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RECENT EMAIL FROM CEO REGARDING MERGER:
BottomzUpp Member Level Wednesday, 07/18/18 01:35:30 PM
Re: Let's Roll post# 4324316 0
Post #
4324318
of 4331713
$MCGI LOI MERGER STILL ON....SEE EMAIL BELOW:
EMAIL BACK FROM CEO REGARDING LOI W/4LESS:
Timothy Armes <tarmes@nurseslounge.com>
To XXX Today at 11:31 AM
Everything is moving forward as planned. Very excited about the opportunity.
Learn more about 4Less
www.the4lesscorp.com
Timothy Armes
President and CEO
MedCareers Group, Inc.
972-489-6300
tarmes@nurseslounge.com
on Jul 18, 2018, at 10:05 AM, xxx> wrote:
Good Morning,
I was wondering if there was any update on the progress of the binding agreement with 4Less Corp? Or do you know when we would expect to hear from the company regarding any updates on this front? Additionally do you know when the quarterly will be filed?
Thanks in advance
The Company is run by Timothy Armes who was founder of jobs.com which sold to Monster.com in 2002 for $800,000.
Later, with Arms still at the helm the Company received another $62 million in advertising, promotion and “other consideration” over a five-year period from Media giant CBS Corp. Mr. Arms said at the time the deal “will allow us to reach deep into local markets with traditional advertising opportunities.”
https://www.microcapdaily.com/todays-stock-spotlight-is-medcareers-group-inc-otcmktsmcgi/19626/
Timothy Armes - accountant and founder of JOBS.COM
About
Timothy Armes is the founder and CEO of NursesLounge.com, a social media platform for nurses and the medical community. Tim is also an accountant and the founder and former CEO of jobs.com. Tim and Hade Technologies are working collectively to test and develop the Verifie blockchain protocol. Hade Tech uses Verifie to verify the information in its financial database, the source of information. Hade Pay uses Verifie to verify the ownership of digital wallet addresses, and Tim plans to use blockchain and specifically Verifie to hold licenses, certifications, and educational information tied to the medical community. Verifie is a private blockchain protocol owned and operated by Hade Pay.
Youre also quoting numbers from 2017 quarterly reports
There been no mention of any financing as of yet why don’t we wait and see
BECOMING CURRENT BEFORE ACQUISITION, GETTING CLOSE
Q's JUST FILED FOR ALL OF 2017
To facilitate the transaction we plan to be current with all required filings including the January 31, 2018 Form 10-K and April 30, 2018 Form 10-Q. Additionally, we are looking at various strategic options to further enhance shareholder value, including the option of selling our subsidiary, which could relieve the Company of much of its debt.
Acquisition - On June 18, 2018, the Company entered into a Binding Letter of Intent (“Binding LOI”), with The 4 Less Corp. (“4Less”). The Company will acquire all of the issued and outstanding shares of common stock of 4Less by (1) issuance of 19,000 shares of Series B preferred stock; (2) issuance of 6,750 shares of Series C preferred stock; (3) issuance of 750 shares of Series D preferred stock to shareholders; and (4) payment of $150,000 to 4Less within 15 days of execution of this Binding LOI. Timothy Armes, CEO of the Company, agreed to return 60,000,000 shares of common stock of the Company in exchange 120 shares of Series D preferred stock at the time of execution of the definitive agreement.
http://archive.fast-edgar.com//20180806/AB2Z422CZ22232Z2222M2WDZS76PZZF23PA2/
As of July 31, 2018 there were 962,143,141 shares of Common Stock of the issuer outstanding.
http://archive.fast-edgar.com//20180806/AB2Z422CZ22232Z2222M2WDZS76PZZF23PA2/
WEIRD VOLUME FOR FRIDAY? NEWS LEAKED? INSIDER INFO?
Atleast no dilution just impatience a lot of churning in this area, the float is practically locked in the 001 range, when this takes off forget about it
float has churned in this area for a while now....should rocket with news
Glad he’s still responding, hoping we fly soon
Thanks for update
$MCGI LOI MERGER STILL ON....SEE EMAIL BELOW:
EMAIL BACK FROM CEO REGARDING LOI W/4LESS:
Timothy Armes <tarmes@nurseslounge.com>
To XXX Today at 11:31 AM
Everything is moving forward as planned. Very excited about the opportunity.
