MDWerks Common Stock Transitions to OTC Expert Market
May 24 2024 - 8:30AM
Business Wire
MDWerks, Inc. (“MDWerks” or the “Company”), a
forward-thinking company leading the charge in the world of
sustainable technology, today announced that its common stock has
transitioned to trading on the OTC Expert Market, where it can be
found under the ticker symbol “MDWK,” because the Company has not
timely filed its Annual Report on Form 10-K for the fiscal year
ended December 31, 2023 (the “Form 10-K”) with the Securities and
Exchange Commission (the “SEC”).
As previously reported in the Company’s Notification of Late
Filing on Form 12b-25 filed with the SEC on April 1, 2024 (the
“Form 12b-25”), the Company was unable to file its Form 10-K within
the prescribed period because the Company requires more time to
complete the procedures relating to its year-end process, including
the completion of the audit of the Company’s financial statements
by the Company’s independent auditors for inclusion in the Form
10-K. Subsequent to filing the Form 12b-25, the Company has
continued to dedicate significant resources to the completion of
such procedures.
The Company is working diligently to complete the necessary work
to file the Form 10-K as soon as practicable in order to restore
its trading status on OTC Markets Pink Market.
About MDWerks, Inc.
MDWerks, Inc. (“MDWerks”) (OTC: MDWK) is a forward-thinking
company that is leading the charge in the world of sustainable
technology. As a prominent provider of energy wave technologies,
MDWerks is committed to developing innovative solutions that help
businesses reduce their energy costs and drive business value. For
more information, please visit https://mdwerksinc.com/. MDWerks’
wholly owned subsidiary, Two Trees Beverage Company, is
headquartered deep in the Appalachian Mountain country, creating
fine spirits, aged sustainably. Two Trees’ fine spirits brands,
including Two Trees® and Tim Smith Spirits®, have received multiple
industry awards, including recent recognition at the 2022 Sip
Awards, the 2022 Fifty Best Awards, and the 2023 Best of Asheville.
For more information, please visit https://twotreesdistilling.com/.
MDWerks’ wholly owned subsidiary, RF Specialties, LLC, addresses
companies’ most pressing challenges by implementing automated radio
frequency technology systems in a sustainable way reducing energy
costs and increasing speed to market when compared to traditional
methods. For more information, please visit
https://www.rfspecialtiesus.com/.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking statements".
Forward-looking statements also may be included in other publicly
available documents issued by MDWK and in oral statements made by
our officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward-looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance. Because forward-looking
statements relate to the future, they are subject to inherent
risks, uncertainties and other factors that may cause MDWK’s actual
results and financial condition to differ materially from those
expressed or implied in the forward-looking statements. Such risks,
uncertainties and other factors include, among others such as, but
not limited to economic conditions, changes in the laws or
regulations, demand for MDWK’s products and services, the effects
of competition and other factors that could cause actual results to
differ materially from those projected or represented in the
forward-looking statements. Any forward-looking information
provided in this release should be considered with these factors in
mind. We caution investors not to rely unduly on any
forward-looking statements and urge you to carefully consider the
risks described in our filings with the Securities and Exchange
Commission from time to time, including our most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q
and Current Reports on Form 8-K, which are available on the
Securities and Exchange Commission’s website at sec.gov. We assume
no obligation to update any forward-looking statements contained in
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240524107133/en/
Company: MDWerks, Inc. Steven Laker T: (252) 501-0019
stevel@mdwerksinc.com Investor: The Equity Group Kalle Ahl,
CFA T: (303) 953-9878 kahl@equityny.com