Greene Concepts Prepared to Rise Steadily Through OTC Market Tiers on the Way to NASDAQ for Increased Company Awareness and
27 Janeiro 2021 - 12:25PM
InvestorsHub NewsWire
Greene Concepts
Prepared to Rise Steadily Through OTC Market Tiers on the
Way to NASDAQ for Increased
Company Awareness and
Sales
Marion, NC --
January 27, 2021 -- InvestorsHub NewsWire
-- Greene Concepts
Inc. (OTC
PINK:
INKW) is
happy to report that it plans to
grow the company steadily through the OTC Market Tiers and onto the
NASDAQ. The
focus is
to establish a solid foundation
of growth, sales,
awareness and stability.
Greene Concepts
current resides within the OTC Pink market tier. Here is a
breakdown of the current OTC market tiers:
- OTCQX - is
the top tier of the three marketplaces for the OTC
trading of stocks. Stocks that trade on this forum
must meet more stringent qualification criteria compared to the
other levels.
- OTCQB – is
the middle tier known as "The Venture Market," which consists of early-stage and developing U.S.
and international companies that are not yet able to qualify for
the OTCQX.
- OTC Pink or Pink Sheets - is
the lowest level and most speculative tier of the three
marketplaces for the trading of over-the-counter
stocks.
Lenny Greene,
CEO of Greene Concepts states, "While we continue to grow the company itself, we also wish to strengthen our connection and trust with
shareholders. We
believe the best way to achieve this is to build a
strong foundation of continual and incremental growth. Our ultimate goal is to make it to the NASDAQ, but we recognize the need to
first progress off the Pink Sheets
and onto the OTCQB, meet those requirements and
then launch toward the OTCQX market tier. Once on the OTCQX and as sales increase even more, we will satisfy the requirements to reach
and remain on the NASDAQ long-term while increasing our liquidity, awareness, capital growth and revenues. We remain excited about the proliferation of our premium BE WATERTM and Happy Mellow brands developed right here in the U.S.
which will be crucial in our
market tier advancement."
Lenny Greene,
CEO of Greene Concepts highlights, the requirements to move to the
NASDAQ is for the company to have 4 million in assets and a bid
price of $3.00. We already have assets of over 4 million
dollars. We are in very exciting times with all of the recent
attention that the company is garnering within the markets.
See: OTC Markets 101 For additional information.
About OTC Markets
Group:
OTC Markets
Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the
OTCQB® Venture Market, and the Pink® Open Market for 11,000 U.S.
and global securities. Through OTC Link® ATS, we connect a diverse
network of broker-dealers that provide liquidity and execution
services. We enable investors to easily trade through the broker of
their choice and empower companies to improve the quality of
information available for investors. OTC Link ATS is operated by OTC Link
LLC, member FINRA / SIPC and SEC regulated
ATS.
https://www.otcmarkets.com/
About Greene Concepts, Inc., Mammoth
Ventures, Inc. and Water Club, Inc.
Greene Concepts, Inc. (http://www.greeneconcepts.com)
is a publicly traded company.
Through its recently acquired wholly owned subsidiary, Mammoth
Ventures Inc., the Company has entered the specialty beverage and
bottling business and is an emerging leader in the global
scientifically formulated beverage industry. Through its subsidiary
Water Club, Inc. we intend to pursue subscription-based delivery of
water and scientifically formulated beverages directly to the
consumers home and market the convenience of this service thru
social media affiliate marketing partners.
Safe
Harbor: This Press Release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a few uncertainties and risks that could
significantly affect the company's current plans and expectations,
as well as future results of operations and financial condition. A
more extensive listing of risks and factors that may affect the
company's business prospects and cause actual results to differ
materially from those described in the forward-looking statements
can be found in the reports and other documents filed by the
company with the Securities and Exchange Commission and OTC
Markets, Inc. OTC Disclosure and News Service. The company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
info@inkway.com
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