Learn more about 4Less
www.the4lesscorp.com
Timothy Armes
President and CEO
MedCareers Group, Inc.
972-489-6300
tarmes@nurseslounge.com
on Jul 18, 2018, at 10:05 AM, xxx> wrote:
Good Morning,
I was wondering if there was any update on the progress of the binding agreement with 4Less Corp? Or do you know when we would expect to hear from the company regarding any updates on this front? Additionally do you know when the quarterly will be filed?
Thanks in advance
$MCGI LOI MERGER STILL ON....SEE EMAIL BELOW:
EMAIL BACK FROM CEO REGARDING LOI W/4LESS:
Timothy Armes <tarmes@nurseslounge.com>
To XXX Today at 11:31 AM
Everything is moving forward as planned. Very excited about the opportunity.
Learn more about 4Less
www.the4lesscorp.com
Timothy Armes
President and CEO
MedCareers Group, Inc.
972-489-6300
tarmes@nurseslounge.com
on Jul 18, 2018, at 10:05 AM, xxx> wrote:
Good Morning,
I was wondering if there was any update on the progress of the binding agreement with 4Less Corp? Or do you know when we would expect to hear from the company regarding any updates on this front? Additionally do you know when the quarterly will be filed?
Thanks in advance
she moves pretty easily, substantial news = .005+
Exciting to see multi million merger on track
inquired again regarding quarterly report, keep everyone updated
GLAD TO SEE TRANSPARENCY FROM CEO
EMAIL BACK FROM CEO REGARDING LOI W/4LESS:
Timothy Armes <tarmes@nurseslounge.com>
To XXX Today at 11:31 AM
Everything is moving forward as planned. Very excited about the opportunity.
Learn more about 4Less
www.the4lesscorp.com
Timothy Armes
President and CEO
MedCareers Group, Inc.
972-489-6300
tarmes@nurseslounge.com
on Jul 18, 2018, at 10:05 AM, xxx> wrote:
Good Morning,
I was wondering if there was any update on the progress of the binding agreement with 4Less Corp? Or do you know when we would expect to hear from the company regarding any updates on this front? Additionally do you know when the quarterly will be filed?
Thanks in advance
NICE BUY VOLUME THIS MORNING, NEWS COMING
atleast its up and not down! could be worse. we are green
Monday, June 25 2018 9:17 PM, EST DSG Global, Inc. Releases Shareholder Update GlobeNewswire "Press Releases"
DSG Global is days away from completing the restructure and back to generating sales
Surrey B.C. , June 25, 2018 (GLOBE NEWSWIRE) -- (OTC Pink: DSGT) Today, the company is releasing the following shareholder update in order to provide information to its shareholders and to keep them informed as to the companys path to financial recovery.
As previously disclosed, the company is involved in an overall debt and corporate restructuring approved by the companys Board of Directors. The notes previously owed to EMA Financial, LLC , Auctus Fund, LLC , Labrys Fund and LG Capital Funding, LLC have been transferred and converted. Today, it is my pleasure to inform our shareholders that an additional $8M in liabilities has been converted into longer term preferred equity. The debt remediation efforts are being co-managed by OTCWORKOUTS, LLC and our litigation counsel, The Basile Law Firm P.C. , and we have now remediated almost $10M from our booked liabilities.
We expect to announce another $3M of liabilities transferred into longer term preferred equity as well as announce a similar settlement of the debt currently booked to Coastal Investment Partners, LLC of $200,000.00 and settlement with JSJ Capital in amount of $100,000.00 over the next two weeks. This will eliminate all Convertible Notes on the books.
There is still much work to be done, but we are more than 90% complete with our debt remediation efforts. The Company has been working hard at cleaning up the companys books as we position the Company to attract and close longer term more traditional non-dilutive capital, allowing the company to improve shareholder value with plans to up-list to a national exchange.
We have also been in discussions with several potential acquisition targets, especially in the area of smart golf product technologies that we intend on integrating into our products to offer a cutting-edge interactive experience for golfers. The acquisitions we are looking at include intellectual property rights as applied to products already in development by these companies. We would not have these potential opportunities if we did not undertake this restructuring.
Along with the potential acquisitions DSG has made the move to form a strategic alliance with an Australia company that is working with DSG in the introduction of the new INFINITY XL and the 3G TAG. At first glance we are already in front of numerous courses through-out Australia and New Zealand .
