DALLAS, June 18, 2021 /PRNewswire/ — Utilized Blockchain, Inc. (“Utilized Blockchain” or the “Firm”) (PINK: APLD), in the present day introduced the completion of its company title change from Utilized Science Merchandise, Inc. efficient June 16, 2021 and commenced the method of submitting its preliminary software to OTC Markets Group to uplist its frequent inventory from the OTC Pink Market to the OTCQB Enterprise Market. The Firm’s buying and selling image will stay “APLD.”
As well as, the Firm additionally introduced that it has engaged a PCAOB licensed nationwide accounting and advisory companies agency to offer audit companies associated to the Firm’s monetary statements for the fiscal years ended Might 31, 2020 and 2021.
“Establishing buying and selling on the OTCQB will enhance our visibility throughout the funding group, enhance liquidity in our inventory and supply us with elevated alternatives to showcase our accomplishments to a broader viewers,” stated Utilized Blockchain, Inc.’s CEO and Chairman Wes Cummins. “Corporations that commerce on the OTCQB should meet excessive requirements for monetary disclosure, compliance with securities legal guidelines and company governance. We’re dedicated to assembly these requirements and offering transparency for shareholders and potential buyers. This can be a essential step for our firm as we transfer ahead with our progress agenda and finally pursue an inventory on a significant change later this yr.”
Discover the most recent video message from CEO and Chairman Wes Cummins at https://appliedblockchaininc.com/events-presentations/
Observe us on Twitter at @APLDBlockchain.
About Utilized Blockchain
Utilized Blockchain, Inc. is an Ethereum-focused firm that’s searching for to shortly scale a big Ethereum/Altcoin mining operation by way of strategic partnerships with two of the world’s largest and most skilled Ethereum corporations.
This launch comprises “forward-looking statements” as outlined within the Personal Securities Litigation Reform Act of 1995 relating to, amongst different issues, future working and monetary efficiency, product growth, market place, enterprise technique and aims. These statements use phrases, and variations of phrases, comparable to “proceed,” “construct,” “future,” “enhance,” “drive,” “consider,” “look,” “forward,” “assured,” “ship,” “outlook,” “anticipate,” and “predict.” Different examples of forward-looking statements could embody, however should not restricted to, (i) statements of Firm plans and aims, together with our evolving enterprise mannequin, or estimates or predictions of actions by suppliers, (ii) statements of future financial efficiency, and (iii) statements of assumptions underlying different statements and statements in regards to the Firm or its enterprise. You’re cautioned to not depend on these forward-looking statements. These statements are based mostly on present expectations of future occasions and thus are inherently topic to uncertainty. If underlying assumptions show inaccurate or identified or unknown dangers or uncertainties materialize, precise outcomes might fluctuate materially from the Firm’s expectations and projections. These dangers, uncertainties, and different elements embody: decline in demand for our services; the volatility of the crypto asset business; the lack to adjust to developments and modifications in regulation; money move and entry to capital; and upkeep of third get together relationships. Data on this launch is as of the dates and time durations indicated herein, and the Firm doesn’t undertake to replace any of the data contained in these supplies, besides as required by legislation.
Investor Relations Contacts
Brett Maas • Managing Accomplice, Hayden IR
email@example.com • (646) 536-7331
Wes Cummins • Chief Govt Officer, Utilized Blockchain
SOURCE Utilized Blockchain, Inc.