Strattners Engages Independent Business Valuation Firm To Evaluate Strategic Group Value

Rhea-AI Summary

Strattner Group Corp. (OTC PINK:SCNG) has signed an engagement letter with an independent business valuation firm to conduct a Certified Business Valuation. This analysis will follow standards set by the American Institute of Certified Public Accountants and the National Association of Certified Valuation Analysts. CEO Timo Strattner emphasized that this valuation is critical in building shareholder value and reflects strategic growth. The initiative marks an important phase in the company's development.

Positive

• Engagement with an independent valuation firm to assess strategic value.
• CEO emphasizes the importance of valuation for building shareholder value.
• Valuation adheres to recognized industry standards.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / October 6, 2020 / Strattner Group Corp. (OTC PINK:SCNG) also known as Strattners signs engagement letter with an independent business valuation firm to provide a Certified Business Valuation.

The analysis will be conducted in accordance with the American Institute of Certified Public Accountants Statement on Standards for Valuation Services and the National Association of Certified Valuation Analysts' (NACVA) Professional Standards for a Valuation Engagement. The estimate of value that results from a valuation engagement is expressed as a conclusion of value. The engagement will use strategic value as the standard of value.

Strattner Group Corp. CEO, Timo Strattner says that "we are entering a very exciting phase in our development. This valuation is an important step towards building shareholder value and thus build a valuation based on the strategic value of Strattner Group."

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/609306/Strattners-Engages-Independent-Business-Valuation-Firm-To-Evaluate-Strategic-Group-Value

FAQ

What does Strattner Group Corp. aim to achieve with the new valuation?

Strattner Group Corp. seeks to establish a Certified Business Valuation to enhance shareholder value and evaluate its strategic worth.

When was Strattner Group Corp.'s valuation engagement announced?

The valuation engagement was announced on October 6, 2020.

Who is conducting the Certified Business Valuation for SCNG?

An independent business valuation firm has been engaged to perform the Certified Business Valuation.

What standards will the valuation follow?

The valuation will adhere to the American Institute of Certified Public Accountants and NACVA Professional Standards.

What is the stock symbol for Strattner Group Corp.?

The stock symbol for Strattner Group Corp. is SCNG.