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Astra Veda Corporation (OTC PINK: WRFX) announced a significant investment in a joint venture for manufacturing Bullet BarrierTM Products with Egres Enterprises and Rift Management Inc. (RMI). The new entity, Ballistic Barrier Products Inc. (BBP), will develop and sell ballistic-resistant window and door coverings targeting residential, commercial, and government markets globally. BBP is currently setting up its initial production facility in the Southeastern U.S. Astra continues to address compliance with FINRA and OTC Markets regarding financial filings.
Astra Veda Corporation (OTC PINK: WRFX) has signed a licensing agreement with inventor John Adrain to use his Bullet Proof Blinds™ technology, fulfilling orders valued at nearly $1 million. The production is supported by Ronald Egress, an experienced professional in ballistic materials. The company plans to establish a subsidiary and attract private equity investors. Additionally, Astra Veda's subsidiary, Punchzee, is in talks with a real estate firm to integrate its construction management platform. Financial reporting will begin once a name and ticker symbol change is approved by FINRA.
Astra Veda Corporation (OTC PINK: WRFX) addressed shareholders on March 2, 2021, regarding recent manipulative stock rumors. The SEC contacted the company to confirm its operational status amid concerns of potential suspension. The company is finalizing financial disclosures, hindered by previous management issues and COVID-19 delays. They announced a pilot program supporting the National Association of Women in Construction and signed letters of intent with inventors for bullet-resistant materials, anticipating a finalized agreement soon. The leadership remains optimistic about future developments.
