SponsorsOne Management Announces It Will Be Applying To Uplist To OTCQB
SponsorsOne Inc. (CSE:SPO, OTC PINK:SPONF) has announced its intent to qualify for the OTCQB Venture Market by updating its website for compliance and enhancing investor engagement. This move aims to boost the company's market value, benefiting current and future shareholders. CEO Myles Bartholomew noted an uptick in market activity, suggesting it could indicate positive short-covering trends. The OTCQB platform is designed for early-stage companies that meet specific financial and reporting requirements.
- Initiative to qualify for OTCQB Venture Market may increase market visibility and investor interest.
- Revamping of company website to improve compliance and investor engagement.
- Market volatility and price fluctuations could pose risks to share value.
- Dependency on additional financing and potential conflicts of interest among directors.
Company Is Beginning Process To Qualify For OTCQB Venture Market, Including Updated Compliant Website
WATERLOO, ON / ACCESSWIRE / September 28, 2020 / SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (OTC PINK:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly building, launching and selling proprietary brands focused in the craft Alcohol, Functional Beverage and Cannabis Sectors, today announced that it had begun the process to up list to OTCQB Venture Markets.
The OTCQB® Venture Market is for early-stage and developing U.S. and international companies. To be eligible, some of the requirements are that companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet a
Myles Bartholomew, CEO of SponsorsOne, said: "We have begun taking steps to meet all the qualifications to up list to the OTCQB Venture Markets, including revamping our company website to make it compliant and more investor friendly. We will also add more information about not just the company, but detailed marketing information on our products and services. This move to a better trading platform should help the company realize increased market value for its existing and future shareholders."
"I would also like to comment on the recent high levels of market activities over the past two weeks. While we cannot be
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution of digital marketing through influencer marketing, storytelling, and digital-commerce with the SponsorCoin platform and its highly scalable - smart contract-based digital-currency. Combined, this allows brands to build and manage exclusive and highly engaged communities of influencers (from pro to micro-influencers) within the social realm. The SponsorCoin platform provides for data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far higher ROI than current social media advertising methods. SponsorsOne, through its wholly owned subsidiary, SponsorsOne Media Inc., provides full creative and Brand building/management services to all our Brands as well as manages the influencer communities for each Brand. If the Brand wants to get big - fast, our wholly-owned subsidiary S1 Brands Inc. will build a wholesale/retail distribution channel for the Brand acting as a master distributor. S1 Brands provides sales and marketing on behalf of the Brand to its vast network of national wholesalers and retailers and provides purchase order financing to assist the Brand in fulfilling every order. Ownership of the Brand combined with distribution, digital marketing innovation, and capital is the winning formula to build the next billion-dollar brand.
To learn more, please visit www.sponsorsone.com
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks:
- risks associated with marketing and sale of securities
- the need for additional financing requirements and access to capital, reliance on key personnel
- the potential for conflicts of interest among certain officers or directors with certain other projects
- the volatility of the volume and price of the Common Shares, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition.
The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors, and other uncertainties and potential events, including the risk factors, set out in the Company's Listing Statement. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
SOURCE: SponsorsOne Inc.
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https://www.accesswire.com/608032/SponsorsOne-Management-Announces-It-Will-Be-Applying-To-Uplist-To-OTCQB
FAQ
What are the benefits of SponsorsOne qualifying for the OTCQB Venture Market?
What steps is SponsorsOne taking for OTCQB compliance?
Has there been any recent trading activity for SponsorsOne (SPONF)?
What financial risks is SponsorsOne facing?
When did SponsorsOne announce its plans to uplist to OTCQB?
