Corporate Universe Response to SEC Suspension

Rhea-AI Summary

Corporate Universe, Inc. (OTC:COUV) announces its response to the SEC's trading suspension order effective through February 24, 2021, due to concerns over information accuracy. The company has retained legal counsel to communicate with the SEC and plans to release further information to support its claims. Despite the suspension disrupting its Carbon Ion technology plans, the company maintains its belief in these market opportunities and aims to resolve issues promptly. An update is expected on February 15, 2021.

Positive

• Retained securities attorneys to communicate with SEC.
• Plans to provide additional supporting information to the market.
• Belief in the market opportunity of Carbon Ion technologies.

Negative

• Trading suspension may disrupt planned closing of Carbon Ion.
• Unknown variables introduced by the suspension could affect business plans.

NEW YORK, NY / ACCESSWIRE / February 11, 2021 / Corporate Universe, Inc. (OTC:COUV) is issuing this release in response to the SEC 10 trading day order of suspension, through February 24, 2021, due to questions regarding the accuracy and adequacy of information about the Company in the marketplace. The Company has retained securities attorneys who have communicated with the SEC and we will provide additional information to the marketplace to support the Company's claims and actions. We have already sent certain documentation to the Commission.

The Company respectfully disagrees with the Commission's action to suspend trading and deems all prior releases to be factually correct. The Company believes in the market opportunity of the Carbon Ion technologies and will use its best efforts to bring these technologies to market. However, the trading suspension has caused a disruption in our planned closing with Carbon Ion and has introduced unknown variables that the Company intends to resolve and move ahead towards closing. Further update will be released on Monday February 15.

About Carbon-Ion Energy

Carbon-Ion Energy has developed a new category of energy storage device called Carbon-Ion or C-Ion®. This game-changing technology charges 50 times faster than lithium-ion batteries, radically improves the performance of supercapacitors by using high surface area carbons and ionic electrolytes, allows for over 100,000 charge/discharge cycles, provides high power density, is environmentally safe, and is even recyclable. With over 30 patents and a decade of research and development, the company is rapidly moving to commercialization. For more information, please visit www.carbon-ion.energy.

About Corporate Universe:

Corporate Universe Inc is a publicly traded diversified company with a focus on emerging business development to create value for our shareholders. Corporate Universe provides the environment for business growth and stability. For further information see www.corpuniverse.com

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
info@corpuniverse.com
1-302-273-1150

SOURCE: Corporate Universe

View source version on accesswire.com:
https://www.accesswire.com/629293/Corporate-Universe-Response-to-SEC-Suspension

FAQ

What caused the SEC suspension for COUV?

The SEC indefinitely suspended trading of COUV due to questions regarding the accuracy and adequacy of its information.

How long will the trading suspension for COUV last?

The suspension is in effect until February 24, 2021.

What is Corporate Universe's response to the SEC suspension?

Corporate Universe disagrees with the SEC's action and is working to provide additional supporting information.

When is the next update from Corporate Universe regarding the SEC suspension?

An update from Corporate Universe is expected on February 15, 2021.

What impact does the SEC suspension have on Corporate Universe's Carbon Ion plans?

The suspension has disrupted the planned closing with Carbon Ion and introduced unknown variables.