Element Global, Inc. Hires Richard Jones of Jones & Haley, P.C. as a Legal Advisor to Assist with the Upgrade of its Status on OTC Markets

Rhea-AI Summary

Element Global announces the hiring of Richard Jones from Jones & Haley as a legal advisor to assist in upgrading its OTC Markets status. Jones, a seasoned securities lawyer and former SEC staff attorney, holds the DAD designation for OTC Markets. He has extensive experience in helping public companies achieve listing and uplisting goals. Management believes this uplift will enhance the company’s disclosures, financial reporting, and communication with the investment community, ultimately benefiting shareholders.

Positive

• Element Global (ELGL) hires experienced securities lawyer Richard Jones with DAD designation for OTC Markets.
• Richard Jones has a strong track record in helping companies achieve listing and uplisting objectives.
• Management expects the upgrade to improve financial reporting and disclosures.
• Better communication with the investment community is anticipated as a result of the uplift.

Negative

• The press release lacks specific timelines for the upgrade process.
• No immediate financial benefits or projections are mentioned.
• Hiring a legal advisor implies additional expenses for the company.

VIRGINIA BEACH, Va., June 06, 2024 (GLOBE NEWSWIRE) -- Element Global, Inc. (OTC: ELGL) ($ELGL) announces it has retained Richard (“Rick”) Jones of Jones & Haley, P.C., a seasoned securities lawyer and former SEC Staff attorney, to assist the Company with its plan to upgrade its listing designation on OTC Markets. With decades of legal and financial expertise in guiding public companies, Jones holds the DAD (Attorney Designated Advisor for Disclosure) designation for OTC Markets. Renowned in the public company deal flow arena, Jones has helped numerous companies achieve their listing and uplisting objectives.

Management believes that the uplift of ELGL to the alternative reporting market is essential for the benefit of the Company and its shareholders. Management believes that this uplift process will result in improvements in the Company’s disclosures, and especially its financial reporting, and will improve the timing and depth of its communications with the “Street”.

About Element Global, Inc. (OTC: ELGL) ($ELGL):

Element Global, Inc. (OTC: ELGL) ($ELGL) is a publicly traded holding company with business interests in mining, renewable energy, technology, sports, and media. Our mission is to assemble a group of world-class companies that complement each other and can capitalize on both domestic and international opportunities in these sectors and beyond. As new energy and smart digital technologies converge globally, ELGL is positioning itself as a leading holding company and delivering on the global demand in these markets - www.elementglobal.com.

About Jones & Haley, P.C.:

Jones & Haley, P.C. is located in Atlanta, Georgia, and its attorneys have years of experience advising clients on securities issues, mergers and acquisitions, general corporate matters, and exchange listing issues.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements. The timing could be delayed or the uplisting may be unsuccessful for the potential uplisting described in today's announcement.

Corporate Contact:

Element Global, Inc.
www.elementglobal.com
info@elementglobal.com
757-306-6090

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dbb78ce-c3fe-477b-8fe7-dd68c18060b4

FAQ

What is the significance of Element Global hiring Richard Jones?

Element Global hired Richard Jones to assist in upgrading its OTC Markets listing, leveraging his extensive experience in securities law and public company uplisting.

When was the press release about Element Global's new legal advisor published?

The press release was published on June 6, 2024.

What designation does Richard Jones hold that is relevant to Element Global's plans?

Richard Jones holds the DAD (Attorney Designated Advisor for Disclosure) designation for OTC Markets.

How does Element Global expect the upgrade to OTC Markets to benefit shareholders?

The upgrade is expected to improve the company's disclosures, financial reporting, and communication with the investment community.

What is the stock symbol for Element Global?

The stock symbol for Element Global is ELGL.