HVCW, Modern Pro Solutions, Terminates Regulation A Offering

Rhea-AI Summary

Harrison, Vickers & Waterman (HVCW) has terminated its Regulation A offering, which included 12.5 billion shares priced at $0.0004 each, aiming for a maximum of $5 million. CEO Bobby Tetsch stated the decision was made to pursue less dilutive capital-raising methods, responding to shareholder feedback. The company recently filed financials and anticipates removing its limited information tag, returning to fully reporting status. Established in 2016, Modern Pro Solutions has rapidly grown into a leading home services company across multiple states, emphasizing customer satisfaction and strategic planning.

Positive

• Termination of the Regulation A offering may prevent shareholder dilution.
• CEO's commitment to finding better capital-raising methods shows responsiveness to shareholders.
• The company is moving towards a fully reporting status, enhancing transparency.
• Modern Pro Solutions has demonstrated year-over-year revenue growth.

Negative

• None.

CHINO, CA / ACCESSWIRE / February 28, 2023 / Harrison, Vickers & Waterman, Inc. ("HVCW"), through its operating subsidiary, Pacific Energy Network LLC, d/b/a Modern Pro Solutions ("MPS"), (together the "Company") (OTC PINK:HVCW) announces termination of its Regulation A offering.

There were 12,500,000,000 Shares being offered at a price of $0.0004 per Share with a minimum purchase of 10,000,000 shares per investor. The maximum aggregate amount of the Shares offered was $5,000,000 (the "Maximum Offering"). CEO, Bobby Tetsch, states, "The company has found better ways to raise capital that is less dilutive to shareholders. We have listened to our shareholders, and this will ultimately be in the best interest for current and future stockholders."

The company also filed its financials last week. The limited information tag should be removed at any moment and return to fully reporting status.

About Modern Pro Solutions

Founded in 2016, Pacific Energy Network LLC, d/b/a Modern Pro Solutions, has quickly become one of the largest and most successful home services companies in the nation with a footprint across multiple states. With a focus on customer satisfaction and strategic business planning, MPS has grown into a multi-product business that has increased revenue year over year and expanded its reach into new markets across the United States.

For further information, please visit the Modern Pro Solutions website at www.joinmps.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe MPS's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond HVCW and MPS's control, will affect actual results. HVCW and MPS undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with HVCW's most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by HVCW.

For More Information Contact

Investor Relations

Scott Martin
investorrelations@joinmps.com

SOURCE: Harrison Vickers and Waterman, Inc.

View source version on accesswire.com:
https://www.accesswire.com/741118/HVCW-Modern-Pro-Solutions-Terminates-Regulation-A-Offering

FAQ

Why did HVCW terminate its Regulation A offering?

HVCW terminated its Regulation A offering to find less dilutive ways to raise capital, as stated by CEO Bobby Tetsch.

What was the maximum amount targeted in the HVCW offering?

The maximum amount targeted in the HVCW offering was $5 million, with 12.5 billion shares available at a price of $0.0004 each.

When did HVCW announce its financial filings?

HVCW announced its financial filings shortly before the termination of the Regulation A offering on February 28, 2023.

What business does Modern Pro Solutions engage in?

Modern Pro Solutions, a subsidiary of HVCW, operates in the home services sector, focusing on customer satisfaction and business expansion.

What is the significance of HVCW's transition to fully reporting status?

The transition to fully reporting status is expected to enhance transparency and provide investors with more comprehensive information on the company's performance.