CarbonMeta Technologies (COWI) Discusses 2021 Performance and Future Plans in Interview with SmallCapVoice.com

Rhea-AI Summary

CarbonMeta Technologies (OTC PINK:COWI) has announced substantial improvements in its financial health, as detailed by CEO Lloyd Spencer in a recent interview. Key highlights include a $2 million reduction in accounts payable and a significant decrease in convertible debt from $4.5 million to $1.9 million. Total liabilities have also dropped by over $14 million, now standing at approximately $25.8 million. Looking forward, Spencer anticipates revenues from carbon nanotube and cement paver initiatives, indicating ongoing efforts in waste upcycling and innovative product development.

Positive

• Accounts payable decreased by $2 million.
• Convertible debt reduced from $4.5 million to $1.9 million.
• Total liabilities decreased by more than $14 million to approximately $25.8 million.

Negative

• None.

AUSTIN, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- SmallCapVoice.com Inc. (“SCV”) announces the availability of a new interview with Lloyd Spencer, chairman and CEO of CarbonMeta Technologies Inc. (OTC PINK:COWI), to discuss the Company’s improved balance sheet and innovations in organic waste management.

Spencer recaps CarbonMeta’s initiatives in upcycling plastic waste into hydrogen and high-value carbon, 3D printer filament and cement pavers before discussing the Company’s successful debt reduction strategy.

“Our accounts payable went down by $2 million; convertible debt went from $4.5 million, down to $1.9 million,” Spencer tells SCV’s Stuart Smith, referring to the CarbonMeta’s annual report. “I'm also working with some of the old convertible debt and already have one note holder that we've come to agreement on.” Spencer also noted that Convertible debt decreased over $2.5M, from $4,549,479 to $1,987,425; and total liabilities decreased over $14M, from $40,196,559 down to $25,828,132.

“I think that in the coming quarter we will see some revenues coming into the Company - in part through the carbon nanotube effort - in part through the cement paver business – and that we will continue to see the debt go down even further,” he tells SCV’s Stuart Smith.

The interview also discusses several near-term operational goals and Spencer’s expectations for CarbonMeta’s plastics and 3D printing businesses.

The full SCV interview can be viewed at https://youtu.be/zK4vajC5h0Q

About CarbonMeta Technologies Inc.

CarbonMeta Technologies (OTC PINK:COWI) is a resource reclamation company that will process organic wastes and generate economically sustainable hydrogen and high-value carbon products. CarbonMeta's business will include plastic and construction waste upcycling to help address the world's pollution and climate crises. The company is based in Woodinville, Washington, and has several subsidiaries, each with its own focus on high-value solutions for environmental sustainability.

For more information about CarbonMeta Technologies and its subsidiaries, please visit www.CarbonMetaTech.com.

About SmallCapVoice.com

SmallCapVoice.com, Inc. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies, small cap and micro-cap stocks build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, podcasts, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks in which they are interested. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTCMarkets. To learn more about SmallCapVoice.com and its services, please visit https://www.smallcapvoice.com/small-cap-stock-otc-investor-relations-financial-public-relations/.

Socialize with SmallCapVoice and their clients at

Facebook: https://www.facebook.com/SmallCapVoice/
Twitter: https://twitter.com/smallcapvoice
Instagram: https://www.instagram.com/smallcapvoice/

Forward-Looking Statements

This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," or "believes." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:

Mark Duiker
CarbonMeta Technologies Investor Relations
(844) 698-3777, option 3
Investor@CarbonMetaTech.com

SmallCapVoice.com
Stuart T. Smith
512-267-2430
Info@SmallCapVoice.com

Source: SmallCapVoice.com

FAQ

What financial improvements did CarbonMeta Technologies (COWI) announce in April 2022?

CarbonMeta Technologies reported a $2 million reduction in accounts payable and a decrease in convertible debt from $4.5 million to $1.9 million, alongside a total liability drop exceeding $14 million.

How does CarbonMeta Technologies (COWI) plan to generate revenue?

CarbonMeta expects to generate revenue from its carbon nanotube efforts and cement paver business as part of its waste upcycling strategies.

What is the current total liability of CarbonMeta Technologies (COWI)?

As of the latest announcement, CarbonMeta's total liabilities stand at approximately $25.8 million, down from over $40 million.

Who is the CEO of CarbonMeta Technologies (COWI)?

The CEO of CarbonMeta Technologies is Lloyd Spencer.