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COUV - response to SEC suspension

https://www.accesswire.com/629293/Corporate-Universe-Response-to-SEC-Suspension

Corporate Universe Response to SEC Suspension
Thursday, February 11, 2021 8:45 AM
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Topic: Company Update
NEW YORK, NY / ACCESSWIRE / February 11, 2021 / Corporate Universe, Inc. (OTC:COUV) is issuing this release in response to the SEC 10 trading day order of suspension, through February 24, 2021, due to questions regarding the accuracy and adequacy of information about the Company in the marketplace. The Company has retained securities attorneys who have communicated with the SEC and we will provide additional information to the marketplace to support the Company's claims and actions. We have already sent certain documentation to the Commission.

The Company respectfully disagrees with the Commission's action to suspend trading and deems all prior releases to be factually correct. The Company believes in the market opportunity of the Carbon Ion technologies and will use its best efforts to bring these technologies to market. However, the trading suspension has caused a disruption in our planned closing with Carbon Ion and has introduced unknown variables that the Company intends to resolve and move ahead towards closing. Further update will be released on Monday February 15.

About Carbon-Ion Energy

Carbon-Ion Energy has developed a new category of energy storage device called Carbon-Ion or C-Ion®. This game-changing technology charges 50 times faster than lithium-ion batteries, radically improves the performance of supercapacitors by using high surface area carbons and ionic electrolytes, allows for over 100,000 charge/discharge cycles, provides high power density, is environmentally safe, and is even recyclable. With over 30 patents and a decade of research and development, the company is rapidly moving to commercialization. For more information, please visit www.carbon-ion.energy.

About Corporate Universe:

Corporate Universe Inc is a publicly traded diversified company with a focus on emerging business development to create value for our shareholders. Corporate Universe provides the environment for business growth and stability. For further information see www.corpuniverse.com

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Corporate Universe, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Corporate Universe, Inc. cautions you that any forward-looking information provided by or on behalf of Corporate Universe, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Corporate Universe, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Corporate Universe, Inc.'s control. In addition to those discussed in Corporate Universe, Inc.'s press releases, public filings, and statements by Corporate Universe, Inc.'s management, including, but not limited to, Corporate Universe, Inc.'s estimate of the sufficiency of its existing capital resources, Corporate Universe, Inc.'s ability to raise additional capital to fund future operations, Corporate Universe, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Corporate Universe, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Corporate Universe, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact:

Corporate Universe Inc
[e-mail]
1-302-273-1150

SOURCE: Corporate Universe




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Did they read why the SEC suspended them? No mention of their Covid claim?


https://www.sec.gov/litigation/suspensions/2021/34-91093-o.pdf


It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension in the trading of the securities of Corporate Universe, Inc. (“COUV” or “the Company”) (CIK No. 0001450307) because of questions regarding the accuracy and adequacy of information about the company in the marketplace since at least December 1, 2020. Those questions relate to publicly available information concerning COUV including: (a) a statement made by the Company on December 1, 2020 claiming that it is currently selling a face mask that has been proven to filter 98% of COVID-19 particles, and that the mask is “scientifically proven to kill COVID-19 particles”; and (b) a statement by the Company on December 16, 2020 that it has entered into a definitive letter of intent to acquire a company that holds 30 patents related to carbon ion battery technology. COUV is a Delaware corporation with its principal place of business located in Claymont, Delaware. The Company’s common stock is quoted and traded on OTC Link whose parent company is OTC Markets Group Inc., under the ticker symbol COUV. As of February 5, 2021, COUV’s common stock had 9 market makers, and was eligible for the “piggyback” exception of Rule 15c2-11(f)(3) under the Securities Exchange Act of 1934.