Blackwell 3D Corporation Announces OTC Caveat Emptor Removal
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Blackwell 3D Corporation Announces OTC Caveat Emptor Removal
Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D” or the "Company"), an innovative 3D house printing technology company focused on advancing the construction industry through the use of environmentally friendly 3D printing to build homes in less time and at less cost than traditional homes, announces today that the OTC Markets Group, Inc. has removed the Caveat Emptor designation from the OTC Markets website that had been previously associated with the company's ticker symbol. The practical effect of this is that our securities are, once again, tradeable on the OTC without any restrictions.
Efforts to Remove Caveat Emptor Designation
As previously disclosed, the Company had been labeled with the Caveat Emptor designation. The Company has been working diligently with OTC Markets to have the designation reviewed and removed.
CEO's Statement on Resolution
“First and foremost, we want to express our appreciation to the entire team at OTC Markets for working with us to resolve this matter so promptly, and specifically their legal department. OTC Markets showed amazing dedication and willingness to work with us to resolve this matter, and it is truly appreciated,” stated Mohammedsaif Zaveri, CEO of Blackwell 3D. “Equally, Company counsel worked tirelessly with the legal team at OTC Markets to bring this matter to a successful conclusion, providing all information requested, culminating in the removal of the Caveat Emptor today.”
Company's Future Plans
"The Caveat Emptor removal is a direct result of the diligence of the legal team at OTC Markets and the Company's commitment to our shareholders," added Zaveri. "We expect to post our audited financial statements for the recent fiscal period by month's end, sharing with our shareholders material events over the past year and our plans and outlook. Blackwell 3D is now once again fully focused on growing our 3D construction business and completing our proprietary software as we set our sights on developing multiple revenue streams."
Company Contact Information
Contact:
Investor Relations
IR@BLACKWELL3D.COM
+1 (702) 718-0807
Frequently Asked Questions
What does the removal of Caveat Emptor mean?
The removal of Caveat Emptor allows the Company's securities to be traded on the OTC without any restrictions, enhancing liquidity and tradeability.
Why was the Caveat Emptor designation placed on Blackwell 3D?
The designation was placed due to concerns that warranted scrutiny of the Company’s financial practices or operational transparency.
What are Blackwell 3D's plans following this announcement?
The Company aims to focus on expanding its 3D construction business and completing its proprietary software development.
Who is the CEO of Blackwell 3D?
The CEO of Blackwell 3D is Mohammedsaif Zaveri, who has expressed gratitude towards the OTC Markets for their collaboration.
Where can I find more information about Blackwell 3D?
For the most up-to-date information, visit the Company’s official website.
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