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VeeMost Technologies Inc Announces Corporate Name, Ticker Symbol, and CUSIP change

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VeeMost Technologies Inc (OTC: VMST), formerly Global Developments Inc. (GDVM), announces FINRA approval for corporate name change and new ticker symbol. The changes, effective April 15, 2025, include a new CUSIP number: 922462106. The rebranding reflects the company's strategic focus on providing IT solutions including cloud computing, cybersecurity, managed IT services, and digital transformation solutions.

The transition aligns with VeeMost's evolution in delivering digital infrastructure services to enterprise and government clients. CEO Melvin Ejiogu emphasizes this change as a significant step in matching their public identity with their technological value proposition. Shareholders need not take action as existing share certificates remain valid, and brokerage accounts will automatically update to reflect the changes.

VeeMost Technologies Inc (OTC: VMST), precedentemente Global Developments Inc. (GDVM), annuncia l'approvazione da parte della FINRA per il cambio del nome aziendale e del nuovo simbolo di borsa. Le modifiche, efficaci dal 15 aprile 2025, includono un nuovo numero CUSIP: 922462106. Il rebranding riflette l'orientamento strategico dell'azienda nel fornire soluzioni IT, tra cui cloud computing, cybersecurity, servizi IT gestiti e soluzioni di trasformazione digitale.

La transizione è in linea con l'evoluzione di VeeMost nel fornire servizi di infrastruttura digitale a clienti aziendali e governativi. Il CEO Melvin Ejiogu sottolinea che questo cambiamento rappresenta un passo importante per allineare l'identità pubblica dell'azienda alla sua proposta di valore tecnologico. Gli azionisti non devono intraprendere alcuna azione, poiché i certificati azionari esistenti rimangono validi e i conti di intermediazione verranno aggiornati automaticamente per riflettere le modifiche.

VeeMost Technologies Inc (OTC: VMST), anteriormente Global Developments Inc. (GDVM), anuncia la aprobación de FINRA para el cambio de nombre corporativo y nuevo símbolo bursátil. Los cambios, efectivos a partir del 15 de abril de 2025, incluyen un nuevo número CUSIP: 922462106. El rebranding refleja el enfoque estratégico de la compañía en ofrecer soluciones de TI, incluyendo computación en la nube, ciberseguridad, servicios gestionados de TI y soluciones de transformación digital.

La transición está alineada con la evolución de VeeMost en la prestación de servicios de infraestructura digital a clientes empresariales y gubernamentales. El CEO Melvin Ejiogu destaca que este cambio es un paso importante para alinear la identidad pública con su propuesta de valor tecnológica. Los accionistas no necesitan tomar ninguna acción, ya que los certificados de acciones existentes siguen siendo válidos y las cuentas de corretaje se actualizarán automáticamente para reflejar los cambios.

VeeMost Technologies Inc (OTC: VMST), 이전 명칭 Global Developments Inc. (GDVM),가 기업명 변경 및 새로운 티커 심볼에 대해 FINRA 승인을 받았음을 발표합니다. 2025년 4월 15일부터 적용되는 이번 변경 사항에는 새로운 CUSIP 번호 922462106이 포함됩니다. 이번 리브랜딩은 클라우드 컴퓨팅, 사이버 보안, 관리형 IT 서비스, 디지털 전환 솔루션 등 IT 솔루션 제공에 대한 회사의 전략적 집중을 반영합니다.

이번 전환은 기업 및 정부 고객에게 디지털 인프라 서비스를 제공하는 VeeMost의 진화와 일치합니다. CEO Melvin Ejiogu는 이번 변경이 회사의 공적 정체성을 기술적 가치 제안과 맞추는 중요한 단계임을 강조합니다. 주주들은 별도의 조치를 취할 필요가 없으며, 기존 주식 증명서는 유효하며 중개 계좌는 자동으로 변경 사항을 반영하도록 업데이트됩니다.

VeeMost Technologies Inc (OTC : VMST), anciennement Global Developments Inc. (GDVM), annonce l'approbation de la FINRA pour le changement de nom de l'entreprise et le nouveau symbole boursier. Ces changements, effectifs à partir du 15 avril 2025, incluent un nouveau numéro CUSIP : 922462106. Le rebranding reflète l'orientation stratégique de la société vers la fourniture de solutions informatiques, notamment le cloud computing, la cybersécurité, les services informatiques gérés et les solutions de transformation digitale.

