Sunstock, Inc. Provides Corporate Update to Discuss Growth Initiatives

Rhea-AI Summary

Sunstock, Inc. (OTC PINK: SSOK) has announced its growth strategy for 2021, emphasizing sustainable progress. The company invested over $162,000 in precious metals in Q4 2020 and plans to expand its inventory while exploring a second retail location. Additionally, Sunstock aims for an uplisting to the OTCQB® Venture Market to enhance investor access. CEO Jason Chang expressed confidence in their trajectory, attributing it to the groundwork laid in 2020, which he believes will support long-term shareholder growth.

Positive

• Invested over $162,000 in precious metals in Q4 2020.
• Plans to explore a second retail location to increase revenue.
• Aiming for uplisting to the OTCQB®, enhancing access to investment community.

Negative

• None.

SACRAMENTO, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces its growth plan for 2021.

“We have established a growth strategy that allows for sustainable progress and acceleration,” stated Sunstock CEO Jason Chang. “In 2020, our corporate activities demonstrated the viability of this plan. We expect to maintain this pace with additional investments, a second retail presence, and uplisting to the OTCQB.”

Investments

Sunstock consistently increased its inventory of precious metals in 2020, investing more than $162,000 in the fourth quarter. The Company will continue to expand its holdings by monitoring the global economy and acquiring gold and silver at price points that support its business model.

Revenues

Sunstock currently operates Mom’s Silver Shop in Sacramento, Calif., which specializes in buying and selling gold, silver and rare coins to investors and customers. Based on considerable growth in 2020, the Company is exploring prospects for a second brick-and-mortar location and intends to further grow revenues by selling wholesale to other retailers.

Uplisting

Sunstock believes its growth plan will be compounded by the successful uplisting of its shares to the OTCQB® Venture Market. As previously announced, the Company has engaged reputable legal counsel to lead the uplisting process and believes it meets all listing requirements.

“Our trajectory in 2021 is a direct result of the foundational framework set last year,” stated Chang. “Furthermore, uplisting will provide greater access to the investment community that will only strengthen our ability execute the strategies set for long-term shareholder growth.”

About Sunstock, Inc.

Sunstock, Inc. (OTC PINK: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby uses its wholesale and retail channels to sell these precious metals primarily through their 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

FAQ

What is Sunstock's growth plan for 2021?

Sunstock plans to increase its inventory of precious metals, explore a second retail location, and aim for uplisting to the OTCQB® Venture Market.

How much did Sunstock invest in precious metals in Q4 2020?

Sunstock invested over $162,000 in precious metals during the fourth quarter of 2020.

What is the significance of Sunstock's uplisting to the OTCQB?

Uplisting to the OTCQB is expected to provide greater access to investors, which could strengthen the company's growth strategies.

Where is Sunstock's current retail location?

Sunstock currently operates Mom's Silver Shop in Sacramento, California.