Solidus Communications, Inc. is Pleased to Report on Direction, Growth, and Acquisitions
Solidus Communications, Inc. (OTCPK: QBAND), soon to be trading under the new ticker symbol 'SLDC', marks 2023 as a defining year with significant corporate actions. As announced on April 18, 2023, the company has completed financial audits for 2015 and 2016, aligning with SEC requirements. Solidus has divested its non-telecommunication subsidiary, Naked Papers Brand, allowing a focused strategy on telecommunication technologies. Moreover, the SEC has qualified Solidus' Regulation A prospectus to fund acquisitions of two targeted candidates, aimed at enhancing revenue and progressing towards a major board up listing. The ongoing 10-month upgrade of its subsidiary, Wireless Florida, Inc., aims to provide advanced Fixed Wireless services using Tarana Wireless technology, enabling high-speed broadband in rural Florida.
- Completed financial audits for 2015 and 2016, ensuring compliance with SEC regulations.
- Divestiture of Naked Papers Brand allowing a focused strategy on telecommunications.
- SEC qualification of Regulation A prospectus to fund two acquisitions.
- Significant enhancements to Wireless Florida, Inc. infrastructure aimed at providing high-speed broadband.
- None.
ORMOND BEACH, FL, April 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Solidus Communications, Inc. (“Solidus” or the “Company”) (OTCPK: QBAND) (OTCPK: SLDC) is pleased to report on direction, growth, and acquisitions.
Dear Shareholders,
Solidus Communications is pleased to announce the following completed goals. 2023 will be a pivotal year for Solidus Communications.
FINRA announced the Company’s corporate action/name change to Solidus Communications, Inc., and its new ticker symbol, “SLDC”. SLDC will become effective on/after 4/24/2023.
Solidus Communications completed its audit of financial statements for the years 2015, and 2016, bringing the company into compliance with prior SEC requirements.
Solidus Communications divested its non-telecommunication related subsidiary, Naked Papers Brand during Q1 of 2023. “The divestiture of Naked Papers Brand enables the company to continue to focus solely on consumer facing telecommunication technologies and services,” said CEO, William Sanchez.
The Securities and Exchange Commission qualified Solidus Communications’ Regulation A prospectus. “The SECs qualification of the company’s Regulation A circular permits Solidus to fund its acquisition of two target candidates of which we are already in communication with,” stated CEO William Sanchez.
“Acquisitions are an important source of growth for Solidus Communications. As 2023 progresses, with the funds raised from the Reg A initiative and the acquisitions, Solidus Communications will increase its annual revenue and complete another milestone towards its stated goal of up listing to a major board. We are on the right path towards up listing, and the Company’s persistence in this matter can be gleaned from our history, we will prevail”, said CEO, William Sanchez.
Advanced Satellite Systems, Inc. doing business as Wireless Florida, Inc., a subsidiary of Solidus Communications is close to the completion of a 10-month overhaul of its core infrastructure.
Solidus is re-positioning Wireless Florida, Inc. as a provider of Fixed Wireless services to residential and commercial clients. A substantial investment has been made to this end, starting with the company’s standardization of “Tarana Wireless” next generation Fixed Wireless Access (FWA) technologies at the heart of the company’s offerings.
Tarana Wireless is a manufacturer of a unique product in the fixed wireless space.
Their G1 5Ghz (5G) and 3Ghz (3G) CBRS based systems enable broadband services in the hardest to reach sectors of rural Florida. More information can be found at
https://www.taranawireless.com.
“The Tarana Wireless roll out is a game changer for us”, “The equipment enables us to enter markets without high buildout infrastructure costs, permitting download speeds of up to 800 Megs wirelessly” – stated Solidus Communications CEO, William Sanchez.
Let the stronger hands prevail.
Thank You,
William J Sanchez
President & CEO
Solidus Communications, Inc.
william@soliduscommunications.com
(305) 747 – 7647
NON-SOLICITATION:
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Any securities offered or issued in connection with the above-referenced merger and/or investment have not been registered, and will be offered pursuant to an exemption from registration.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "anticipate," "estimate," "expect," "intend," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company's business, financial condition, and results of operations.
Contact us at:
William J Sanchez
Chairman/CEO
william@soliduscommunications.com
(305) 747 7647 x 101
Follow "QBAND"/"SLDC" on Twitter: @soldiusSLDC
Stock Symbol: QBAND, after April 24, 2023: SLDC
Company Website: www.soliduscommunications.com
FAQ
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