The NEW LOOK INFINITY has certainly caught the eye of end users.The first Final INFINITY XL arrived on Friday ready to be deployed to the market with a further 2000 to follow. Work on the 10.2 roof mount is also in final stages of design.
We are also in the process of scheduling a meeting with a New York Stock Exchange Member investment banking firm in New York to discuss the development of a funding plan that could include acquisition, manufacturing and growth capital to meet our financial needs for the next 2-3 years although I cannot confirm at this time whether we will be able to secure said banker to assist us and no such agreement is in place at the moment.
I expect to be able to update our shareholders over the next few weeks on further progress. I cannot predict if, and/or when the company will complete its restructuring plans, but we are working hard to complete this as soon as practicable.
In the meantime, the company and its Board of Directors do appreciate your continued support.
Very truly yours,
Bob Silzer
About DSG Global Inc.DSG Global Inc. (DSGT) is one of the new breed of Software-as-a-Service (SaaS) companies that are dominating the IT industry. DSGT provides electronic tracking systems fleet management solutions and mobile digital data for players. Our clients are using DSGTs patented technology to significantly reduce costs, increase safety and enhance customer satisfaction. DSGT has historically focused on the golf industry, where golf course operators manage their fleet of golf carts, turf equipment, and utility vehicles remotely using DSGTs SaaS Technology. DSGT is now addressing the PACE OF PLAY problems that exist on golf courses today and introducing the NEW ELECTRIC SINGLE FAIRWAY RIDER G3 to the golf industry. The new Fairway Rider G3 will be equipped with the patented DSG TAG for tracking and the new 7 INFINITY LITE. DSGT is also aggressively branching into several revenue streams, through programmatic advertising, licensing, distribution, commercial fleet management and agricultural applications.
www.dsgtag.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include statements relating to the Companys corporate finance and other strategic initiatives, and the Companys expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to enter into contracts with golf courses for the Fairway Rider G3 or any revenue that may be generated therefrom; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in our filings with the Securities and Exchange Commission . Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
Contact: For information, please contact: Investor Relations Chesapeake Group 410.825.3930
Source: DSG GLOBAL INC.
$DSGT CHART -
Share Structure
Market Cap
1,256,313
06/22/2018
Authorized Shares
2,000,000,000
04/17/2018
Outstanding Shares
966,394,233
04/18/2018
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
904,208,058
04/17/2018
Par Value
No Par Value
FINANCIAL REPORTING
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
03/31/2018
CIK
0001413909
Fiscal Year End
12/31
COMPANY OFFICERS
Robert Silzer
CEO, CFO, President, Secretary
DSGT NEWS-DEBT ELIMINATED/CORPORATE RESTRUCTURING WITH POTENTIAL UP-LISTING. CHART BELOW
.0013x.0014, GOING TO BE A NICE MOVER TOMORROW!
Monday, June 25 2018 9:17 PM, EST DSG Global, Inc. Releases Shareholder Update GlobeNewswire "Press Releases"
DSG Global is days away from completing the restructure and back to generating sales
Surrey B.C. , June 25, 2018 (GLOBE NEWSWIRE) -- (OTC Pink: DSGT) Today, the company is releasing the following shareholder update in order to provide information to its shareholders and to keep them informed as to the companys path to financial recovery.
As previously disclosed, the company is involved in an overall debt and corporate restructuring approved by the companys Board of Directors. The notes previously owed to EMA Financial, LLC , Auctus Fund, LLC , Labrys Fund and LG Capital Funding, LLC have been transferred and converted. Today, it is my pleasure to inform our shareholders that an additional $8M in liabilities has been converted into longer term preferred equity. The debt remediation efforts are being co-managed by OTCWORKOUTS, LLC and our litigation counsel, The Basile Law Firm P.C. , and we have now remediated almost $10M from our booked liabilities.
We expect to announce another $3M of liabilities transferred into longer term preferred equity as well as announce a similar settlement of the debt currently booked to Coastal Investment Partners, LLC of $200,000.00 and settlement with JSJ Capital in amount of $100,000.00 over the next two weeks. This will eliminate all Convertible Notes on the books.
There is still much work to be done, but we are more than 90% complete with our debt remediation efforts. The Company has been working hard at cleaning up the companys books as we position the Company to attract and close longer term more traditional non-dilutive capital, allowing the company to improve shareholder value with plans to up-list to a national exchange.
