Naples Soap Company Announces Reverse Stock Split
Naples Soap Company (OTCQB: NASOD) has announced a 700-to-1 reverse stock split, effective October 4, 2024. This strategic move aligns with the company's long-term restructuring goals. The stock symbol will temporarily change to NASOD before reverting to NASO after 20 days.
CEO Deanna Wallin emphasized that this decision was made to support shareholders' long-term interests and position the company for future growth. Naples Soap Company has been achieving significant milestones, including:
- National expansion of its wholesale business
- Upgrading to Shopify for POS and Ecommerce
- Developing new product lines using NASA-engineered 3D botanical stem cell technology
The company remains committed to delivering value to customers and shareholders while pursuing leadership in the natural skincare industry.
Naples Soap Company (OTCQB: NASOD) ha annunciato un raggruppamento delle azioni di 700 a 1, in vigore dal 4 ottobre 2024. Questa mossa strategica si allinea con gli obiettivi di ristrutturazione a lungo termine dell'azienda. Il simbolo azionario cambierà temporaneamente in NASOD prima di tornare a NASO dopo 20 giorni.
Il CEO Deanna Wallin ha sottolineato che questa decisione è stata presa per sostenere gli interessi a lungo termine degli azionisti e posizionare l'azienda per una crescita futura. Naples Soap Company ha raggiunto traguardi significativi, tra cui:
- Espansione nazionale della sua attività all'ingrosso
- Aggiornamento a Shopify per POS ed Ecommerce
- Sviluppo di nuove linee di prodotti utilizzando la tecnologia delle cellule staminali botaniche 3D ingegnerizzate dalla NASA
L'azienda rimane impegnata a fornire valore ai clienti e agli azionisti mentre persegue la leadership nel settore della skincare naturale.
Naples Soap Company (OTCQB: NASOD) ha anunciado un split de acciones inverso de 700 a 1, efectivo el 4 de octubre de 2024. Este movimiento estratégico se alinea con los objetivos de reestructuración a largo plazo de la compañía. El símbolo de las acciones cambiará temporalmente a NASOD antes de volver a NASO después de 20 días.
La CEO Deanna Wallin enfatizó que esta decisión se tomó para apoyar los intereses a largo plazo de los accionistas y posicionar a la compañía para un crecimiento futuro. Naples Soap Company ha logrado hitos significativos, incluyendo:
- Expansión nacional de su negocio mayorista
- Actualización a Shopify para POS y Ecommerce
- Desarrollo de nuevas líneas de productos utilizando la tecnología de células madre botánicas 3D diseñada por NASA
La compañía sigue comprometida a ofrecer valor a clientes y accionistas mientras persigue el liderazgo en la industria del cuidado de la piel natural.
나폴리 비누 회사 (OTCQB: NASOD)는 2024년 10월 4일부터 효력이 발생하는 700 대 1의 주식 병합을 발표했습니다. 이 전략적 조치는 회사의 장기 재편성 목표와 일치합니다. 주식 기호는 20일 후 NASO로 되돌아가기 전에 일시적으로 NASOD로 변경됩니다.
CEO 디안나 월린은 이 결정이 주주들의 장기적인 이익을 지원하고 회사의 향후 성장을 위한 기반을 마련하기 위해 이루어졌다고 강조했습니다. 나폴리 비누 회사는 다음을 포함하여 중요한 이정표를 달성해왔습니다:
- 도매 사업의 국가적 확장
- POS 및 전자상거래를 위해 Shopify로 업그레이드
- NASA에서 개발한 3D 식물 줄기 세포 기술을 사용한 새로운 제품 라인 개발
회사는 고객과 주주에게 가치를 제공하고 자연 스킨케어 산업에서의 리더십을 추구하는 데 계속 전념하고 있습니다.
Naples Soap Company (OTCQB: NASOD) a annoncé un rachat d'actions au ratio de 700 pour 1, effectif le 4 octobre 2024. Cette décision stratégique s'inscrit dans les objectifs de restructuration à long terme de l'entreprise. Le symbole boursier changera provisoirement en NASOD avant de revenir à NASO après 20 jours.
La PDG Deanna Wallin a souligné que cette décision a été prise pour soutenir les intérêts à long terme des actionnaires et positionner l'entreprise pour une croissance future. Naples Soap Company a atteint des jalons significatifs, y compris :
- Expansion nationale de son activité de gros
- Mise à niveau vers Shopify pour les ventes au détail et le commerce électronique
- Développement de nouvelles gammes de produits utilisant une technologie de cellules souches botaniques 3D conçue par la NASA
L'entreprise reste engagée à offrir de la valeur à ses clients et actionnaires tout en poursuivant la leadership dans l'industrie des soins de la peau naturels.
Naples Soap Company (OTCQB: NASOD) hat einen 700 zu 1 Aktiensplit angekündigt, der am 4. Oktober 2024 wirksam wird. Dieser strategische Schritt steht im Einklang mit den langfristigen Restrukturierungszielen des Unternehmens. Das Aktiensymbol wird vorübergehend in NASOD geändert, bevor es nach 20 Tagen wieder zu NASO zurückkehrt.
CEO Deanna Wallin betonte, dass diese Entscheidung getroffen wurde, um die langfristigen Interessen der Aktionäre zu unterstützen und das Unternehmen für zukünftiges Wachstum zu positionieren. Naples Soap Company hat bedeutende Meilensteine erreicht, darunter:
- Die nationale Expansion des Großhandelsgeschäfts
- Umstieg auf Shopify für POS und Onlinehandel
- Entwicklung neuer Produktlinien mit NASA-engineered 3D pflanzlichen Stammzellentechnologie
Das Unternehmen bleibt engagiert, um Kunden und Aktionären Wert zu bieten, während es die Führung in der Branche für natürliche Hautpflege anstrebt.
- Strategic 700-to-1 reverse stock split to support long-term restructuring goals
- National expansion of wholesale business
- Upgrade to Shopify for POS and Ecommerce operations
- Development of new product lines using NASA-engineered 3D botanical stem cell technology
- Temporary change in stock symbol, potentially causing confusion for investors
The timing of this restructuring reflects Naples Soap Company’s intention to navigate market challenges and position itself for future growth while maintaining transparency with its shareholders.
"Our decision on the reverse split was not made lightly," said Deanna Wallin, CEO of Naples Soap Company. "We took a calculated approach to ensure that when we did restructure, it would be at the right time to support the long-term interests of our shareholders. Our goal is to leverage this momentum to bolster our financial performance, with the intent of repositioning Naples Soap Company for future growth.”
Naples Soap Company continues to achieve significant milestones in its business operations, including national expansion of its wholesale business, upgrades to its core operating platform to Shopify for POS and Ecommerce, and the development of new product lines utilizing NASA engineered 3D botanical stem cell technology. The Company is committed to delivering value to its customers and shareholders while continuing to pursue its vision of becoming a leader in the natural skincare industry.
About Naples Soap Company
Founded in 2009, Naples Soap Company specializes in creating premium quality products for skin and hair. With a commitment to using only the finest ingredients, the Company has built a loyal customer base that appreciates its dedication to sustainability and wellness.
Forward-Looking Statements
This press release may contain forward-looking statements regarding future events and the future financial performance of Naples Soap Company. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties. Actual outcomes and results may differ materially from those expressed in forward-looking statements due to a number of factors, including market conditions and regulatory changes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241004790263/en/
Kathy Cusumano
President
E: ka@hanoverintlinc.com
Source: Naples Soap Company
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