Rhea-AI Summary

ClickStream Corp. (OTC PINK:CLIS) has announced the removal of the shell risk designation by OTC Markets, indicating improved corporate standing. The designation is typically assigned to companies that may exhibit characteristics of Shell Companies as defined by SEC rules.

Michael Handelman, CFO, expressed satisfaction with this change, emphasizing the company's commitment to transparency and its strong financials. ClickStream's flagship product, WinQuik, is a free-to-play trivia app that offers real money prizes and is currently in production featuring celebrity hosts.

Positive

• Removal of shell risk designation by OTC Markets.
• Strengthened corporate standing and transparency.
• Operational commitment towards enhancing the WinQuik app.

Negative

• None.

BEVERLY HILLS, CA / ACCESSWIRE / October 14, 2020 / ClickStream Corp. (OTC PINK:CLIS), the creator of the WinQuik™ trivia gaming platform announced today the removal of the "shell risk" designation by OTC Markets.

The shell risk designation indicates that a company may be a Shell Company, as defined by SEC rules or displays characteristics common to Shell Companies. This designation is made at OTC Markets' discretion based on an analysis of the company's key financial data.

Michael Handelman, CFO of ClickStream stated "We are very pleased that the "shell risk" designation has been removed by OTC Markets. This is part of our continuing effort to improve our corporate standing and transparency. Our balance sheet is strong, and we are operating with an all hands-on deck approach to perfect our WinQuik™ app. ClickStream has demonstrated its commitment to transparency and will continue to actively communicate with our shareholders and players."

ABOUT CLICKSTREAM CORPORATION
ClickStream is a technology company focused on developing apps and digital platforms that disrupt conventional industries. The company's initial offering WinQuik™, is a free-to-play synchronized mobile app and digital gaming platform. The platform is designed to enable WinQuik™ users to have fun, interact and compete in order to win real money and prizes. WinQuik™ is currently in production with shows featuring celebrity hosts such as: Actor Pooch Hall, NFL quarterback and former NASA intern Joshua Dobbs, New York City restaurateur and celebrity chef Jordan Andino, NFL Network's Brian Baldinger, U.S. Army Green Beret and survival expert Mykel Hawke, former ESPN host Howie "The Sultan of Sports Trivia" Schwab and Emmy-Award winning journalist, documentary filmmaker and ClickStream's Vice President of Original Programming Amber Theoharis. Show subject matter includes sports, survival, Hollywood, travel, the Bible, space, food and much more. Game types are set up dynamically with daily, live games and non-live games available to play multiple times daily. As a free-mium platform, ClickStream monetizes the platform with corporate sponsors and advertisers. For more information please visit: Web: www.clickstream.technology or www.winquik.com | Twitter: www.twitter.com/winquikapp or www.twitter.com/ClickstreamC | Instagram: www.instagram.com/winquiktrivia/

SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MORE INFORMATION, PLEASE CONTACT:
Adam Handelsman
SpecOps Communications
adam@specopscomm.com
O: (512) 363-0594
C: (646) 413-9401

SOURCE: ClickStream Corporation

View source version on accesswire.com:
https://www.accesswire.com/610373/ClickStream-Announces-Removal-of-Shell-Risk-Designation-by-OTC-Markets

FAQ

What does the removal of the shell risk designation mean for ClickStream Corp (CLIS)?

The removal indicates improved financial standing and a reduced likelihood of being considered a Shell Company by OTC Markets.

When was the shell risk designation removed for ClickStream Corp (CLIS)?

The shell risk designation was removed on October 14, 2020.

What is the main product offered by ClickStream Corp (CLIS)?

ClickStream's main product is WinQuik, a free-to-play trivia gaming platform that allows users to compete for real money and prizes.

Who are some of the celebrity hosts featured in ClickStream's WinQuik app?

Celebrity hosts include Pooch Hall, Joshua Dobbs, and Amber Theoharis.

How does ClickStream Corp (CLIS) monetize its WinQuik platform?

ClickStream monetizes WinQuik through corporate sponsors and advertisers.