Wikisoft Corp. (OTCQB: WSFT), Confirms that its Controlling Shares have been Acquired by Emergency Response Technologies, a Subsidiary of ILUS International (Ilustrato Pictures International Inc; OTC: ILUS)
Wikisoft Corp. (OTCQB:WSFT) announced its acquisition by Emergency Response Technologies, leading to a complete overhaul of its Board of Directors and Executive Officers. This transformation aims to explore new growth opportunities and initiate a business reorganization. The company plans to implement immediate changes to enhance shareholder value and is preparing for a name and ticker change. Furthermore, WSFT will increase its social media engagement to keep stakeholders updated on developments.
- Acquisition by Emergency Response Technologies may facilitate growth opportunities.
- New leadership is expected to drive a strategic reorganization.
- Planned name and ticker change could refresh investor interest.
- Significant management changes may lead to instability during transition.
- Potential financial strain associated with reorganization efforts.
SAN FRANCISCO, CA / ACCESSWIRE / June 2, 2022 / Wikisoft Corp. (OTCQB:WSFT) today announced that along with the acquisition of its controlling shares by Emergency Response Technologies, a new Board of Directors and Executive Officers are being put in place with immediate effect. The company is exploring and taking on new growth opportunities which will involve a reorganization of the operating business and a change in focus.
WSFT anticipates that it will simultaneously implement the necessary changes and take on its first growth opportunity. The company believes that the change in focus following its acquisition and reorganization by Emergency Response Technologies will lead to growth for the company and add Shareholder value.
In addition to a name and ticker change which will be applied for and announced as soon as possible, WSFT will become more proactive on its relevant social media channels. The company looks forward to providing regular updates on its changes and progress through social media and formal press releases. Shareholders and parties interested in tracking the company's progress are requested to do so by following its Twitter account or by keeping an eye on its website, the details of which are listed below:
Website: https://wikisoft.com
Twitter: @ILUS @WikisoftC
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
CONTACT
WikiSoft Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com
Investor site: www.wikisoft.com
SOURCE: WikiSoft Corp.
View source version on accesswire.com:
https://www.accesswire.com/703497/Wikisoft-Corp-OTCQB-WSFT-Confirms-that-its-Controlling-Shares-have-been-Acquired-by-Emergency-Response-Technologies-a-Subsidiary-of-ILUS-International-Ilustrato-Pictures-International-Inc-OTC-ILUS
FAQ
What is the purpose of the acquisition of Wikisoft Corp. by Emergency Response Technologies?
What changes will occur at Wikisoft Corp. after the acquisition?
How will the acquisition affect shareholders of WSFT?
When will the name and ticker change for WSFT take effect?
How can stakeholders follow the progress of Wikisoft Corp. after the acquisition?