We have also been in discussions with several potential acquisition targets, especially in the area of smart golf product technologies that we intend on integrating into our products to offer a cutting-edge interactive experience for golfers. The acquisitions we are looking at include intellectual property rights as applied to products already in development by these companies. We would not have these potential opportunities if we did not undertake this restructuring.
Along with the potential acquisitions DSG has made the move to form a strategic alliance with an Australia company that is working with DSG in the introduction of the new INFINITY XL and the 3G TAG. At first glance we are already in front of numerous courses through-out Australia and New Zealand .
The NEW LOOK INFINITY has certainly caught the eye of end users.The first Final INFINITY XL arrived on Friday ready to be deployed to the market with a further 2000 to follow. Work on the 10.2 roof mount is also in final stages of design.
We are also in the process of scheduling a meeting with a New York Stock Exchange Member investment banking firm in New York to discuss the development of a funding plan that could include acquisition, manufacturing and growth capital to meet our financial needs for the next 2-3 years although I cannot confirm at this time whether we will be able to secure said banker to assist us and no such agreement is in place at the moment.
I expect to be able to update our shareholders over the next few weeks on further progress. I cannot predict if, and/or when the company will complete its restructuring plans, but we are working hard to complete this as soon as practicable.
In the meantime, the company and its Board of Directors do appreciate your continued support.
Very truly yours,
Bob Silzer
About DSG Global Inc.DSG Global Inc. (DSGT) is one of the new breed of Software-as-a-Service (SaaS) companies that are dominating the IT industry. DSGT provides electronic tracking systems fleet management solutions and mobile digital data for players. Our clients are using DSGTs patented technology to significantly reduce costs, increase safety and enhance customer satisfaction. DSGT has historically focused on the golf industry, where golf course operators manage their fleet of golf carts, turf equipment, and utility vehicles remotely using DSGTs SaaS Technology. DSGT is now addressing the PACE OF PLAY problems that exist on golf courses today and introducing the NEW ELECTRIC SINGLE FAIRWAY RIDER G3 to the golf industry. The new Fairway Rider G3 will be equipped with the patented DSG TAG for tracking and the new 7 INFINITY LITE. DSGT is also aggressively branching into several revenue streams, through programmatic advertising, licensing, distribution, commercial fleet management and agricultural applications.
www.dsgtag.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include statements relating to the Companys corporate finance and other strategic initiatives, and the Companys expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to enter into contracts with golf courses for the Fairway Rider G3 or any revenue that may be generated therefrom; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in our filings with the Securities and Exchange Commission . Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
Share Structure
Market Cap
1,256,313
06/22/2018
Authorized Shares
2,000,000,000
04/17/2018
Outstanding Shares
966,394,233
04/18/2018
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
904,208,058
04/17/2018
Par Value
No Par Value
Contact: For information, please contact: Investor Relations Chesapeake Group 410.825.3930
FINANCIAL REPORTING
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
03/31/2018
CIK
0001413909
Fiscal Year End
12/31
COMPANY OFFICERS
Robert Silzer
CEO, CFO, President, Secretary
DSGT NEWS OUT-DEBT ELIMINATED/CORPORATE RESTRUCTURING WITH POTENTIAL UP-LISTING. CHART BELOW
.0013x.0014, GOING TO BE A NICE MOVER TOMORROW!
Monday, June 25 2018 9:17 PM, EST DSG Global, Inc. Releases Shareholder Update GlobeNewswire "Press Releases"
DSG Global is days away from completing the restructure and back to generating sales
Surrey B.C. , June 25, 2018 (GLOBE NEWSWIRE) -- (OTC Pink: DSGT) Today, the company is releasing the following shareholder update in order to provide information to its shareholders and to keep them informed as to the companys path to financial recovery.
As previously disclosed, the company is involved in an overall debt and corporate restructuring approved by the companys Board of Directors. The notes previously owed to EMA Financial, LLC , Auctus Fund, LLC , Labrys Fund and LG Capital Funding, LLC have been transferred and converted. Today, it is my pleasure to inform our shareholders that an additional $8M in liabilities has been converted into longer term preferred equity. The debt remediation efforts are being co-managed by OTCWORKOUTS, LLC and our litigation counsel, The Basile Law Firm P.C. , and we have now remediated almost $10M from our booked liabilities.
