DENVER, Colorado, Feb. 16, 2018 (GLOBE NEWSWIRE) -- SKY Digital Holdings Corp. today announced that it has received approval from FINRA for a name change from SKY Digital Holdings Corp (Ticker symbol SKYC) to Qualis Innovations Inc. with a new ticker symbol (OTC:SKYCD).
The name change will be effective at opening on February 14, 2018. The new symbol will be SKYCD. The “D” will be removed in 20 business days and the symbol will change to QLIS. FINRA has also approved a one for 1,000 reverse split. The reverse split will also take effect February 14, 2018 at opening.
Qualis Innovations Inc. is an acquisition company that intends on making acquisitions in the consumer, healthcare sector or emerging technologies sector. The acquisitions the company will focus on can be of emerging companies or young companies in need of capital that can grow significantly in size overtime by developing new products or executing on the marketing of existing products . The characteristics that the company are high and sustainable margins in industries that are growing and that are fragmented.
The Company has a new Board of Directors: Richard J. Prati, a seasoned business executive, investor, entrepreneur, philanthropist, and hands-on turnaround specialist, has served as Chief Executive Officer of Life Care Medical Devices since 2013 (www.lcmd.com), and CEO of Prati Management, a small Family Office since 2012. LCMD is an innovative non-invasive company utilizing electromagnetic induction to target the aesthetics space and seeking to address multiple other conditions as well. Richard has over 20 years of proven financial leadership and operational execution in investment banking, institutional equity sales, and professional investment management.
Dr. Richard Oliver received a BA degree from Monmouth College with a Major in Biology. After college, Dr. Oliver served a short term in the US Navy during the Vietnam conflict until acceptance to medical school. After graduating from Rosalind Franklin School of Medicine and Science in Chicago, Dr. Oliver came to Denver to set up practice. Within a few years, Dr. Oliver founded LKB Surgical Center in Denver and became the CEO and Chief of Surgery for the Center. During his time in practice in Denver, Dr. Oliver became one of the chief officers of the surgical department at Rocky Mountain Osteopathic Hospital.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "beliefs," "estimates," "expects," "intends," " plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.