Marketing WorldWide Corporation prepares for User Test Protocol of the Minosis Platform

Rhea-AI Summary

Marketing Worldwide Corporation (OTC PINK:MWWC) is progressing towards user testing of its Minosis Mining Platform, following its acquisition of a community-based cryptocurrency ecosystem. CEO Jason Schlenk emphasized the importance of unbiased user feedback for refining the platform before its global launch. The company has allocated 250 million shares of restricted common stock for this acquisition. Additionally, MWWC aims to retire about 600 million shares from previous management to improve shareholder value.

Positive

• User testing of the Minosis Mining Platform is imminent, enabling potential feedback for improvement.
• Acquisition of the Minosis platform using 250 million shares signifies strategic expansion in the cryptocurrency sector.

Negative

• Shareholder dilution risk due to the issuance of 250 million restricted common shares for the acquisition.
• Potentially long lock-up period of 3 years on the restricted stock could limit liquidity.

CHEYENNE, WY / ACCESSWIRE / October 21, 2021 / Marketing Worldwide Corporation, (OTC PINK:MWWC), 'the Company', is preparing for User Test protocol for the Minosis Mining Platform.

Marketing Worldwide Corporation previously announced in a press release issued on October 13^th, 2021 that it had acquired a Community-based Crypto-currency Ecosystem and is excited to begin revealing additional details on the acquisition and future steps.

The mining platform is almost ready for user trials, which is the next phase in its development. "We are searching for unbiased feedback, that allows us to make necessary improvements and fine tune any quirks, prior to a complete global launch", said MWWC CEO Jason Schlenk.

The Company has established a registration page at www.minosis.co where test Users can sign-up for early access to the mining platform which should be available near term. Jason Schlenk continued, "Our goal is to make the installation and rig set-up as easy as possible and we believe we have accomplished that with the use of the Minosis Agent; in doing so, this will hopefully remove the complicated perceptions of using your laptop or desktop computer to mine crypto-currency."

Acquisition:

Marketing Worldwide has used 250 Million shares of restricted common stock held by CEO Jason Schlenk to acquire the Minosis platform, with a lock contingency of no-less than 3 years [36 months]. In consideration of the agreement, the company will pay 2.5% in perpetuity to the Minosis Corporation beginning in fiscal year two (2). As part of the anti-dilutive clause in the agreement, Minosis cannot remove the restrictive legend from the stock without the approval of Marketing Worldwide, and no shares can be sold without first giving Marketing Worldwide the opportunity to buy those common shares back at a pre-determined discount of the lowest market price in the prior 30 days.

Additional Share Retirement:

The Company is seeking to retire additional shares from the OS that are currently held by previous management; so far, roughly 600 million shares of restricted common stock have been identified and management is making every effort to reconcile with those individuals for a voluntary surrender of stock.

Marketing Worldwide wants to invite everyone to follow us on social media at the @MWWC_Official Twitter account.

Contact Information

Twitter: @MWWCOfficial
Email: LetsConnect@marketingworldwide.co
Website: www.marketingworldwide.co

Forward Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: MARKETING WORLDWIDE CORPORATION ("MWWC")

View source version on accesswire.com:
https://www.accesswire.com/669120/Marketing-WorldWide-Corporation-prepares-for-User-Test-Protocol-of-the-Minosis-Platform

FAQ

What is the latest news regarding MWWC as of October 2021?

Marketing Worldwide Corporation is preparing to begin user testing for its Minosis Mining Platform after acquiring a cryptocurrency ecosystem.

How will the Minosis Mining Platform affect MWWC's business?

The platform aims to simplify cryptocurrency mining for users, potentially expanding MWWC's market presence.

What shares were used in the acquisition of the Minosis platform?

MWWC used 250 million shares of restricted common stock for the acquisition.

What is the lock-up period for the shares acquired in the Minosis acquisition?

The lock-up period is set for no less than 3 years (36 months).

How many shares does MWWC plan to retire?

MWWC is seeking to retire approximately 600 million shares currently held by previous management.