EV Biologics is Targeting Pink Current

Rhea-AI Summary

EV Biologics Corp (OTC PINK:YECO) announced it has completed all filings on OTC Markets, achieving a current reporting status within its target timeline. This development allows a broader range of brokers to trade its shares, enhancing trading accessibility. The company aims for Pink Current status following OTC Markets' review. CEO Daniel Mckinney highlighted efforts towards revolutionizing medicine through innovative biopharmaceuticals. The company is also focused on up-listing to OTCQB and enhancing its digital presence with a new website.

Positive

• Achieved current reporting status, improving trading accessibility for YECO shares.
• Completed a new website showcasing focus on biopharmaceutical development.
• Plans to up-list to OTCQB before the end of 2020 and a mainboard exchange in 2021.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / November 10, 2020 / EV Biologics Corp (OTC PINK:YECO) today announced that it has completed all its filings on OTC Markets and is now current in its reporting showing a Yield sign.

The Company targeted to become current in its reporting before the end of October and is pleased to have achieved its goal within the announced time frame. Being current now allows the majority of brokers to trade in our shares, whereas before only online brokers could buy or sell the security. We hope to be Pink Current status as soon as OTC Markets completes its review.

CEO Daniel Mckinney, said "we set an aggressive goal to upload our filings by end of October and we achieved it with several days to spare. Our ultimate audacious goal is to conquer incurable diseases and to revolutionize modern medicine"

The Company has also completed a new cutting edge website that depicts our focus on the development of EV biopharmaceuticals and cell-derived products to solve and cure a host of maladies and disease.

"A lot of work, technical detail and focus went into developing this website. I'm extremely pleased and proud of this outstanding production." said CEO, Mckinney.

EV Biologics is building a world-class team of molecular biologists, analytical biochemists, nanoparticle biophysicists, synthetic organic chemists biomedical engineers, software and systems engineers, as well as physicians and surgeons specializing in regenerative medical technology.

Please visit our new website: www.evbiologics.com

EV Biologics was previously a NASDAQ listed company and intends to up-list to OTCQB before the end of 2020, then to a mainboard exchange again in 2021. The Company is now awaiting its symbol change from FINRA.

About the Company

EV Biologics (formerly Yulong Eco-Materials Limited) is a Wyoming, USA domiciled Biotechnology Company, intent on bringing human mesenchymal "MSC" and other stem cell and cell-derived products to market in the cosmetic and biopharmaceutical spaces. Initially, these novel and unique products will be specifically provided to the international clinical research community including universities and physicians and will be targeted to the aesthetic and regenerative medicine markets. Using proprietary and patentable technologies, the Company is creating exclusive IP and IT inherent in our superior products. Further product development will be focused on investigation of novel stem cell-derived biopharmaceuticals designed for specific clinical conditions.

Forward-Looking Statements

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

YECO has 6.21 million shares issued and outstanding with a float of 1,016,375 shares.

Contact:

Dennis Burns
Investor Relations
Tel(567)237-4132
dburns@nvestrain.com

For more information on EV Biologics please visit:

www.evbiologics.com

SOURCE: EV Biologics Corporation

View source version on accesswire.com:
https://www.accesswire.com/615731/EV-Biologics-is-Targeting-Pink-Current

FAQ

What is the significance of EV Biologics achieving current reporting status for YECO?

Achieving current reporting status allows EV Biologics to enhance trading accessibility for its shares, attracting more brokers.

What are EV Biologics' future plans regarding its stock exchange listings?

EV Biologics intends to up-list to OTCQB by the end of 2020 and aims for a mainboard exchange listing in 2021.

What updates did EV Biologics announce in their recent press release on November 10, 2020?

The company announced completion of its filings, a new website launch, and ongoing plans for stock up-listing.

How many shares of YECO are currently issued and outstanding?

EV Biologics has 6.21 million shares issued and outstanding, with a float of 1,016,375 shares.