NEW YORK, NY, Jan. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced the Company’s plans to pursue an uplisting of its common shares to the OTCQB operated by the OTC Markets Group.
The Company believes that a move to the OTCQB will provide enhanced investor benefits as the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier. The move is a step towards Byzen Digital’s long-term goal of becoming a listed company on the NASDAQ national exchange.
Commenting on the announcement, Byzen Digital president Chris Percy said, “I am pleased to announce our intention to apply for listing on the OTCQB. It has always been our intention to one day trade on a national exchange and we are now taking the first steps towards achieving that goal. This listing is part of an ongoing drive to strengthen Byzen Digital’s operational business and corporate activity as the company looks towards implementing its acquisition strategy in 2019.
“This is a very exciting time for Byzen Digital. We believe that the acquisitions we are targeting are set to add value, management infrastructure and excellent opportunities for revenue growth,” concluded Mr. Percy.
Axiom Partnership CEO Tom Beckett added: “We are delighted to announce our intention to seek a listing on the OTCQB for Byzen Digital’s common shares and we believe this news will be welcomed by shareholders. It is our hope that this listing will enhance the company’s access to global markets and place the company at a better vantage point for achieving the long-term commercial objectives developed in partnership with Byzen Digital’s board.”
The application process does not guarantee acceptance of the Company’s application by the OTC Markets Group to the OTCQB.
About Byzen Digital Inc.
Byzen Digital is a high-growth organisation focused on mergers and acquisitions in the tech space.
Originally set up to service the growing blockchain sector, Byzen’s scope has quickly grown beyond its initial focus to incorporate start-ups and SMEs from the wider tech arena including cybersecurity, data storage, cloud-tech, analytics, software and digital applications.
The Byzen family provides vital strategic insight, global funding access and a robust corporate structure to support its incorporated ventures in positioning concepts for global success.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The company assumes no duty to update its forward-looking statements.