BoxVn Limited Issues Corporate Update
BoxVn Limited (OTCPINK:VCEX) has issued a press release in response to a SEC trading suspension order due to questions about its market information's accuracy. The company is engaged with securities attorneys to address these concerns and is exploring other listing options to enhance liquidity. BoxVn aims to resolve these issues promptly, reassuring shareholders of their commitment.
Founded as a recruitment company, BoxVn has transformed into a key player in the logistics sector, supplying Light Commercial Vehicles to businesses with innovative and flexible solutions.
- Company is actively addressing SEC concerns with securities attorneys.
- Exploring new listing options to enhance liquidity and market profile.
- SEC trading suspension due to doubts about market information accuracy.
LONDON, March 11, 2021 (GLOBE NEWSWIRE) -- BoxVn Limited (OTCPINK:VCEX), an emerging leader in the fast-growing Driver and Light Commercial Vehicle (LCV) supply segment of the logistics industry, has published a new press release today addressing trading activity in its shares. BoxVn is issuing this release in response to the SEC 10-trading day order of suspension, through December 31, 2021, due to questions regarding the accuracy and adequacy of information about the Company in the marketplace. The Company has retained securities attorneys who will be communicating with the SEC and we will provide additional information to the marketplace to support the Company's claims and actions. BoxVn is also exploring other avenues of listing their securities on a recognized exchange in a timely manner to provide the liquidity and profile that comes with such a listing. The Company appreciates shareholders’ patience through this process and management seeks to resolve the situation expeditiously.
About BoxVn Limited
BoxVn Limited started as a small recruitment business and quickly evolved into a driver and Light Commercial Vehicle (LCV) supply business offering services so unique that it has revolutionized flexible vehicle supply, unemployment and the driver recruitment life cycle to provide a dependable and integral service to one of the biggest and fastest growing sectors in the world, Our core business is the supply of Light Commercial Vehicles to logistics businesses on a flexible and medium-term basis, and is designed to serve logistics businesses and drivers first with a non-traditional approach offering a high-level of service at an affordable price point. For more information, please visit www.boxvn.co.uk.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, filing patent applications, product development, and business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in BoxVn periodic reports filed from time-to-time with the Securities and Exchange Commission.
| Contact Information: | |
| For the Company | For Investor Relations |
| James Gilzean | Stan Wunderlich |
| Managing Director | Launchpad IR |
| jg@boxvn.co.uk | swunderlich@cfsg1.com |
| +44 (0) 203 553 5353 | 1-800-625-2236 |
FAQ
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