XCPCNL Business Services Announces Authorized Share Reduction

Rhea-AI Summary

XCPCNL Business Services Corporation (OTC Pink: XCPL) has announced an authorized share reduction, bringing the total number of authorized shares to 750 million. The company successfully returned 2 million shares to the treasury, a decision aimed at combating stock manipulation and enhancing shareholder value. CEO Tim Matthews emphasized the company's focus on growth opportunities in various sectors, with future details set to be shared with shareholders.

Positive

• Completed an authorized share reduction to 750 million shares.
• Returned 2 million shares to the treasury to enhance shareholder value.

Negative

• None.

Charlotte, North Carolina, May 02, 2022 (GLOBE NEWSWIRE) -- XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, is excited to announce that the Company has completed an authorized share reduction.

The Company signed a Certificate of Amendment of Certificate of Incorporation, stating, "The total number of authorized shares that the corporation is authorized to issue is 750,000,000 shares of common stock."

Additionally, the Company has successfully returned two million shares to the treasury.

“This is a significant step for us.  We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders.  We are doing due diligence on several opportunities in various sectors that we believe we tremendously grow our Company.  Once details are finalized, we will be able to share this information with our shareholders," said CEO Tim Matthews.

XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate Twitter account at https://twitter.com/RealXCPCNL.

Forward-Looking Statements Disclaimer:

This press release may include, and oral statements made from time to time by representatives of the Company may have, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Statements regarding possible business combinations and the financing thereof and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements.  When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to our management team or us, identify forward-looking statements.  Such forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, the Company's management.  Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filing with the Over-the-Counter Market ("OTC").  All subsequent written or forward-looking oral statements attributable to persons or us acting on our behalf are qualified in their entirety by this paragraph.  Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About XCPCNL

Charlotte, NC-based XCPCNL Business Services is a venture development business that leverages its knowledge, skills, and experience in the consumer products industry.  Our primary mission is to provide marketing, technology, and other business services to fast-growing consumer product companies and big-box retailers.  XCPCNL is a minority-owned and controlled firm.  To learn more about our businesses, services, and opportunities, please contact: info@xcpcnl.com.

To learn more about XPCNL, visit www.xcpcnl.com

For Inquiries:

Email: ir@xcpcnl.com

FAQ

What is the share reduction announcement for XCPL?

XCPL has reduced its authorized shares to 750 million and returned 2 million shares to the treasury.

Why did XCPL reduce its authorized shares?

The share reduction aims to combat stock manipulation and increase value for shareholders.

When was the share reduction for XCPL announced?

The announcement was made on May 2, 2022.

What is the significance of the share reduction for XCPL investors?

It is intended to enhance shareholder value and mitigate stock manipulation risks.