OAT INC Announces Removal of Shell-Risk, and New Contract with J.F. Shea Corporation

Rhea-AI Summary

OAT INC announced the removal of its 'shell risk' status from OTC Markets, enhancing its market credibility. Additionally, the company secured a $716,000 construction contract with J.F. Shea Construction for a project at Eastern Municipal Water District in Riverside County, California. This contract originated from a proposal submitted on May 17, 2021. OAT INC specializes in HVAC services, focusing on air conditioning, heating, and ventilation systems, and is committed to working successfully with its partners.

Positive

• Removal of 'shell risk' enhances market credibility.
• Secured a $716,000 contract with J.F. Shea Construction.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / July 6, 2021 / OAT INC, a corporation that is currently specializing in HVAC, announces today the official removal of the "shell risk" from OTC Markets.

OAT INC is a company which provides service on air conditioning, heating, and ventilation. The company will continue on to strive for success.

On June 30, 2021, OAT INC (Olympic Air Tech) has been chosen to participate in a new $716,000 construction project with J.F. Shea Construction. The project is located at Eastern Municipal Water District, in Riverside County, California. This contract has been derived from our proposal dated 5/17/21.

We are looking forward to work successfully with J.F. Shea Construction. Thank you.

CONTACT

Brian Hwang
7029011936
oathvac@gmail.com

Cautionary Note: The news release contains forward-looking statements within the meaning of federal securities laws. The statements are based on current beliefs and looking-forward expectations that are subject to change. In addition, such anticipated statements are subject to suppositions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those expectations expressed in statements. Potential risks and uncertainties include, but not limited to, market conditions, government approvals, changes to proposed laws, and economic conditions within the industry. We do not take any obligation to update statements to reflect events after the statement was made.

SOURCE: OAT, INC

View source version on accesswire.com:
https://www.accesswire.com/654322/OAT-INC-Announces-Removal-of-Shell-Risk-and-New-Contract-with-JF-Shea-Corporation

FAQ

What does the removal of the 'shell risk' mean for OATN?

The removal of the 'shell risk' indicates that OAT INC has established greater credibility in the market, which can potentially attract more investors.

How much is the new contract awarded to OAT INC?

OAT INC was awarded a construction contract worth $716,000 with J.F. Shea Construction.

When was the proposal submitted for the new project by OAT INC?

The proposal for the project was submitted on May 17, 2021.

Where is the new construction project by OAT INC located?

The new construction project is located at Eastern Municipal Water District in Riverside County, California.

What services does OAT INC provide?

OAT INC specializes in HVAC services, including air conditioning, heating, and ventilation.