We expect to announce another $3M of liabilities transferred into longer term preferred equity as well as announce a similar settlement of the debt currently booked to Coastal Investment Partners, LLC of $200,000.00 and settlement with JSJ Capital in amount of $100,000.00 over the next two weeks. This will eliminate all Convertible Notes on the books.
There is still much work to be done, but we are more than 90% complete with our debt remediation efforts. The Company has been working hard at cleaning up the companys books as we position the Company to attract and close longer term more traditional non-dilutive capital, allowing the company to improve shareholder value with plans to up-list to a national exchange.
We have also been in discussions with several potential acquisition targets, especially in the area of smart golf product technologies that we intend on integrating into our products to offer a cutting-edge interactive experience for golfers. The acquisitions we are looking at include intellectual property rights as applied to products already in development by these companies. We would not have these potential opportunities if we did not undertake this restructuring.
Along with the potential acquisitions DSG has made the move to form a strategic alliance with an Australia company that is working with DSG in the introduction of the new INFINITY XL and the 3G TAG. At first glance we are already in front of numerous courses through-out Australia and New Zealand .
The NEW LOOK INFINITY has certainly caught the eye of end users.The first Final INFINITY XL arrived on Friday ready to be deployed to the market with a further 2000 to follow. Work on the 10.2 roof mount is also in final stages of design.
We are also in the process of scheduling a meeting with a New York Stock Exchange Member investment banking firm in New York to discuss the development of a funding plan that could include acquisition, manufacturing and growth capital to meet our financial needs for the next 2-3 years although I cannot confirm at this time whether we will be able to secure said banker to assist us and no such agreement is in place at the moment.
I expect to be able to update our shareholders over the next few weeks on further progress. I cannot predict if, and/or when the company will complete its restructuring plans, but we are working hard to complete this as soon as practicable.
In the meantime, the company and its Board of Directors do appreciate your continued support.
Very truly yours,
Bob Silzer
About DSG Global Inc.DSG Global Inc. (DSGT) is one of the new breed of Software-as-a-Service (SaaS) companies that are dominating the IT industry. DSGT provides electronic tracking systems fleet management solutions and mobile digital data for players. Our clients are using DSGTs patented technology to significantly reduce costs, increase safety and enhance customer satisfaction. DSGT has historically focused on the golf industry, where golf course operators manage their fleet of golf carts, turf equipment, and utility vehicles remotely using DSGTs SaaS Technology. DSGT is now addressing the PACE OF PLAY problems that exist on golf courses today and introducing the NEW ELECTRIC SINGLE FAIRWAY RIDER G3 to the golf industry. The new Fairway Rider G3 will be equipped with the patented DSG TAG for tracking and the new 7 INFINITY LITE. DSGT is also aggressively branching into several revenue streams, through programmatic advertising, licensing, distribution, commercial fleet management and agricultural applications.
www.dsgtag.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include statements relating to the Companys corporate finance and other strategic initiatives, and the Companys expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to enter into contracts with golf courses for the Fairway Rider G3 or any revenue that may be generated therefrom; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in our filings with the Securities and Exchange Commission . Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
Share Structure
Market Cap
1,256,313
06/22/2018
Authorized Shares
2,000,000,000
04/17/2018
Outstanding Shares
966,394,233
04/18/2018
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
904,208,058
04/17/2018
Par Value
No Par Value
Contact: For information, please contact: Investor Relations Chesapeake Group 410.825.3930
FINANCIAL REPORTING
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
03/31/2018
CIK
0001413909
Fiscal Year End
12/31
COMPANY OFFICERS
Robert Silzer
CEO, CFO, President, Secretary
9pm news, really?
10 million is nothing, when news hits and you see 200m day it will blow through it, MMs put up walls to load at lower prices
COMPANIES DONT R/S WITH O/S AT HALF THE A/S. A/S IS 2B, O/S CURRENTLY AROUND 1B
MARKET MARKERS MOVING IT, HOPE EVERYONE PICKED UP CHEAPIES!
should be pretty thin after .003, last resistance
WE BREAK RESISTANCE AT .0025, BLUE SKIES AFTER
Thursday, June 21 2018 4:13 PM, EST Realbiz Media Group/Verus Foods Reports Q2 Fiscal 2018 Results, Provides Corporate Update GlobeNewswire "Press Releases"
Gaithersburg, MD ., June 21, 2018 (GLOBE NEWSWIRE) -- RealBiz Media Group, Inc. (RBIZ), currently operating as Verus Foods (the Company), yesterday announced the financial results for its second quarter of fiscal 2018, ended April 30, 2018 . In conjunction with these results, the Company is also providing a corporate update.
