MetaWorks Acquires FogDog Energy to Boost Operations
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MetaWorks Completes Acquisition of FogDog Energy Solutions
MetaWorks Platforms, Inc. (OTCQB: MWRK), a technology-focused company, has successfully acquired the assets of FogDog Energy Solutions, Inc. This strategic move enables MetaWorks to fully exchange its outstanding debt while enhancing its operational capabilities. The acquisition is positioned to significantly boost MetaWorks' new waste-to-energy initiatives through its subsidiary, EnergyWorks Corp.
Strategic Growth in Waste-to-Energy Sector
President Scott Gallagher expressed enthusiasm regarding the acquisition, noting that it fast-tracks MetaWorks’ entry into the waste-to-energy market. He highlighted the importance of the deal, which includes a memorandum of understanding with a municipality that lays a solid foundation for the company’s new venture. Gallagher further indicated that the acquisition places MetaWorks on a path to commence revenue-generating operations by the fourth quarter, and the company plans to enter a business development agreement with the FogDog Energy team aimed at fostering future growth.
Addressing Global Waste Challenges
The world faces a significant challenge regarding waste management, with only about 9% of plastic produced being recycled annually, according to recent reports. Plastic consumption has surged, particularly in emerging markets, raising concerns about its environmental impact. The growth of plastics has resulted in increased global greenhouse gas emissions, which stands as a critical global issue. MetaWorks aims to tackle these waste-related challenges through innovative waste-to-energy solutions, converting refuse into usable energy and contributing to sustainability efforts.
Company Profile and Future Outlook
MetaWorks Platforms, Inc. is committed to developing forward-thinking technologies that resolve pressing real-world problems. By leveraging innovative solutions, the company seeks to build sustainable products and platforms. MetaWorks is publicly traded on the OTCQB market under the ticker symbol MWRK and operates as a fully reporting company under SEC regulations.
Commitment to Sustainable Practices
Through its focused approach to waste-to-energy technologies, MetaWorks is dedicated to reducing the ecological footprint associated with waste disposal. The company is exploring additional waste-to-energy locations slated for development in the coming years, reinforcing its commitment to environmental stewardship and innovation in energy production.
Contact Information
Company Contact:
Scott Gallagher, President
(727) 417-7807
scott@metaworksplatforms.io
Frequently Asked Questions
What is the significance of MetaWorks' acquisition of FogDog Energy?
The acquisition enhances MetaWorks' operational capabilities and facilitates its entry into the waste-to-energy sector.
When does MetaWorks plan to start its revenue-generating operations?
MetaWorks expects to commence revenue-generating operations by the fourth quarter.
How does MetaWorks plan to address global waste issues?
Through innovative waste-to-energy solutions, the company aims to convert waste into usable energy, contributing to sustainable practices.
What is the company’s focus moving forward?
MetaWorks is focused on expanding its waste-to-energy initiatives and exploring additional operational locations.
What is the trading symbol for MetaWorks Platforms, Inc.?
The company trades on the OTCQB market under the ticker symbol MWRK.
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