Here's your sign!
Beneficial Owners
Name of Beneficial Owner (1)
Common Stock
Beneficially
Owned 4.41
% of
Common
Stock
Wayne Anderson
216.588,391
Wayne believes in his company he owns 216+ million shares.
ST.PETERSBURG, Fla. May 7, 2015 -- Sylios Corp (OTC Pink:UNGS), a announced that the Company has filed its financials to become "Current" on the OTC Markets.
ST.PETERSBURG, Fla. May 21, 2015 -- Sylios Corp (OTC Pink:UNGS),
The Company's status with OTC Markets was elevated to "Current Information".
In respect to its recently announced marina development, the Company is currently interviewing and requesting bids from three marina developers for the build-out phase. Permits are still on schedule for submission to the required regulatory agencies. In addition, the Company is in its final stages of due diligence for a second marina development in Aventura, FL. The project allows for the development of ten dockominiums housing yachts from 80-100' in length. Projected gross sales range between $2.5-3.0 million. Two of the four required permits are in hand, substantially decreasing the amount of time before construction can begin. The Company will make its final determination prior to month's end as whether to close on the transaction.
The GCC Superstore remains under construction with progress being made weekly. The Company has added one additional tier-1 supplier for products ranging from vaporizers, grinders and other accessories. Additional suppliers will be added as the Superstore comes closer to opening. The Company's current projection is for a July 4th Grand Opening for the GCC Superstore. The Company will be providing a detailed update on the automated dispensing kiosk the week of June 1st.
The Company has elected to place its Kentucky oil and gas operations up for sale to generate the required capital needed for its marina development(s) project and its cannabis division. By doing so, the Company will divert itself from raising capital through dilutive means.
Wayne Anderson, President of Sylios Corp, noted, “I am pleased to be able to provide shareholders with an update on all operational fronts. Each of the projects detailed will have an impact on the Company's revenue in the second half of 2015 and through 2016."