In terms of Q2/2018, management is noting the following items of importance:
For the first six months of fiscal 2018, Verus revenue totaled $2,234,444 , a 102% increase over the $985,068 reported in the first half of fiscal 2017
For the comparable six-month periods, Total Operating Expenses showed a 22% improvement at $991,645 in the first half of fiscal 2018 vs. $1,275,738 in fiscal 2017
Legal and Professional Fees in Q2/2018 were $168,280 and accounted for 31% of the Companys operating costs, but are expected to decrease following completion of the spin-off
We are putting the finishing touches on 10 SKUs and have begun designing a dozen additional products, with a goal of steadily adding to our portfolio throughout 2018, explained Verus CEO Anshu Bhatnagar . As we previously communicated, we are shifting from a wholesale to a retail focus as part of a strategy to create a more valuable distribution network, beginning with about 2,800 locations. Our SKUs are not private label versions of existing products but are based on original recipes under our own labeling and branding.
On a forward basis, the Company would like to provide the following update:
Verus has completed and filed all of the required paperwork for the NestBuilder spin-off and that process is at the Secondary Review level at FINRA
The Company is in the final due diligence stages of multiple forms of trade financing
Verus has completed labeling, packaging and is fine tuning the formulations on original, proprietary product offerings for its starting 2,800-store network, with a Phase 2 rollout planned later in 2018 that will significantly expand this initial store base
The shift from wholesale to retail is underway, which will greatly improve margins on future revenue streams
The Company can confirm that it is in talks with Asian, South American, and North American food companies that have an interest in entering the Gulf Cooperation Council (GCC) markets
Verus can confirm that it has its first business proposals from South America , which will only be implemented pending the outcome of current financing discussions
The recent increase in our share count is from conversions connected to financings from a time when our capital options were restricted by lawsuits and spin-off delays, said Verus CEO Anshu Bhatnagar . However, we remain dedicated to seeking future funding that carries better terms and that can help us grow our business. As a result, we are concentrating on arranging trade financing from more traditional and expert sources of funding for our type of business. We have already successfully completed the due diligence process with purchase order and accounts receivable financing organizations; and are in the final stages with other funding entities who represent the final link in our supply chain needs. Our orders involve simple products but have complex structures because they are international. This has been a rigorous and difficult process, but we believe that the extra time and effort will be beneficial to shareholders.
The Company has decided to reschedule its investor call, pending additional material developments that are in process. While there is no guarantee that these events will occur, management will provide an update call with investors to discuss these important events in the future.
In order to help investors, partners and customers track the companys product line expansion, Verus intends to post ongoing operational updates, including photos of packaging and in-store displays, on its Twitter feed@Verus_Foods. With a seasoned team of regional, in-house product development experts, the Company anticipates a steady stream of product announcements throughout 2018.
About RealBiz Media Group, Inc.
RealBiz Media Group, Inc. consists of two business segments: an international food subsidiary ( Verus Foods ) that sells products to customers worldwide; and a real estate digital media and technology company. RealBiz Media Group, Inc. (OTC: RBIZ) trades on the OTC marketplace for early stage and developing U.S. and international companies. Investors can find Real-Time quotes and market information for the company onwww.otcmarkets.com.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words could, believe, anticipate, intend, estimate, expect, may, continue, predict, potential, project and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Companys filings with the U.S. Securities and Exchange Commission . Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Investor Contact: MKR Group Inc. Todd Kehrli or Mark Forney rbiz@mkr-group.com
Source: RealBiz Media Group
news out
355,284,081 - Common stock, $0.001 par value; 1,500,000,000 shares authorized and 355,284,081 and 249,228,276 shares issued and outstanding as of April 30, 2018 and October 31, 2017, respectively
not sure where you see that?
Common stock, $0.001 par value; 1,500,000,000 shares authorized and 355,284,081 and 249,228,276 shares issued and outstanding as of April 30, 2018 and October 31, 2017, respectively
http://archive.fast-edgar.com//20180620/AL24922CZ22R52PZ2U2P22X2MWBEZZ22Z2A2/