One World Universe, Inc. Completes Share Buyback of 5 Million Common Shares

Rhea-AI Summary

One World Universe (OTC: OWUV) announced the completion of its share buyback program, repurchasing 5 million common shares. CFO Caren Currier confirmed that the shares will be transferred back to the treasury in a three-step process starting post-New Year.

This buyback reflects the company's commitment to enhancing shareholder value. Management plans to provide frequent updates on ongoing developments and potential announcements related to the buyback and other business activities.

Positive

• Completion of 5 million share buyback enhances shareholder value.
• Management's commitment to transparency with daily updates on company developments.

Negative

• None.

HUNTINGTON BEACH, CA, Dec. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- One World Universe Inc. (OTC: OWUV), a publicly traded company that invests in sports related businesses, distressed assets, business opportunities within emerging industries such as the Metaverse and providing humanitarian efforts in over 185 countries, announced today that management has completed its share buyback of 5 million common shares.  

“As promised, the CEO and I have reached our commitment of buying back 5 million shares. I have spoken to the transfer agent and will begin a 3-step process of transferring these common shares back into the treasury which will commence after the new year,” stated Caren Currier, CFO of One World Universe.

The company is feverishly attempting to deliver on previously mentioned commitments. Management anticipates daily updates and does not rule out the possibility of multiple daily announcements based on the fluidity of timely developments, completed agreements, negotiations and delivered information. 

For further updates and information, shareholders are asked to follow our social media accounts on twitter at www.twitter.com/JCHC_UPWT and www.twitter.com/OneWorldU or visit our websites at www.oneworlduniverseinc.com and www.JCHoldingCorp.com.

About One World Universe, Inc.

One World Universe (OTC:OWUV) is a California corporation whose mission driven business is implementing global humanitarian efforts through the profits generated from the sales of products and services to improve people's lives living in the harshest environments and their communities. Our company has contributed valuable resources such as access to (PPE) personal protective equipment, medications, vaccines, and educational support programs where play and basic necessities are essential.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com

Investor Relations Contact

Dana Salzarulo

Director Investor Relations

Info@jcholdingcorp.com 

1-833-333-5242 Office

FAQ

What is the purpose of One World Universe's share buyback program?

The share buyback program aims to enhance shareholder value by reducing the number of shares outstanding.

How many shares did One World Universe buy back?

One World Universe bought back 5 million common shares.

When will the shares be transferred back to the treasury?

The share transfer back to the treasury will commence after the New Year, following a three-step process.

How will the buyback impact One World Universe's stock price?

The buyback could potentially increase the stock price by reducing share supply and signaling confidence in the company's future.