Universal Systems, Inc. (UVSS) Achieves OTC Pink Current Status and Announces Key Initiatives to Complete 4Q2021
Universal Systems, Inc./Digital Distro Solutions, Inc. (OTC Pink: UVSS) has achieved Pink Current status on OTC Markets, signaling enhanced transparency and operational diligence. CEO Andrew Lane highlighted the company's ongoing projects, including film production and NFT development. The company is set to generate revenue from upfront fees and expects a future stream of royalties from film and music production. Lane assured shareholders no reverse split is planned. The company aims to introduce significant digital solutions through its Digi Market in 1Q2022.
- Achieved Pink Current status, enhancing credibility.
- Plans to generate revenue through multiple streams: Film Production, NFT Sales, and Social Brand Influence.
- Projects include the feature film 'Man in the White Van' and future film announcements.
- No reverse stock split planned, reassuring investors.
- Forward-looking statements indicate potential risks, including revenue growth uncertainty.
- Possible reliance on anticipated sales under negotiations may impact financial performance.
SHERIDAN, WY, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Universal Systems, Inc./Digital Distro Solutions, Inc. (OTC Pink: UVSS) proudly announces the company has achieved Pink Current status for OTC Markets.
Mr. Andrew Lane, CEO of Universal Systems, Inc./Digital Distro, states, “Our team of internal staff, partners, attorneys, and executive leadership have constantly worked to ensure that all due diligence and transparency were provided and documented. I want to thank the team for their professional and persistent efforts to revive Universal System, Inc. into a now OTC Pink Current company. For the next two fiscal quarters, we will complete our contractual responsibilities for the Musical Soundtrack and Casting of Social Brand Influencers in the feature film, “Man in the White Van” directed by Warren Skeels and produced by Legion M Entertainment. In addition to “Man in the White Van”, the company has been engaged to produce another feature film which will be announced shortly. Last, not certainly least, we will be working on converting our digital media assets into NFT’s, completing our Digi Wallet and Digi Marketplace. We believe that in the 1Q2022, we will be allowing partners, prospects, and clients, to mint and place NFT’s on the upcoming proprietary Digi Market. We believe that this form of digitization of assets allows our company to repurpose our assets and earn not only a multiple on the assets, but to also earn a loyalty on each and every time the asset is sold. I’ve included a few graphics that best represent what we do and how we do it. We are well on our way to a great start with our first projects, and the next few quarters will further demonstrate the power of this business model as the revenues and profits flow into the company”.
Mr. Robert Munck, Executive Vice President of Critical Solutions, Inc. (OTC Pink: CSLI) adds, ''This is a great milestone for all the shareholders of Universal Systems, Inc. and our parent company, Critical Solutions, Inc. We are proud to have our efforts demonstrate to our shareholders that we are building shareholder value, with Universal Systems becoming the second majority owned subsidiary for us to bring Pink Current. We believe that the multimedia capabilities and upcoming Digi Market will be a gamechanger for each company we have interest in as well as being able to provide services that ensure profitability and sustainability in the marketplace via digitization and brand influence.”
Mr. Lane states, “The short-term goal for the next six months at Universal Systems, Inc./Digital Distro is to generate profitable revenues streams with upfront fees paid to the company for our Film & Music Production, NFT’s Sales, and Social Brand Influence. Each one of these revenue streams has a key common component of Royalty Streams. Our focus is to develop a library of assets that provides a 15-20 year stream of royalties for our shareholders.”
Mr. Andrew Lane, CEO of Universal Systems, Inc./Digital Distro, concludes, “We also want our shareholders to know that no reverse split is planned, and we are seeking to obtain a name and symbol change.”
About Universal Systems, Inc.
Universal Systems, Inc. / Digital Distro Solutions (OTC Pink: UVSS) is a subsidiary of Critical Solutions, Inc. The focus of the incoming company is multi-media production, distribution, NFT/Crypto services, and bringing social brand influence to film and music productions. Mr. Andrew Lane, CEO, is well known for his numerous credits including work with Disney while also managing talent that has a collective following of over half billion social followers. The company is currently in negotiations for musical scores, soundtrack development, and original music composition for two upcoming feature productions. The company has received OTCIQ access, been designated as Pink Limited, the teams have uploaded Disclosures and Supplements as required to bring Pink Current. The company expects to submit an Attorney Opinion Letter within days. The Transfer Agent has verified the share structure has remained unchanged with 246,049,052 Outstanding and 76,836,847 shares in the Float. The company is being renamed Digital Distro Solutions.
Also note the company has updated its Twitter address to https://twitter.com/Digi_Distro.
About Critical Solutions, Inc.
Critical Solutions, Inc. (OTC Pink: CSLI) is a diversified holding company and the parent company of Rodedawg International Industries, Inc. (OTC Pink: RWGI) and Universal Systems, Inc. (OTC Pink: UVSS). Critical Solutions, Inc. acquires and invests in emerging growth and profitable companies. To subscribe to company updates, please visit the Company's website at http://CriticalSolutionsInc.com/.
Also note the company has updated its Twitter address to https://twitter.com/MKHVentures.
About “Man in the White Van”
Garrison Film’s first feature length film entitled, “Man in the White Van” can be found on the company’s new website at www.Garrisonfilm.com We have completed pre-production requirements and we have our production teams in Shreveport, Louisiana getting to film. Our first feature film, “Man in the White Van” is a thriller set in 1970’s Florida. The script and screenplay are based on a true story of a serial killer in the deep south.
Contact Information:
Universal Systems, Inc.
1-800-395- 6811
ir@digitaldistrosolutions.com
Safe Harbor Statement: 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 would 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.
SOURCE: Universal Systems, Inc.
Attachments
FAQ
What does it mean for UVSS to achieve Pink Current status?
What are the upcoming projects for Universal Systems, Inc.?
When is the Digi Market expected to launch?
What revenue streams is UVSS focusing on?
Is there a risk of a reverse split for UVSS shareholders?
