Denver, Colorado--(Newsfile Corp. - August 21, 2020) - Torque Lifestyle Brands, Inc. (OTC Pink: CDRL) (OTC Pink: TQLB) (formerly, Commodore International Corp.), announced effective August 24th 2020 that FINRA has confirmed and approved the Corporate Action which includes the name change, changing the stock symbol and a reverse stock split.
Figure 1: Torque Lifestyle Brands, Inc.
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The Company announced today that FINRA has confirmed and approved the change to Torque Lifestyle Brands, Inc. as well as a change in its symbol from "CDRL" to "TQLB" and a 400:1 reverse stock split.
From Monday August 24th 2020, the stock will trade on a post-split basis on the symbol CDRLD for the next 20 business days, whereafter, on or around September 21st 2020, the company's stock symbol will change to TQLB.
The Company is currently filing paperwork with OTC Markets to be able to file the relevant disclosures in order to become a "Current Information" company.
About Torque Lifestyle Brands, Inc.:
Headquartered in Wheat Ridge Colorado, Torque Lifestyle Brands, Inc. is a developer and manufacturer of Nutritional Supplements for the Sports Industry that is traded on the Over the Counter market under the symbol CDRL. (CDRLD/TQLB)
Information about Forward-Looking Statements
This press release contains "forward-looking statements" that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Global House Holdings, Ltd., please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. 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.
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