GRAND HAVEN, Mich., June 08, 2020 (GLOBE NEWSWIRE) -- Access-Power & Co,, Inc., (“ACCR or the Company”), a Grand Haven based diversified holding Company is pleased to announce that we have ended all pre-MERGER discussions with Stormy Simon.
ACCR has filed an 8-k with the US Securities & Exchange Commission for this event. ACCR is retracting in full our news story dated June 4, 2020. There is no offer on the table with Stormy Simon.
In other news, the Company’s Board of Directors at 12:00pm EST, have filed a 1-for-10 reverse split payable through FINRA.
The details will be as follows:
Announce/Declaration Date: June 8, 2020
Record Date: June 20, 2020
Payable Date June 30, 2020
Following FINRA approval, our verified rock solid steel share structure will be payable as follows:
AS 300,000,000
OS 30,000,000
Patrick 18,698,438
FLOAT 9,837,415
May GOD bless this transaction.
GO ACCR!
There are many changes coming ahead to ACCR. We were victims of a naked convertible death spiral debenture from the past, and we survived it. Established in 1996, Access-Power & Co., Inc. is a Florida based for-profit Corporation with operations in West Michigan.
There are various risk factors that should be carefully considered in evaluating our business; because such factors may have a significant impact on our business, our operating results, our liquidity and financial condition. As a result of these various risk factors, actual results could differ materially from those projected in any forward-looking statements. Additional risks and uncertainties not presently known to us, or that we currently consider to be immaterial, may also impact our business, result of operations, liquidity and financial condition. If any such risks occur, our business, its operating results, liquidity and financial condition could be materially affected in an adverse manner. Under such circumstances, if a stable trading market for our securities is established, the trading price of our securities could decline, and you may lose all or part of your investment.
SECURITIES ISSUED BY THE COMPANY INVOLVE A HIGH DEGREE OF RISK AND, THEREFORE, SHOULD BE CONSIDERED EXTREMELY SPECULATIVE. THEY SHOULD NOT BE PURCHASED BY PERSONS WHO CANNOT AFFORD THE POSSIBILITY OF THE LOSS OF THE ENTIRE INVESTMENT. PROSPECTIVE INVESTORS SHOULD READ ALL OF THE COMPANY'S FILINGS, INCLUDING ALL EXHIBITS, AND CAREFULLY CONSIDER, AMONG OTHER FACTORS THE VARIOUS RISK FACTORS THAT MAY BE PRESENT.
You should be aware that there are many substantial risks to an investment in our common stock. Carefully consider these risk factors, along with any available information currently reported by the Company (of which there are note), before you decide to invest in shares of our common stock.
If these risk factors were to occur, our business, financial condition, results of operations or future prospects could be materially adversely affected. If that happens, the market price for our common stock, if any, could decline, and prospective investors would likely lose all or even part of their investment.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the Company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the Company's business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors.
Contact Information:
Patrick J. Jensen
Director
Tel: 616.312.5390
Email: pjensen@myaccess-power.com
Corporate Website: http://www.myaccess-power.com
Access-Power & Co., Inc.
OTC Ticker: ACCR