Marketing Worldwide Corporation Cancels Forward Split to Focus on Expanding Stock Buy Back Programs

Rhea-AI Summary

Marketing Worldwide Corporation (OTC PINK: MWWC) has canceled its planned forward split following negative shareholder feedback. Instead, the company is expanding its stock buy-back program to reward shareholders. A unique buy-back feature linked to the $MNS token will enable the purchase of $MWWC stock in the open market. MWWC is also exploring #NaaS investments through platforms like #PowerNode and #ThorNodes, which could generate substantial monthly passive income and enhance the buy-back pool. CEO Jason Schlenk emphasized the potential for increased stock buy-back power and future token utility.

Positive

• Cancellation of forward split reflects responsiveness to shareholder feedback.
• Expansion of stock buy-back program aims to increase shareholder value.
• Unique buy-back feature associated with $MNS token enhances stock purchasing capability.
• Exploration of #NaaS investments could lead to significant passive income.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / March 3, 2022 / Marketing Worldwide Corporation, (OTC PINK:MWWC), 'the Company', has canceled its plans to execute a forward split.

Marketing Worldwide Corporation ('MWWC'), amid negative feedback from its shareholders has decided to cancel the planned forward split and expand its stock buy-back program in order to reward its Shareholders.

As previously announced, a unique buy-back feature attached to the $MNS token will allow the Company to purchase $MWWC stock in the open market and return it to the Company treasury. In an aggressive effort to further build and strengthen Marketing Worldwide stock, the Company has decided to explore #NaaS (Nodes As A Service) and invest in multiple platforms; such as, #PowerNode (https://powernode.io/) and #ThorNodes (https://www.thor.financial/) which could provide a significant passive income each month. This would allow $MWWC an opportunity to add tremendous value to the buy-back pool in a short period of time.

"By combining the $MNS #Minosis buy-back feature, and the #NaaS passive income investments to the stock purchase pool; we can rapidly increase our stock buy-back power. We also expect the #Minosis token will evolve into a usable currency on some other platforms we are currently testing, which could equate to expanded acquisitions and other product incubation in the near term" Jason Schlenk CEO.

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

View source version on accesswire.com:
https://www.accesswire.com/691401/Marketing-Worldwide-Corporation-Cancels-Forward-Split-to-Focus-on-Expanding-Stock-Buy-Back-Programs

FAQ

Why did Marketing Worldwide Corporation cancel its forward stock split?

Marketing Worldwide Corporation canceled its forward stock split due to negative feedback from its shareholders.

What is the new strategy for MWWC after canceling the forward split?

MWWC is expanding its stock buy-back program to reward shareholders instead of executing the forward split.

How does the $MNS token relate to MWWC's stock buy-back program?

The $MNS token features a buy-back mechanism allowing MWWC to purchase its stock in the open market and return it to the company treasury.

What platforms is MWWC investing in for generating passive income?

Marketing Worldwide Corporation is investing in platforms like #PowerNode and #ThorNodes to generate passive income.