SPO Networks, Inc. (SPOID) Announces Reverse Stock Split Completed

Rhea-AI Summary

SPO Networks, Inc. (OTC PINK: SPOI) has temporarily changed its trading symbol to SPOID following a completed 1-for-1000 reverse stock split approved by the Board of Directors and shareholders. The "D" will be dropped in 20 days. The company is actively pursuing acquisitions in diverse sectors, including waste/recycling and cannabis operations. It aims for rapid growth in the cannabis industry, enhancing its cultivation and retail capabilities. The company emphasizes the importance of affordable, high-quality cannabis products.

Positive

• Completed a reverse stock split of 1-for-1000, potentially enhancing share value.
• Active exploration of acquisitions in waste management and cannabis industries.
• Plans for rapid expansion in the cannabis sector with a focus on quality and affordability.

Negative

• None.

The Company's New Trading Symbol Is Temporarily Changed to SPOID; The "D" Will Drop Off In 20 Days

FARMINGTON, AR / ACCESSWIRE / March 30, 2022 / SPO Networks, Inc. (OTC PINK:SPOI) ("SPOI" or the "Company"), a publicly-traded company that is actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue generating waste/recycling subsidiary plus a newly launched medical and recreational cannabis and genetic seed operations entity with the expectation of rapid expansion in the cannabis industry utilizing a proprietary vertical market from cultivation facilities, to wholesale and retail dispensaries, today announced that the reverse split that was previously approved a reverse split of 1 (one) to 1000 (one thousand) split of the Company's common stock by the Company's Board of Directors and a majority of shareholders has been completed.

Tom Smith, the Company's CEO and majority shareholder said: "As of today the Company's Trading Symbol has been temporarily changed to SPOID; The "D" will drop in 20 days.

The Company will issue additional announcements as the process proceeds.

SPO Networks, Inc.

SPO Networks, Inc. is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. Additionally, SPO maintains the belief that patients and customers have a right to high quality, economical, and clinically-validated cannabis products. Towards this, SPO aims at medical and recreational cannabis and genetic seed operations with the expectation of rapid expansion in the cannabis industry. SPO is developing its cultivation facilities for extraction operations, wholesaling of cannabis and cannabis extracts in Colorado to licensed retailers and wholesalers. Eventually, the goal is to expand to retail product manufacturing and dispensary operations in several states, allowing SPO to offer a pricing strategy that will be attractive to consumers large and small.

For more information, please go to: https://www.spoinow.com.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/SPOID/disclosure.

Contact:
www.spoinow.com
479-443-6000
info@spoinow.com

SOURCE: SPO Networks, Inc

View source version on accesswire.com:
https://www.accesswire.com/695185/SPO-Networks-Inc-SPOID-Announces-Reverse-Stock-Split-Completed

FAQ

What does the temporary change to the trading symbol SPOID mean for SPO Networks?

The trading symbol SPOID reflects a completed reverse stock split of 1-for-1000, with the 'D' set to be dropped in 20 days.

What industries is SPO Networks exploring for acquisitions?

SPO Networks is exploring opportunities in solid waste management, recycling, and cannabis operations.

What are the future plans for SPO Networks in the cannabis industry?

SPO Networks aims for rapid expansion in the cannabis sector, focusing on cultivation, wholesaling, and retail dispensary operations.

How might the reverse stock split affect SPOI shareholders?

The reverse stock split is intended to enhance the share value, potentially benefiting SPOI shareholders.

When will the 'D' be dropped from the trading symbol SPOID?

The 'D' will be dropped from the trading symbol in 20 days after the temporary change.