The Marquie Group Lowers Authorized Shares

Rhea-AI Summary

The Marquie Group, Inc. (TMGI) announces plans to decrease authorized shares, aiming to boost shareholder confidence. CEO Marc Angell highlights the move as part of debt reduction strategy, reclaiming reserve shares for treasury use.

ST. PETERSBURG, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- In a significant move for its shareholders, The Marquie Group, Inc. (OTCMKTS:TMGI), an emerging leader in health and beauty sector, today declared its intention to decrease its number of authorized shares.

Marc Angell, CEO of The Marquie Group, remarked, “By continuing to eliminate debt, we're in a position to reclaim reserve shares back into the treasury. This action enables us to significantly reduce the number of authorized shares.” He further commented, “This reduction is expected to enhance shareholder confidence considerably.”

About The Marquie Group, Inc.

The Marquie Group is known for its Whim brand, a line of health and beauty products that promise safety, efficacy, and quality. Whim products are available through various channels including SimplyWhim.com, Amazon, and on Public Square. The brand stands out for its commitment to consumer health and well-being, born out of a necessity for higher standards and regulations in the beauty industry. Whim products are proudly made in the USA.

Forward Looking Statements

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.

Investor and Media Inquiries
Marc Angell, CEO
marc@tmgiusa.com
800-351-3021

FAQ

What did The Marquie Group, Inc. (TMGI) announce regarding its authorized shares?

The Marquie Group, Inc. (TMGI) declared its intention to decrease its number of authorized shares.

Who is the CEO of The Marquie Group, Inc. (TMGI)?

Marc Angell is the CEO of The Marquie Group, Inc. (TMGI).

Why is The Marquie Group, Inc. (TMGI) reducing its authorized shares?

The reduction of authorized shares is part of a strategy to eliminate debt and enhance shareholder confidence.

How does The Marquie Group, Inc. (TMGI) plan to utilize the reclaimed reserve shares?

The reclaimed reserve shares are intended to be put back into the treasury for future use.