Corporate Universe Announces Second Significant Share Reduction of Common Stock
October 16 2020 - 1:48PM
InvestorsHub NewsWire
NEW YORK, NY
-- October 16,
2020 -- InvestorsHub NewsWire -- Corporate
Universe, Inc. (OTC
PINK: COUV) is pleased to announce the company has filed a
petition in Federal Court
for
the
cancellation of an
additional 89 Million
shares of common stock. The company expects a
response on
the final
decision soon.
This reduction
is in addition to the 106 Million shares of common
stock
the company previously purchased
and
then
retired to the
treasury, as stated in the August 25th press release.
Additionally,
the company has been diligently updating Otcmarkets.com and it is
anticipated that all financials, as
well as the attorney letter, will be posted as
expeditiously as possible.
We
are bringing
the company up to "Current" reporting
status. In
conjunction with updating the financials and becoming
current,
we
are bringing the company
current to
close major transactions. We
have already rebranded
the corporate
website which can be
found at CorpUniverse.com.
The company is excited to continue working toward its corporate
milestones quickly while rapidly increasing shareholder base and
value.
Isaac H
Sutton, CEO of
Corporate Universe,
stated "We have shown tremendous progress in recent months. We set
forth many milestones, inclusive of of going current, cleaning up
debt and drastically reducing our share structure. We are working
closely with OTC Markets to fulfill all
requirements.
We
strongly feel with the retirement of nearly 200 million shares of
common stock, which I am
confident will be a favorable
rule, will not only
significantly increase shareholder value, but will allow us to
focus on several important
ventures
we
are currently engaged in. We
truly
look forward
to updating our new and future shareholders in the very near
term."
Safe
Harbor:
Safe Harbor
Statement Information in this news release may contain statements
about future expectations, plans,
prospects, or performance of Corporate Universe, Inc.
that constitute
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. The words or phrases "can be," "expects," "may
affect,"
"believed," "estimate," "project," and similar words
and phrases are
intended to identify such forward-looking statements. Corporate
Universe, Inc. cautions you that any forward-looking information
provided by or on behalf of Corporate Universe, Inc.
is
not a guarantee of future performance. None of the
information in this
press release constitutes or is intended as an offer to sell
securities or investment advice of any kind. Corporate Universe,
Inc.'s actual results may differ materially from those
anticipated in
such forward-looking statements as a result of
various important
factors, some of which are beyond Corporate Universe, Inc.'s
control. In addition to those discussed in Corporate Universe,
Inc.'s press releases, public filings, and
statements by Corporate
Universe, Inc.'s management, including, but
not limited to,
Corporate Universe, Inc.'s estimate of the sufficiency of its
existing capital resources, Corporate Universe, Inc.'s ability to
raise additional capital to fund future operations,
Corporate
Universe, Inc.'s ability to repay its existing
indebtedness, the
uncertainties involved in estimating market opportunities and, in
identifying contracts which match Corporate Universe, Inc.'s
capability to be awarded contracts. All such
forward-looking
statements are current only as of the date on which
such statements were
made. Corporate Universe, Inc. does not undertake any obligation to
publicly update any forward-looking statement to reflect events or
circumstances after the date on which any such statement
is made or to reflect the occurrence of
unanticipated events.
Contact:
Corporate
Universe Inc
isutton@corpuniverse.com
1-302-273-1150
SOURCE:
Corporate Universe, Inc.
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