Metrospaces Announces It Has Initiated Process to Become Current Alternative Reporting

Rhea-AI Summary

Metrospaces, Inc. (OTC: MSPC) has applied to begin its financial statement Disclosure Service with OTC Markets. The company aims to regain 'Current' status as an alternative reporter on the OTC Markets by addressing accounting, legal, and filing obligations. CEO Mr. Brito expressed confidence in completing these actions before June 30, 2021. Once approved, Metrospaces plans to file financial statements regularly, ensuring transparency and compliance for shareholders.

Positive

• Application submitted to regain 'Current' status on OTC Markets.
• Plans to file financial statements steadily, enhancing transparency.

Negative

• No assurance of timely approval from OTC Markets.

NEW YORK, NY, Feb. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Metrospaces, Inc. (OTC: MSPC) has sent in an application to begin financial statement Disclosure Service with OTC Markets.

Mr. Brito said: “The company now has all the needed resources to finalize accounting, legal and filing obligations to regain “Current” status as an alternative reporter (“Pink Sheets”) on OTC Markets.  We have sent in our application with OTC Markets and are now waiting for their approval.  Once we obtain the approval, we will start filing our financial statements in a steady form and expect to perform all necessary filings to become “Current” well before June 30, 2021.”

Relevant Links: 

http://metrospaces.com/

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Metrospaces Inc.

Contacts:

Ph: (646) 630-0927                                    

investors@metrospaces.net

Source: Metrospaces, Inc.

www.metrospaces.com

FAQ

What is Metrospaces, Inc.'s recent announcement regarding financial disclosures?

Metrospaces, Inc. has applied for a financial statement Disclosure Service with OTC Markets to regain 'Current' status.

What is the significance of Metrospaces, Inc. regaining 'Current' status on OTC Markets?

Regaining 'Current' status allows Metrospaces to enhance transparency and credibility with investors.

When does Metrospaces, Inc. expect to complete its filings to become 'Current'?

Metrospaces aims to complete its filings before June 30, 2021.

What is the stock symbol for Metrospaces, Inc.?

Metrospaces, Inc. trades under the stock symbol MSPC.