STOCK TITAN

Silver Scott Mines, Inc 3rd Quarter Update

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Silver Scott Mines, Inc. (OTC PINK:SILS) has provided a 3rd quarter update on its progress in transitioning into a diversified holding company. CEO Stuart Fine outlined plans to create four divisions: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products, and Silver Scott Clean Technology. The company is actively engaged in negotiations for product licensing and business acquisitions, expected to close by year-end.

Silver Scott is also in the process of recruiting advisory board members and has identified an audit firm to prepare for becoming a fully reporting company with the SEC. Dr. Wesley Holland, Chairman of the Board, expressed support for the company's new direction under Fine's leadership. Shareholders are encouraged to visit the company website and sign up for email updates.

Silver Scott Mines, Inc. (OTC PINK:SILS) ha fornito un aggiornamento sul terzo trimestre riguardo ai progressi nella transizione verso una società di holding diversificata. Il CEO Stuart Fine ha delineato i piani per creare quattro divisioni: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products e Silver Scott Clean Technology. L'azienda è attivamente impegnata in negoziazioni per licenze di prodotto e acquisizioni aziendali, che ci si aspetta si chiudano entro la fine dell'anno.

Silver Scott è anche nella fase di reclutamento di membri del consiglio consultivo e ha identificato una società di revisione per prepararsi a diventare una società completamente riportante presso la SEC. Il Dr. Wesley Holland, Presidente del Consiglio, ha espresso supporto per la nuova direzione dell'azienda sotto la guida di Fine. Gli azionisti sono invitati a visitare il sito web dell'azienda e a iscriversi per aggiornamenti via email.

Silver Scott Mines, Inc. (OTC PINK:SILS) ha proporcionado una actualización del tercer trimestre sobre su progreso en la transición a una empresa de holding diversificada. El CEO Stuart Fine delineó los planes para crear cuatro divisiones: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products y Silver Scott Clean Technology. La empresa está activamente involucrada en negociaciones para licencias de productos y adquisiciones comerciales, que se espera se cierren a finales de año.

Silver Scott también está en el proceso de reclutar miembros del consejo asesor y ha identificado una firma de auditoría para prepararse para convertirse en una empresa completamente reportante ante la SEC. El Dr. Wesley Holland, Presidente de la Junta, expresó su apoyo a la nueva dirección de la empresa bajo el liderazgo de Fine. Se anima a los accionistas a visitar el sitio web de la empresa y registrarse para recibir actualizaciones por correo electrónico.

Silver Scott Mines, Inc. (OTC PINK:SILS)는 다각화된 지주회사로의 전환에 대한 3분기 업데이트를 제공했습니다. CEO 스튜어트 파인은 Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products 및 Silver Scott Clean Technology라는 네 개의 부서를 만들 계획을 밝혔습니다. 회사는 제품 라이선스 및 사업 인수에 대한 협상에 적극적으로 참여하고 있으며, 이는 연말까지 완료될 것으로 예상됩니다.

Silver Scott는 자문 위원회 멤버 모집 과정도 진행 중이며, SEC에 완전히 보고하는 회사가 되기 위해 준비할 감사 회사를 찾았습니다. 이사회 의장인 웨슬리 홀랜드 박사는 파인의 리더십 하에 회사의 새로운 방향에 대한 지지를 표명했습니다. 주주들은 회사 웹사이트를 방문하고 이메일 업데이트를 받기 위해 가입하도록 권장됩니다.

Silver Scott Mines, Inc. (OTC PINK:SILS) a fourni une mise à jour du troisième trimestre concernant ses progrès dans la transition vers une société de portefeuille diversifiée. Le PDG Stuart Fine a exposé ses plans pour créer quatre divisions : Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products et Silver Scott Clean Technology. L'entreprise est activement engagée dans des négociations pour la licence de produits et les acquisitions commerciales, qui devraient être finalisées d'ici la fin de l'année.

Silver Scott est également en train de recruter des membres de son comité consultatif et a identifié un cabinet d'audit pour se préparer à devenir une entreprise pleinement déclarative auprès de la SEC. Dr. Wesley Holland, Président du Conseil, a exprimé son soutien à la nouvelle direction de l'entreprise sous la direction de Fine. Les actionnaires sont encouragés à visiter le site web de l'entreprise et à s'inscrire pour recevoir des mises à jour par e-mail.

