Sunstock Inc. Announces Plans to Expand its Retail Presence to the East Coast
Sunstock Inc. (OTC: SSOK) announced plans to expand by opening a second, larger storefront on the East Coast, driven by increasing demand for precious metals. The current store, Mom's Silver Shop in Sacramento, continues to see steady growth in product demand and customer traffic. The move will relocate the company's headquarters to an area with favorable sales tax conditions. CEO Jason Chang emphasized the focus on growth, stating that the new location will enhance inventory management and customer service efforts.
- Plans for a second, larger storefront on the East Coast signal growth potential.
- Steady demand and foot traffic at Mom's Silver Shop indicate strong market interest in precious metals.
- None.
SACRAMENTO, Calif., March 19, 2021 (GLOBE NEWSWIRE) -- Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces its plans to open a second, larger storefront located on the East Coast.
The Company’s current store in Sacramento, Mom’s Silver Shop, sells gold, silver and rare coins to customers and investors. The store continues to experience steady gains in both product demand and foot traffic, prompting management to consider a second location. In exploring a new storefront, Sunstock has decided to relocate its headquarters to a region with strong demand but a more favorable sales tax than California.
“We always operate from a ‘how-do-we-grow-from-here’ perspective when exploring options best suited for our industry, company and shareholders,” stated Sunstock CEO Jason Chang. “Based on the demand we see for precious metals and the goals we have as a company, it makes sense to open a larger location that can better house our inventory and accommodate a greater number of customers. We will provide additional updates as we select our second location and begin to build our marketing strategy for the area.”
Sunstock will continue to operate Mom’s Silver Shop in Sacramento, build its inventory of precious metals, and advance on its broader expansion plans to grow revenues by selling wholesale to other retailers.
About Sunstock Inc.:
Sunstock Inc. (OTC: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby it uses its wholesale and retail channels to sell these precious metals primarily through its own branded coins. For more information, visit the Company’s website at www.SunstockInc.com
Forward-Looking Statements
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to differ materially from any forward-looking statement.
Contact:
Mr. Jason Chang, CEO
Enquiry@SunstockInc.com
916-860-9622
www.SunstockInc.com
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