Management of Puget Technologies, Inc. (“Puget”, Pink Open Market symbol “PUGE”), a Nevada corporation
subject to but delinquent in reporting requirements with the Securities and Exchange Commission (the
“Commission”) pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, has
observed unusual market activity in its securities apparently based on rumors of contemplated transactions and the
status of the company.
Such rumors are unfounded.
Puget has no current plans to change its corporate domicile from the State of Nevada although it plans to qualify
to conduct business in the State of Florida where its headquarters has been moved. Its current officers and
directors have never sold any of their securities in the company and have no current plans to do so. The
company’s authorized capitalization has not changed from that reported to the Commission in a report of current
events filed during 2017. Its officers and directors have not changed during the past five years and remain
dedicated to the company’s eventual success. Puget’s current efforts are directed at becoming current in its
reports to the Commission which requires that it obtain funds to pay for related costs, primarily auditing and legal
fees. Its current activities are concentrated in that direction. A report of current event on Commission Form 8-K
with reference to the foregoing is expected to be filed with the Commission this week.
Forward-Looking Statements
Any statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are
forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be
identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,”
“goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or
comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has
made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other
factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that
these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks,
uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that
these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors
could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update
one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking
statements.
For additional information, please contact Puget at
