$SPOM SPO Global. Inc., Provides a Shareholder Update
Press Release | 06/23/2020
SPO Global, Inc. (OTC Markets: SPOM) (the Company), is offering a review of the latest financials reported to OTC Markets and forward looking guidance as to the remainder of the year. Mr. Fengyou Lu, the CEO of SPO Global Inc., stated The previous quarter was a challenge for SPO Global, as it has been for the entire world. Our company, being relatively close to the epicenter of the pandemic, had to face some unique challenges. Our country, like the world, had to focus on Covid-19. The virus impacted every aspect of our business model. It was disruptive to every aspect of our business.
Mr. Lu continued his statement by looking forward, Through the pandemic we have worked hard to ensure the health and well-being of our teams and customers and the continuity of our business. This effort will be demonstrated as our company is poised to continue growth into 2021. We have every expectation that the business model will yield economic improvements as we move forward. The company is very excited with the progress being made with Fuyutang Franchises partnership agreement to set up more than 100 clinics in multiple cities, to build a national wide Fuyutang Chinese Medicine Clinic Franchise in the next two years. We expect that this will be an economic driver for the company with short term implications leading to long term growth.
About SPO Global
SPO Global Inc. (OTC Markets: SPOM) recently completed its merger with Gerpang Healthcare Group. (www.gerpanghealthcare.com). Its subsidiary, Shandong Gerpang Biotechnology Co., Ltd. is an innovative and technological private enterprise located in the pharmaceutical Valley Industrial Park of Jinan high tech Zone. Its main business scope includes biomedical R&D, medical information software development and sales, medical high-tech introduction, medical high-quality consumables production and sales, health care products, drugs, medical equipment consumables agency and sales.
Company Disclaimers: As a "penny stock" Company, within the meaning of federal and state securities law, SPO Global, Inc. may not avail itself of the Safe Harbor provisions as identified in the Private Securities Litigation Reform Act of 1995. However, SPO Global, Inc. provides the following disclaimer and warning to protect our shareholders, prospective investors and the public at large by alerting them to the risks and uncertainties involved with any investment, and the need to perform their own due diligence and assessment.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
Source: SPO Global Inc.