Corporate Universe Reduces Shares Outstanding
Corporate Universe, Inc. (OTC PINK:COUV) announced the purchase of 106 million shares from a former shareholder, which will be retired to treasury. This move will reduce total outstanding shares by nearly 20%, potentially enhancing shareholder value. The company also renewed its listing with OtcMarkets and is updating its corporate information and financial disclosures. CEO Isaac H. Sutton emphasized a commitment to transparency and shareholder value creation.
- Reduction of total outstanding shares by nearly 20%, potentially increasing shareholder value.
- Renewed listing with OtcMarkets and updating corporate information.
- None.
NEW YORK, NY / ACCESSWIRE / August 25, 2020 / Corporate Universe, Inc. (OTC PINK:COUV) is pleased to announced today the company has purchased 106,000,000 million shares from a former shareholder, and will be retiring these shares to treasury. This transaction will reduce the total outstanding shares by just under
Additionally, the company has renewed with OtcMarkets and is in the process of updating corporate information, as well getting all financial reports and listing disclosures current.
Isaac H. Sutton, Corporate Universe Inc. CEO stated, "We're taking the appropriate actions to provide our shareholders transparency, and I will be working to create shareholder value on a daily basis".
Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Corporate Universe, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Corporate Universe, Inc. cautions you that any forward-looking information provided by or on behalf of Corporate Universe, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Corporate Universe, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Corporate Universe, Inc.'s control. In addition to those discussed in Corporate Universe, Inc.'s press releases, public filings, and statements by Corporate Universe, Inc.'s management, including, but not limited to, Corporate Universe, Inc.'s estimate of the sufficiency of its existing capital resources, Corporate Universe, Inc.'s ability to raise additional capital to fund future operations, Corporate Universe, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Corporate Universe, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Corporate Universe, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contact:
Corporate Universe Inc
isutton@corpuniverse.com
1-302-273-1150
SOURCE: Corporate Universe, Inc.
View source version on accesswire.com:
https://www.accesswire.com/603229/Corporate-Universe-Reduces-Shares-Outstanding
FAQ
What is the significance of Corporate Universe reducing its outstanding shares?
When did Corporate Universe announce its share buyback?
What actions is Corporate Universe taking to improve transparency?
What is the stock symbol for Corporate Universe?