Silver Scott Mines, Inc. (OTC PINK:SILS) hat ein Update für das dritte Quartal zu seinen Fortschritten bei der Umwandlung in ein diversifiziertes Holdingunternehmen bereitgestellt. CEO Stuart Fine skizzierte Pläne zur Schaffung von vier Divisionen: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products und Silver Scott Clean Technology. Das Unternehmen ist aktiv in Verhandlungen über Produktlizenzierungen und Unternehmensakquisitionen engagiert, die voraussichtlich bis zum Jahresende abgeschlossen werden.

Silver Scott befindet sich auch im Prozess der Rekrutierung von Mitgliedern des Beratungsgremiums und hat eine Wirtschaftsprüfungsgesellschaft identifiziert, um sich auf die vollständige Berichterstattung bei der SEC vorzubereiten. Dr. Wesley Holland, Vorsitzender des Vorstands, drückte seine Unterstützung für die neue Richtung des Unternehmens unter der Führung von Fine aus. Aktionäre werden ermutigt, die Unternehmenswebsite zu besuchen und sich für E-Mail-Updates anzumelden.

Positive
  • Diversification strategy into healthcare, technology, and clean technology sectors
  • Ongoing negotiations for product licensing and business acquisitions
  • Plans to become a fully reporting company with the SEC
  • Creation of four distinct divisions for simplified reporting and understanding
Negative
  • No concrete financial figures or revenue projections provided
  • Audit process and SEC reporting transition may take considerable time

Company Continues to Make Progress

FRANKLIN, NJ / ACCESSWIRE / October 11, 2024 / Silver Scott Mines, Inc., (OTC PINK:SILS) - a diversifying holding company, is pleased to update shareholders on its progress of transitioning into a company with multiple divisions and operations.

Dear Shareholders,

Since starting to work for Silver Scott Mines, Inc in February, 2024, I have made it my mission to diversify the company away from solely crypto assets, tofocus the company on acquiring successful operating businesses therebycreating multiple revenues streams within the diversified healthcare, technology and clean technology business sectors.

As CEO, the number of opportunities that the Company is seeing has been overwhelming. To simplify reporting and make it easier for shareholders and interested financial parties to understand the company, I will be creating 4 divisions under the Silver Scott banner. Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products and Silver Scott Clean Technology. I have begun the process of recruiting advisory board members who will be providing key insights in their respective fields.

Over the last two months, we have been engaged in several negotiations for product licensing and business acquisitions. We anticipate these transactions will close before the end of this year. Additionally, we have identified an audit firmthatwill be working to have all the required audits prepared so we can file a Registration Statement with the SEC to become a fully reporting company. While the audits will take some time to complete, we will be working diligently to ensure that our financial reporting going forward is on a par with Exchange listed companies.

Dr. Wesley Holland, Chairman of the Board, stated "The Board and I wholeheartedly agree with the direction the Company is taking under the watchful eye of Stuart Fine. He has presented to us a significant level of opportunities that we expectwill all tie together and make Silver Scott into a revenue generating and profitable company in the future. We are excited to see what happens next."

Lastly, I would encourage all investors to visit our website www.silverscottmines.com and sign up for our email service in order to be kept apprised of our latest news releases. If you should have any questions, feel free to email investors@silverscottmines.com I look forward to having some positive news to report in the not too distant future.

Sincerely,

Stuart Fine
CEO

About Silver Scott Mines, Inc.
Silver Scott Mines, Inc. Is a holding company with several digital assets currently being held. The company is adding healthcare technology and health focused businesses with a focus on improving overall health or current health conditions. Our tagline is, Better Health Becomes You.

Forward Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

SOURCE: Silver Scott Mines Inc



View the original press release on accesswire.com

FAQ

What are the four new divisions of Silver Scott Mines (SILS)?

Silver Scott Mines (SILS) is creating four new divisions: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products, and Silver Scott Clean Technology.

When does Silver Scott Mines (SILS) expect to close its ongoing business acquisitions?

Silver Scott Mines (SILS) anticipates that the ongoing negotiations for product licensing and business acquisitions will close before the end of 2024.

What steps is Silver Scott Mines (SILS) taking to become a fully reporting company?

Silver Scott Mines (SILS) has identified an audit firm to prepare the required audits for filing a Registration Statement with the SEC to become a fully reporting company.

Who is the current CEO of Silver Scott Mines (SILS)?

Stuart Fine is the current CEO of Silver Scott Mines (SILS), having started working for the company in February 2024.

SILVER SCOTT MINES INC

OTC:SILS

SILS Rankings

SILS Latest News

SILS Stock Data

4.21M
69.52M
Other Precious Metals & Mining
Basic Materials
United States of America
Hilton Head Island