April 04, 2019 09:50 ET | Source: Vortex Brands Co.
SACRAMENTO, Calif., April 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Vortex Brands Co. (USOTC: VTXB) announced updates today on the current status of the company.
CEO Todd Higley stated, "We are pleased to have reached "current" status, as this milestone now allows us to move forward aggressively with our business plan. First on the agenda will be a satellite location in the state of Washington. We will set up our R&D facility there just minutes from the homes of core members of our team allowing us to take advantage of their hands-on expertise. Once manufacturing begins, we feel strongly that this strategic location will be in the best interest of the company and will serve as a complement to our Sacramento corporate office.
Mr. Higley went on to say, "We have the ability to now raise operating capital in order to begin manufacturing and we plan to do so carefully and strategically. Our initial approach has been to raise funds from already existing shareholders who are very familiar with our company, our business model and the upside potential of Vortex Brands. In addition, we have several businesses and/or individuals that have expressed interest in either investments in our company or joint ventures where companies operate complimentary businesses in the same industry."
Mr. Higley finished up with, "Another step is to begin placing orders for components of the PAS Units that are proprietary, require one-time molding(s) or significant lead times and that process will begin shortly. (For more information on the PAS Units, please see the video link below.) We are now poised for success and comparatively speaking, our company is structured in a way that will allow us to move forward with few impediments. Our share structure is sound, we have no significant debt and important discussions are being held daily with key players in the industry. In short order, we will share more on developments that should prove to have a significant upside for Vortex Brands.
http://vortexgreenenergy.com/video/
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Source: Vortex Brands Co.
Contact: info@vortexbrands.us
source
https://www.globenewswire.com/news-release/20...uring.html
