TPII Eliminates Toxic Debt and Prepares for First PCAOB Audit

Rhea-AI Summary

Triad Pro Innovators, Inc. (OTC PINK:TPII) announced significant initiatives to protect shareholder value. The company is preparing for its first PCAOB audit as part of transitioning to a fully reporting company, enhancing transparency. Additionally, TPII has successfully eliminated $245,000 in toxic debt, stabilizing its balance sheet as it plans to expand its product offerings in 2022. These efforts are aimed at strengthening the company's financial standing and operational capabilities in the renewable energy sector.

Positive

• Preparing for first PCAOB audit to enhance transparency.
• Eliminated $245,000 of toxic debt, stabilizing the balance sheet.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / February 23, 2022 / Triad Pro Innovators, Inc. (OTC PINK:TPII) is pleased to announce two current initiatives the company has now commenced or completed in support of its continued efforts to protect shareholder value.

TPII to undergo first PCAOB Audit

One of the company's goals for ensuring ongoing transparency and the protection of shareholder value is to transition to becoming a fully reporting company. In pursuit of this goal, the company is pleased to announce it is preparing to undergo its first PCAOB audit.

Elimination of $245,000 of toxic debt

In addition to its ongoing preparations to become a fully reporting company, TPII is also pleased to announce that it has taken measures to eliminate $245,000 worth of toxic debt. This major clean-up of the company's balance sheet leaves it on a much stabler footing as it executes its 2022 plans to expand and scale its current product and technology offerings.

About Triad Pro Innovators, Inc. (OTC PINK:TPII):

Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity. The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our propriety hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the patent pending eCells that can be used stand alone or modular as energy demands increase.

FORWARD-LOOKING STATEMENTS

The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding TPII's plans, objectives, future opportunities for TPII's services and products, future financial performance and operating results and any other statements regarding TPII's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond TPII's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of a respiratory illness caused by the 2019 novel coronavirus that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with OTC Markets Group in satisfaction of the company's obligations as an alternative reporting company. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Investor Relations Contact:

info@triadpro.com
714.790.3662

SOURCE: Triad Pro Innovators, Inc.

View source version on accesswire.com:
https://www.accesswire.com/690082/TPII-Eliminates-Toxic-Debt-and-Prepares-for-First-PCAOB-Audit

FAQ

What steps is TPII taking to enhance transparency?

TPII is preparing for its first PCAOB audit, aiming to transition to a fully reporting company.

How much toxic debt has TPII eliminated?

TPII has eliminated $245,000 of toxic debt, improving its financial stability.

What are TPII's plans for 2022?

TPII plans to expand and scale its current product and technology offerings following the debt elimination.

What is the significance of the PCAOB audit for TPII?

The PCAOB audit will enhance TPII's transparency and credibility as a fully reporting company.