Fastbase Inc. (FBSE)

[Louied91]

b]$FBSE FASTBASE INC. (OTC: FBSE) ANNOUNCE REDUCTION OF AUTHORIZED SHARES

https://www.globenewswire.com/news-release/2022/11/22/2560911/0/en/FASTBASE-INC-OTC-FBSE-ANNOUNCE-REDUCTION-OF-AUTHORIZED-SHARES.html

New York, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Fastbase Inc. (OTC: FBSE) is happy to inform shareholders that the company has reduced the current Authorized Share count. The transfer agent updated the number on Fastbase OTCmarket profile.

The number of authorized shares was 1 billion and is today reduced to 195 million.

Fastbase Inc. understands the value of reducing authorized share counts to increase shareholder value and to make the company more attractive for long term viability.

Mr. Refer, CEO, went on to say, “The company does not need to issue many shares. Therefore, this reduction.”. He continues:” Market trust is not easily built, but can be easily broken, we have plans for long term growth, and to bring shareholder value. We believe this is just one of many steps in our endeavor moving forward.”

This Authorized Share Reduction is a big move towards showcasing the company’s commitment to increased shareholder value and transparency. Fastbase is excited to bring the Authorized Share structure down to a level that the company feels is more attractive to investors. The company will continue to update shareholders via news and filings.

Fastbase Corp. is majority shareholder of Trustfeed Corp.