Premier Products Group Releases Expert Status Shareholder Update

Rhea-AI Summary

Premier Products Group (OTCBB:PMPG) announces updates to shareholders following its designation in the Expert market, limiting its stock to Unsolicited Quotes. The company is committed to rectifying this status and reinstating its previous standing by filing a 15(c) 211 through a broker dealer. With the recent Infrastructure Bill, PMPG aims to advance the Smart Roads and Cities initiative, believing they are poised for growth in this sector. They are forming partnerships to roll out their vision and express gratitude for shareholder patience.

Positive

• Positioned well to leverage the new Infrastructure Bill for advancing Smart Roads and Smart Cities.
• Plans to establish alliances to support future growth in the Smart Cities industry.

Negative

• Designation in the Expert market restricts stock trading to Unsolicited Quotes.
• Need for a 15(c) 211 filing raises concerns about regulatory compliance and future trading status.

WOODLAND HILLS, CA / ACCESSWIRE / November 19, 2021 / Premier Products Group (OTCBB:PMPG) Attention investors and shareholders in Premier Products Group, Inc. PMPG would like to take this time to update you on the progress that has taken place over the last few months. Undoubtedly you now know that the Company has been put into the Expert market designation which means that our stock is only eligible for Unsolicited Quotes only. We are working hard to rectify this situation. We would like to assure our shareholders that whether or not we are successful in a reinstatement, we will do whatever is necessary to bring the company back to where it was prior to this unfortunate event. If we are unsuccessful in a full reinstatement, we will take the necessary step to bring us back to the position we were prior to Sept 28, 2021. This will require PMPG to have a 15(c) 211 filed by a Broker Dealer. As for the future we want to assure you that we are moving ahead with our plans, just as we have been doing since day one and are making progress. We are not taking this lightly or letting this bump in the road derail our resolve to make PMPG a leader in the Smart Roads and Cities Industry and with your patience.

With the passage of the new Infrastructure Bill signed into law by President Biden we feel very strongly that we are in the right place at the right time to advance the updating of American Roads and Cities into Smart Roads, Smart Cities and Roadways and to bring Broadband services to the whole Country where they are so urgently needed. We have been working hard and have been putting together alliances and partnerships to work with us in rolling out our vision and over the next few years we believe PMPG will be the company synonymous with Smart Cities and Roads. Thank you for your Patience and Keep the Faith.

Safe Harbor Statement:

Except for historical information, certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions these forward-looking statements are qualified by other factors. The Company undertakes no obligation to publicly update any statements in this release.

CONTACT:

Tony Hicks
info@pmpginc.com
(818) 798-1878

SOURCE: Premier Products Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/673852/Premier-Products-Group-Releases-Expert-Status-Shareholder-Update

FAQ

What does the Expert market designation mean for PMPG?

The Expert market designation means PMPG's stock is limited to Unsolicited Quotes only, impacting trading and liquidity.

How is PMPG addressing its Expert market status?

PMPG is working on a 15(c) 211 filing through a broker dealer to regain its previous trading status.

What opportunities does the Infrastructure Bill create for PMPG?

The Infrastructure Bill allows PMPG to focus on advancing Smart Roads and Cities initiatives, with potential for significant growth.

What is PMPG's vision for the Smart Roads and Cities sector?

PMPG aims to become synonymous with Smart Cities and Roads, enhancing infrastructure and broadband services across the country.