Gourmet Provisions International Corp. (GMPR) Announces they have Lowered the Authorized Shares from 3 Billion to 275 Million
Gourmet Provisions International Corporation (OTCPK:GMPR) announced a significant reduction of its Authorized Common Shares from 3 billion to 275 million, filed with the State of Delaware on February 1. This move is aimed at creating a more shareholder-friendly structure. CEO James Vowler expressed optimism for the company's future growth, indicating upcoming announcements including Noteholder Lock-Up agreements. Current share metrics show approximately 50 million shares issued, with a recent quarterly profit of $233,000. GMPR continues to enhance its product lineup and partnerships, including with a NY Times Best Selling Author.
- Reduction of Authorized Shares from 3 billion to 275 million enhances shareholder value.
- Reported quarterly profit of $233,000 indicates financial stability.
- Current share structure now includes approximately 50 million shares issued.
- Anticipated announcements regarding Noteholder Lock-Up agreements signal potential growth.
- None.
PITTSBURGH, PA / ACCESSWIRE / February 4, 2021 / Gourmet Provisions International Corporation (OTCPK:GMPR) today announced they have lowered the Authorized Common Shares from 3 Billion to 275 Million. They filed the corporate action with the State of Delaware on Monday, February 1st, received the File Stamped document from Delaware, and filed the substantial lowering of Authorized shares with Pacific Stock Transfer on Wednesday.
James Vowler, President & CEO of Gourmet Provisions International Corp., stated, "We are very excited to lower the Authorized Shares to a much more shareholder-friendly and growth-inducing share structure. We are restructuring & positioning the company to make some huge news this year, including the signed lock-up agreements from our current Noteholders. We anticipate releasing an 8k filing and formal announcement next week with the complete details of the Noteholder Lock-Up Agreements."
About Gourmet Provisions International Corporation:
Gourmet Provisions International Corp. brought on Jack Brewer as GMPR's Brand Ambassador & Brewer Media & Entertainment Group in October of 2017. Brewer Media Group was brought on to help build all aspects of the many Gourmet brands. With a primary focus on the increase of online and retail sales, social media presence and overall content, public persona, and awareness, acquire acquisition opportunities and much more. The company has five wholly-owned subsidiaries Jose Madrid Salsa, Pizza Fusion, Unique Tap House, Unique Foods CBD Edibles & PopsyCakes and has a Licensing agreement with Christopher Street Products.
Company Share Structure and Financials
In addition, we want to update shareholders regarding our existing share structure, etc. The current total shares issued and outstanding for Gourmet Provisions International Corp. (GMPR) is approximately 50 million, with 15+ million restricted and 35 million in the public float; 2020 3rd quarterly financials posted onto the OTC in December with strong revenues,
Gourmet Provisions International has also developed a partnership with a NY Times Best Selling Author & Popular Comedian to help establish and launch a Gourmet line of food products, starting with his own personal line of Pancake Mix & Syrup, all under his custom brand (exciting full details coming in a press release soon).
Pizza Fusion Gourmet Provisions International Corp. acquired the multi award-winning Pizza Fusion brand, with existing locations in the US & Saudi Arabia, in March 2019.In 2006, Pizza Fusion changed the pizza industry with its award-winning organic, gluten-free delicious healthy pizzas, with a big emphasis on every product and location, keeping to the company's motto ‘Saving the Earth one Pizza at a Time!'.
GMPR announced earlier in December the launch of three Gourmet restaurant-quality frozen pizzas under the Pizza Fusion brand:
The "Four Cheese" Pizza starts with our custom rich tomato sauce made from premium quality tomatoes & extra virgin olive oil, topped with real Mozzarella, Romano, savory Asiago, and our hearty Parmesan cheeses all of this baked on top of OGGI Foods award-winning, custom, gluten-free Spinach Crust;
The "Founders Pie" Pizza is topped with our custom made pizza sauce, extra virgin olive oil, Oregano, Basil, real Mozzarella, Romano, Asiago & Parmesan cheeses, imported cherry tomatoes from Italy, diced red onions, fresh spinach on top of OGGI Foods custom gluten-free Broccoli Crust;
"The Vegan" Pizza is what is for dinner if your family is looking for a restaurant-quality, healthy, gluten-free, vegan pizza, our new "The Vegan" pizza checks all of the boxes! This scrumptious pizza comes with our fresh tomato sauce, imported from Italy Grilled & Fire Roasted Zucchini, Eggplant, Red & Yellow Peppers, diced White Onions & Tomatoes, Beyond Meat Plant-based Beef & Sausage Crumbles, topped with our signature Vegan Mozzarella & Parmesan Cheeses, all of this deliciousness on top of OGGI Foods custom gluten-free hand-stretched Beets Crust.
PopsyCakes"The First & Only Cupcake on a Pretzel" debuted their new PopsyBites on Fox News Channel's popular show "The Five," and the new bite-size gourmet treat has been a big hit ever since in retail. The company signed a 50/50 partnership deal with a Pittsburgh based
Christopher Street Products "Supporting the LGBT Community" sold out 15+ Unique products in HomeGoods, Wine Enthusiasts Magazine rated the Christopher Street Cabernet Sauvignon an outstanding 90, added distribution through Winelife Distributors NYC. Gourmet Provisions is partnering with a world-renowned cosmetic manufacturer to produce an exclusive line of high-end lipstick (exciting full details in a press release soon).
Jose Madrid Salsa, "The Healthy Fundraiser", has continued to dominate in the fundraising category, expanded its Ohio offices & production facility, recently purchased a custom delivery vehicle and will be expanding into many retail outlets throughout the US & Canada (shareholders will be given more updates on this food brand soon).
Twitter:
@PizzaFusion
@GourmetProvInt
@MadridSalsa
@PopsyCakes
@UniquePizzaTapH
@ChristopherS_T_
Instagram:
instagram.com/gourmet_provisions_int
Websites:
Jose Madrid Salsa: http://www.JoseMadridSalsa.com
Christopher Street Products: https://i09321.wixsite.com/christopherstreetnyc
Safe Harbor Act:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions. There are no financials in this press release so this is not needed and undermines the release.
For Gourmet Provisions International Corp. Investor Relations contact: InvestorInformation@UniqueFoods.Co
SOURCE: Gourmet Provisions International Corp.
View source version on accesswire.com:
https://www.accesswire.com/627793/Gourmet-Provisions-International-Corp-GMPR-Announces-they-have-Lowered-the-Authorized-Shares-from-3-Billion-to-275-Million
FAQ
What is the significance of GMPR lowering its Authorized Shares?
What recent financial results did GMPR report?
When did GMPR file the reduction of Authorized Shares?
What future announcements can GMPR investors expect?
