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New York, New York--(Newsfile Corp. - October 16, 2020) - 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 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.
Corporate Universe Inc
SOURCE: Corporate Universe, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66180