One World Universe's Newly Created Subsidiary Officially Named Dysfunctional Rehabilitation Limited
One World Universe Inc. (OTC: OWUV) has announced the formation of a new subsidiary, Dysfunctional Rehabilitation Limited (DRL), aimed at reviving Expert Market listed companies. DRL will be led by CFO Caren D. Currier, who will generate revenue through flat fees or share equity. This initiative allows One World to rehabilitate distressed public companies and potentially prepare them for reverse mergers. The recent SEC rule change has opened opportunities for this venture, which could enhance investor confidence in OWUV's business model.
- Formation of Dysfunctional Rehabilitation Limited (DRL) to revive distressed companies.
- Revenue generation through flat fees and equity compensation for services.
- Potential for creating spin-off subsidiaries from rehabilitated companies.
- None.
HUNTINGTON BEACH, CA, Jan. 07, 2022 (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, is pleased to announce their newly formed subsidiary which will focus on the revival of Expert Market listed companies will be known as Dysfunctional Rehabilitation Limited (DRL).
As previously announced, DRL will be led by CFO, Caren D. Currier. One World shall generate revenue through charging a flat fee and/or receiving share equity in the rehabilitation company as compensation for services provided. If shares are the compensation, they will be part of a stock asset portfolio. One World Universe will also have the ability to use these new “cleaned up” vehicles to “spin off” subsidiaries or new projects when they qualify and are ready to trade as their own public entity.
“My most recent Expert Market company KAT Exploration Inc., where I am currently interim CEO, is a prime example of a successful transition as it was brought pink current last week. I can clean up dysfunctional public companies that need rehabilitation and get them back up and trading. Once I have them meet all necessary regulatory requirements, I can get them back current and prep them for a possible reverse merger. The recent rule change this past September has created a great opportunity for me to use my expertise and benefit One World,” stated Caren Currier CFO of OWUV.
On September 28, 2021, more than 2,000 publicly traded companies whose shares had been quoted on OTC Markets Group’s Pink Open Market were shifted to OTC Markets’ limited “Expert Market,” where stocks were essentially suspended from official trading, for failure to make current information about the company publicly available.
This action was the result of the SEC’s position that enhanced disclosure and investor protection were needed in the over-the-counter (OTC) markets, as reflected in the September 2020 amendment to Securities Exchange Act Rule 15c2-11. This rule prohibits dealers from publishing quotations for OTC securities to quotation mediums without first reviewing certain issuer financial information and ensuring that information is current and publicly available.
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
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