Strattner's CEO Considers Moving US Head Quarter After Being Denied a Visitor Visa for the USA

Rhea-AI Summary

Strattners (OTC PINK: SCNG) CEO Dr. Timo Bernd Strattner has been denied a visitor visa to the US, prompting a reassessment of the company's staffing and location strategy. Strattner emphasizes the importance of global relationships and plans to enhance virtual operations while considering relocating the headquarters outside the US to facilitate growth. The company aims to expand its presence in New York and create local jobs, leveraging a diverse, remote workforce. The CEO's vision remains focused on connecting employees globally through technology.

Positive

• Plans to enhance virtual operations and increase global reach.
• Considering moving headquarters to better manage growth and diversify locations.
• Intention to expand presence and create local jobs in New York.

Negative

• CEO's denied visa may indicate challenges in entering the US market.
• Potential loss of direct business relationships with US companies due to relocation.

NEW YORK, NY / ACCESSWIRE / October 15, 2020 / Strattners (OTC PINK:SCNG) informs that its CEO, Dr. Timo Bernd Strattner has been denied a visitor visa by the US Embassy to enter the US with his family and takes this opportunity to remodel the Company's staffing and location strategy.

Timo Strattner said in a statement: "We have a responsibility towards our shareholders, partners, associates, contractors our staff, their families and stakeholders. Having been deemed ineligible to enter the United States on a business visitor basis strengthened my vision for Strattners and we couldn't be more excited about our growth plans. We have great relationships with Companies in the USA and are grateful for their strong support. However, we also have great relationships with Companies in other countries and we are manning a diverse set of value models to provide growth opportunities for our employees as well as trying to capitalize on location based business opportunities even though we are currently working mostly virtual.

Our workforce is truly global and we encourage diversity. We have implemented efficient workplaces and are thrilled about our ability to connect our employees and contractors from across the globe on our online portal whilst utilizing our VoiP technology to seamlessly collaborate remotely. We have many choices as to the location of our head office and we are considering altering our head office strategy to include a new location outside the USA to manage growth. We feel strongly about our expansion of our New York presence whilst adding local jobs an additional physical office location will grow synergistically.

About Strattners

Strattner Group Corp. also known as Strattners is a publicly traded small-cap conglomerate and parent company of the Strattner portfolio of brands and subsidiaries.

IR Contact:

Strattner Financial Group
investor.Relations@strattners.com
press@strattners.com
+1 (917) 210-1062

Forward Looking Statements

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, to be materially different from the statements made herein.

SOURCE: Strattner Financial Group

View source version on accesswire.com:
https://www.accesswire.com/610685/Strattners-CEO-Considers-Moving-US-Head-Quarter-After-Being-Denied-a-Visitor-Visa-for-the-USA

FAQ

Why was Strattners CEO denied a visitor visa?

Dr. Timo Bernd Strattner was denied a visitor visa by the US Embassy, affecting his ability to enter the US on business.

What are Strattners' future plans after CEO's visa denial?

The CEO plans to reassess the company's staffing and location strategy, including the potential relocation of the headquarters outside the US.

How will Strattners manage growth after the visa denial?

Strattners intends to enhance its virtual operations and leverage its global workforce to manage growth opportunities.

What impact does the visa denial have on Strattners investors?

The visa denial may affect direct business relationships with US companies, impacting investor sentiment.