Tuesday, January 14, 2020 10:46:25 PM
GeoEnchanced Technologies, Inc. Updates ShareholdersGun Barrel City, TX, Oct. 31, 2019 -- via OTC Markets --
Demand Brands, Inc. (OTCPK: DMAN), (“Company” or “DMAN”), released a shareholder update today following it's recently completed share exchange agreement between Demand Brands, Inc. and GeoEnhanced Technologies several weeks ago.
Management has been actively involved in executing several important milestones discussed herein. Since most of our shareholders are unfamiliar with the operations of GeoEnhanced, we felt it appropriate to commence our shareholder interaction with this letter of introduction and set the stage for what the company expects to accomplish over the coming year.
First, since the share exchange, we have been engaged in a lot of house cleaning issues with respect to Demand Brands.
https://backend.otcmarkets.com/otcapi/company/dns/news/document/38766/content
The transaction is being treated as a reverse merger with GeoEnhanced as the surviving entity for accounting and reporting purposes.
We have had to review all legacy actions to revise all of the OTC Markets disclosures and put in place new agreements with attorneys, accountants and the transfer agent while also managing legacy operations.
A major accomplishment of the transaction entailed getting a lot of the legacy convertible stock held by third parties negotiated into a cancellation. This time intensive process involved a lot of negotiating and paperwork. Fortunately, much of that business is now behind us.
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