Sunstock, Inc. Initiates Process of Uplisting to OTCQB Venture Market
SACRAMENTO, Calif., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces its intent to uplist to the OTCQB® Venture Market. The Company has retained legal counsel to begin the process and believes it meets all the requirements for a successful uplisting.
The OTCQB tier consists of entrepreneurial and development-stage companies that meet a minimum bid price test, are current in their financial reporting, and undergo an annual verification and management certification process. Eligible companies may not be in bankruptcy. Reaching the Venture Market typically results in improved transparency to shareholders, greater liquidity and increased awareness among broker dealers.
“Uplisting will position us to achieve faster growth and exposure to institutional investors,” stated Sunstock CEO Jason Chang. “This is an important and timely milestone in our business development, given the current political environment. Listing on the OTCQB will help us build greater credibility as we continue investing in precious metals to hedge against economic uncertainty or inflation.”
Sunstock acquires mineral rights and gold mining assets, providing shareholders the opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with actual mining operations. Management believes that global monetary policies may cause an increase in inflation, a possibility compounded by uncertainty over the 2020 U.S. presidential election and the next administration’s economic policies.
“As we proceed through the application process, we will continue to acquire inventory that supports our business model and increases shareholder value,” stated Chang. “We look forward to the liquidity and long-term growth stability this uplisting can provide and will keep the investment community aware of our progress.”
To view the Company’s recent acquisition and general operations announcements, visit http://compliance-sec.com/secfilings/company/...lease.html
About Sunstock, Inc.
Sunstock, Inc. (OTC PINK: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby uses its wholesale and retail channels to sell these precious metals primarily through their own branded coins. For more information, visit the Company’s website at www.SunstockInc.com
Forward-Looking Statements
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to differ materially from any forward-looking statement.
Contact:
Mr. Jason Chang, CEO
Enquiry@SunstockInc.com
916-860-9622
www.SunstockInc.com
SACRAMENTO, Calif., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces its intent to uplist to the OTCQB® Venture Market. The Company has retained legal counsel to begin the process and believes it meets all the requirements for a successful uplisting.
The OTCQB tier consists of entrepreneurial and development-stage companies that meet a minimum bid price test, are current in their financial reporting, and undergo an annual verification and management certification process. Eligible companies may not be in bankruptcy. Reaching the Venture Market typically results in improved transparency to shareholders, greater liquidity and increased awareness among broker dealers.
“Uplisting will position us to achieve faster growth and exposure to institutional investors,” stated Sunstock CEO Jason Chang. “This is an important and timely milestone in our business development, given the current political environment. Listing on the OTCQB will help us build greater credibility as we continue investing in precious metals to hedge against economic uncertainty or inflation.”
Sunstock acquires mineral rights and gold mining assets, providing shareholders the opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with actual mining operations. Management believes that global monetary policies may cause an increase in inflation, a possibility compounded by uncertainty over the 2020 U.S. presidential election and the next administration’s economic policies.
“As we proceed through the application process, we will continue to acquire inventory that supports our business model and increases shareholder value,” stated Chang. “We look forward to the liquidity and long-term growth stability this uplisting can provide and will keep the investment community aware of our progress.”
To view the Company’s recent acquisition and general operations announcements, visit http://compliance-sec.com/secfilings/company/...lease.html
About Sunstock, Inc.
Sunstock, Inc. (OTC PINK: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby uses its wholesale and retail channels to sell these precious metals primarily through their own branded coins. For more information, visit the Company’s website at www.SunstockInc.com
Forward-Looking Statements
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to differ materially from any forward-looking statement.
Contact:
Mr. Jason Chang, CEO
Enquiry@SunstockInc.com
916-860-9622
www.SunstockInc.com
