|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0006 - 0.0006|
|52 Week Range||0.0006 - 0.0040|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chicago, IL, May 07, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) announces today an investment in the Company and provides color on strategic plans. The Company announces that its CEO, Vik Grover, has purchased 400,000 newly-created 1% Cumulative Convertible Series B Preferred Shares using his consideration of 210,000,000 free-trading common shares of Mobicard Inc. (www.freemobicard.com) a.k.a. Peer to Peer Network (PTOP/OTC).
On May 2, 2019, 2050 Motors filed its Form 10-Q for the three-month and nine-month periods ended September 30, 2019 (3Q18). The filing provides updated information regarding financing activities, corporate actions, and developments that pertain to the corporate strategy described below. With the filing of this Form 10-Q, management is pleased to report that the Company is on track to bring 2050 Motors current with its SEC reporting requirements.
2050 Motors Appoints Technology and Finance Industry Executive to Advisory BoardReviewing Sales Outlets for M&A to Accelerate B2C ModelAnnouncing Additional Market Focus on.
LAS VEGAS, March 11, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) today announced that its Board of Directors has approved the creation of an Advisory Board of up to five (5) technology, finance and business professionals to guide it into the next chapter of growth in the electric vehicle (EV) market. The Company is pleased to announce Aldo Baiocchi, Founder and CEO of DayMak Inc. (www.daymak.com), a leading provider of eBikes and related machinery, as the first member of this Advisory Board.
Effective March 6, 2019, William Fowler resigned as 2050’s CEO and Director and Bernd Schaefers resigned as Director of the Company. Concurrently with the resignations of Messrs. Fowler and Schaefers, the Company appointed me President, Chief Financial Officer, Secretary and Director. I have over 25 years’ experience on Wall Street as a banker and analyst at technology-focused firms such as Needham & Co. and Thomas Weisel Partners and have previous public company experience in various capacities as a Manager, Director and Consultant.
William L. Fowler, 2050 Motors’ President (US OTC: ETFM), announced today that the Stockholders Meeting that was scheduled for Tuesday, November 27 will be rescheduled for a date early next year. The rescheduling of the Stockholders Meeting is necessary for the Company to reevaluate its business strategy. 2050 Motors, Inc. (http://2050motors.com/about-us.html) is a publicly traded company founded to develop and produce the next generation of clean, lightweight, efficient vehicles and their associated technologies.