NEW YORK, NY, July 12, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC: MSPC) announces that it will issue a one-time dividend in the form PureSnax (OTC:PSNXD) shares.
Mr. Brito stated: “The public listing of Etelix by way of merger with PureSnax International has so far released more than $19 million in additional shareholder value to MSPC’s balance sheet and shareholders as per yesterday’s closing price. Although we are committed to the long-term success of Etelix and are highly confident that this is just the beginning of the additional share value this merger will create, we believe it is fair that we reward our common shareholders by giving them direct ownership in PureSnax by way of this dividend. After the dividend, Metrospaces will continue to retain the majority of the PureSnax’s common stock directly. The dividend will be issued to all MSPC shareholders of record. By having done the spin-off, Etelix now has the financial tools to pursue acquisitions and world-class financing independent of MSPC’s balance sheet This means that both MSPC and Etelix will now be independent to pursue their own destiny, new acquisitions and financial structure. This is a high vote of confidence in Etelix’s current management team and its business plan. Metrospaces also announces that it will do a 150-to-1 reverse stock split, to pursue new acquisition opportunities. We are confident that this proposed financial structure will allow us to continue to pursue such acquisitions and growth opportunities as Etelix and provide the opportunity for dramatic increase in shareholder value and price per share. Metrospaces has also instructed its transfer agent, West Coast Transfer, to inform its shareholders of its number of shares outstanding at any given moment. As of July 11, 2018 total shares outstanding stands at 5,709,012,612.”
About Etelix.com USA, LLC
Etelix.com USA ( http://www.etelix.com/ ) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company’s main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider. The company was founded in 2007 and has been profitable since inception.
About Metrospaces
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company’s current projects are located in Buenos Aires, Argentina and Miami, USA. It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide, and have funded projects both in the America’s and across Europe valued in excess of US $550Million.
Metrospaces’ majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
Relevant Links: http://metrospaces.com/
Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Company Contact: Tel: (646) 630-0927 Investor Relations: investors@metrospaces.net
