XCPCNL Business Services Announces Board Resolution Approving Shareholder Stock Dividend

Rhea-AI Summary

XCPCNL Business Services Corporation (OTC Pink: XCPL) has announced a 20% stock dividend for its shareholders. This resolution, approved by the board, is intended for shareholders of record on January 23, 2023, with shares to be issued around February 15, 2023. CEO Tim Matthews emphasized the company's focus on rebuilding shareholder confidence and driving revenue growth, indicating a future potential for cash dividends. The company, based in Charlotte, NC, aims to leverage its expertise in the consumer products industry to enhance long-term sustainability.

Positive

• Approval of a 20% stock dividend, potentially increasing shareholder value.
• Management's commitment to rebuilding shareholder confidence and driving revenue growth.

Negative

• None.

Charlotte, North Carolina, Jan. 17, 2023 (GLOBE NEWSWIRE) -- XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, today announces a board resolution approving a stock dividend for shareholders.

The board resolves that the Company is issuing to current shareholders a stock dividend of 20% class Common Shares, in the authorized capital stock of XCPCNL Business Service Corporation for shareholders of record on January 23, 2023, to be issued on or about February 15, 2023.

“We are now shifting our focus on driving revenue, rebuilding shareholder confidence and investing in projects that offer long term sustainability.  As we start this journey in 2023, we want to ensure that we show appreciation for our shareholders by providing this 20% share dividend.  In the future, we hope this will be cash, but for now this will hopefully show that we are decided to rebuild our base and driving future value,” 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 include "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 us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, 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 oral forward-looking statements attributable to us or persons 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 stock dividend amount for XCPL?

XCPL is issuing a 20% stock dividend for shareholders.

When will the stock dividend be issued for XCPL?

The stock dividend is expected to be issued on or about February 15, 2023.

What is the record date for the XCPL stock dividend?

The record date for the stock dividend is January 23, 2023.

What are XCPL's future plans regarding dividends?

The CEO mentioned a potential shift to cash dividends in the future.