Protect Pharmaceutical Corp. Terminates KARINCA Logistics Merger
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Protect Pharmaceutical Corp. Announces Merger Termination
Protect Pharmaceutical Corp. (OTC: PRTT) has recently declared that the anticipated merger with KARINCA Logistics will not take place. The decision was reached following a comprehensive review during the final stages of the due diligence process, where unforeseen business challenges emerged.
Management's Commitment to Shareholders
In light of these developments, Protect Pharmaceutical's management is steadfast in its commitment to keeping shareholders informed about the company's ongoing progress and future endeavors. Current plans have shifted away from involving KARINCA Logistics as part of its strategic growth.
Leadership Changes at Protect Pharmaceutical
Furthermore, the company has seen leadership changes with the resignation of Director George Athanasiadis from the board. This shift signifies a potential reevaluation of the company’s strategic direction as it continues to adapt to the evolving business landscape.
About Atlantic Logistics
Atlantic Logistics plays a pivotal role in the logistics sector, focusing on offering innovative services to its customers. With a commitment to harnessing technology and commercial intelligence, they are dedicated to enhancing service delivery. Their operations span various continents, employing ground, air, and maritime transport to meet diverse logistics needs. With robust systems in place, Atlantic Logistics ensures effective tracking of inventories and comprehensive customs compliance for a seamless shipping experience worldwide.
Frequently Asked Questions
1. Why did the merger with KARINCA Logistics not proceed?
The merger was halted due to unforeseen business issues that arose during the final due diligence process.
2. What is the future direction of Protect Pharmaceutical Corp.?
The company is focusing on updating shareholders about its strategies, now steering clear of any plans involving KARINCA Logistics.
3. Who has resigned from Protect Pharmaceutical’s board?
Director George Athanasiadis has resigned from the board of directors, indicating a potential shift in the company's strategy.
4. What services does Atlantic Logistics provide?
Atlantic Logistics offers a comprehensive range of logistics services including land, air, and sea transport, with a strong emphasis on technology and compliance.
5. How can I contact Protect Pharmaceutical Corp.?
For more information, you can contact Protect Pharmaceutical Corp. at +90 (531) 452 82 27 or via email at Info@atlantic-logistics.net.
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