Cette transition s'inscrit dans l'évolution de VeeMost dans la fourniture de services d'infrastructure numérique aux clients entreprises et gouvernementaux. Le PDG Melvin Ejiogu souligne que ce changement constitue une étape importante pour aligner l'identité publique de l'entreprise avec sa proposition de valeur technologique. Les actionnaires n'ont aucune démarche à effectuer, car les certificats d'actions existants restent valides et les comptes de courtage seront automatiquement mis à jour pour refléter ces changements.

VeeMost Technologies Inc (OTC: VMST), ehemals Global Developments Inc. (GDVM), gibt die FINRA-Zulassung für die Änderung des Firmennamens und des neuen Börsensymbols bekannt. Die Änderungen treten am 15. April 2025 in Kraft und beinhalten eine neue CUSIP-Nummer: 922462106. Das Rebranding spiegelt den strategischen Fokus des Unternehmens wider, IT-Lösungen wie Cloud-Computing, Cybersicherheit, Managed IT-Services und digitale Transformationslösungen anzubieten.

Der Übergang steht im Einklang mit VeeMosts Weiterentwicklung bei der Bereitstellung digitaler Infrastrukturdienste für Unternehmens- und Regierungs­kunden. CEO Melvin Ejiogu betont, dass dieser Schritt wichtig ist, um die öffentliche Identität mit dem technologischen Wertangebot in Einklang zu bringen. Aktionäre müssen keine Maßnahmen ergreifen, da bestehende Aktienzertifikate weiterhin gültig sind und Brokerage-Konten automatisch aktualisiert werden, um die Änderungen widerzuspiegeln.

Positive
  • Strategic rebranding aligns company identity with core business focus
  • Expanded service portfolio in high-growth IT sectors
  • Established presence in both commercial and government sectors
Negative
  • None.

Red Bank, NJ, April 14, 2025 (GLOBE NEWSWIRE) -- VeeMost Technologies Inc. (OTC: VMST), a leading provider of cutting-edge IT solutions, is pleased to announce that the Financial Industry Regulatory Authority (FINRA) has approved the Company’s official name change from Global Developments, Inc. to VeeMost Technologies Inc., along with a corresponding change in its ticker symbol from GDVM to VMST. These changes were published on the OTC Markets Daily List on April 14, 2025, and will take effect at the open of business on April 15, 2025.

In addition to the name and ticker change, the Company has also received approval for a new CUSIP number: 922462106, which will be reflected across all trading and depository systems starting April 15, 2025.

This rebranding aligns with the Company’s transformation and renewed strategic focus on delivering innovative, secure, and scalable digital infrastructure services to enterprise and government clients. Over the past several years, VeeMost Technologies has expanded its service offerings to include cloud computing, cybersecurity, managed IT services, and digital transformation solutions.

“The change to VeeMost Technologies Inc. and our new ticker symbol VMST represents a major step forward in aligning our public identity with the technological value we provide our customers,” said Melvin Ejiogu, CEO of VeeMost Technologies Inc. “This milestone signals our growth, our focus, and our commitment to increasing shareholder value as we move forward under a name that truly reflects our core mission and vision.”

Shareholders are not required to take any action with respect to the name, ticker symbol, or CUSIP change. Existing share certificates will remain valid, and brokerage accounts will be automatically updated to reflect the new information.

VeeMost Technologies remains committed to delivering industry-leading IT solutions and looks forward to continued growth, new partnerships, and strategic opportunities as it expands its footprint in both the commercial and public sectors.

About VeeMost Technologies Inc.

VeeMost Technologies Inc. (OTC: VMST) is a technology solutions provider offering a wide range of IT consulting, cloud, cybersecurity, and infrastructure services to commercial enterprises and government agencies. With a strong focus on innovation and customer success, VeeMost enables organizations to modernize and secure their IT environments to meet the demands of the digital age.

For more information, please visit: https://www.veemost.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.

CONTACT: VeeMost Technologies Inc.
info@veemost.com


FAQ

When will VeeMost Technologies' new ticker symbol VMST replace GDVM?

The new ticker symbol VMST will replace GDVM at the open of business on April 15, 2025.

What is VeeMost Technologies' new CUSIP number after the change?

The new CUSIP number is 922462106, effective April 15, 2025.

Do shareholders need to take any action regarding the GDVM to VMST ticker change?

No, shareholders don't need to take any action. Existing share certificates remain valid and brokerage accounts will automatically update.

What services does VeeMost Technologies offer after the rebranding?

VeeMost Technologies offers cloud computing, cybersecurity, managed IT services, and digital transformation solutions for enterprise and government clients.
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