Global Warming Solutions Inc. Provides Update on OTC Market Status Change and Reaffirms Commitment to Compliance and Innovation
Global Warming Solutions Inc. (OTCQB: GWSO) has addressed the recent change in its market status to the OTC Expert Market due to a delay in filing its Form 10-Q. The company is taking immediate steps to rectify the situation and ensure full compliance with regulatory requirements. GWSO's internal teams and external advisors are working to expedite the completion and submission of the Form 10-Q, which is expected to be filed shortly.
Despite this administrative issue, GWSO maintains that it remains in a strong operational and financial position. The company's ongoing projects, partnerships, and strategic initiatives are progressing as planned, with several key milestones expected in the coming months. GWSO reaffirms its commitment to delivering innovative solutions to combat climate change and contribute to a sustainable future.
- Company maintains strong operational and financial position
- Ongoing projects and partnerships progressing as planned
- Key milestones expected in coming months
- Temporary change to OTC Expert Market status due to delayed Form 10-Q filing
- Potential impact on investor confidence and stock liquidity
Temecula, CA , July 17, 2024 (GLOBE NEWSWIRE) -- Global Warming Solutions Inc. (OTCQB: GWSO), a leader in developing innovative technologies to combat climate change, today addressed the recent change in its market status to the OTC Expert Market. This temporary change follows a delay in the filing of the company's Form 10-Q. GWSO is taking immediate and comprehensive steps to rectify the situation and ensure full compliance with regulatory requirements.
Global Warming Solutions Inc. experienced a delay in the timely submission of its Form 10-Q, resulting in a temporary change to the OTC Expert Market. The company is fully aware of the implications of this administrative delay and is taking proactive measures to complete the filing process promptly. The internal teams and external advisors have been mobilized to expedite the completion and submission of the Form 10-Q, which we anticipate will be submitted shortly. This swift action underscores our commitment to regulatory compliance and our determination to return to our previous market status as soon as possible.
“We understand the importance of timely and accurate filings for our investors and regulatory bodies. Our team is working diligently to address this delay and to implement additional safeguards to prevent such occurrences in the future,” said Michael Pollastro, President of Global Warming Solutions Inc. “This temporary status change does not reflect the underlying strength and potential of our business. Our innovative solutions to combat climate change continue to gain traction in the market, and our commitment to our mission remains steadfast.”
Despite this administrative issue, Global Warming Solutions Inc. remains in a strong operational and financial position. Our ongoing projects, partnerships, and strategic initiatives are progressing as planned, with several key milestones expected in the coming months.
Global Warming Solutions Inc. would like to thank its shareholders, partners, and customers for their continued support and patience during this period. Our commitment to delivering innovative solutions that address global warming and contribute to a sustainable future remains unwavering.
Michael Pollastro
Chief Executive Officer
Global Warming Solutions Inc.
mpollastro@gwsogroup.com
About Global Warming Solutions Inc.
Global Warming Solutions Inc. specializes in developing cutting-edge technologies for renewable energy storage and efficient hydrogen production. Committed to combating climate change and fostering a sustainable energy transition, GWSO is poised to lead the creation of environmentally friendly solutions. For more information, please contact: inquiries@gwsogroup.com This press release may contain forward-looking statements subject to risks and uncertainties. The actual results could vary significantly from those anticipated in these forward-looking statements. Forward-Looking Statements
This press release may include predictions, estimates, or other information that might be considered forward-looking within applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially.
You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as potential, expect, look forward, believe, dedicated, building or variations of such words and similar expressions are intended to identify forward-looking statements.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov
FAQ
Why did GWSO's market status change to OTC Expert Market?
When does GWSO expect to file its delayed Form 10-Q?
How does the market status change affect GWSO's operations?
What steps is GWSO taking to prevent future filing delays?
