Premier Products Group (OTC: PMPG) has issued a letter to shareholders from interim CEO Terry L Stein. In the letter, Stein noted that the company has been trading on the “expert market” because of prior management’s failure to ensure that required filings were kept up to date, meaning that access to securities are only available to broker-dealers, professionals and sophisticated investors. Consequently, Stein filed a default against the management group and took over voting control of the company in an effort to protect shareholders and become compliant with the U.S. Securities Commission (“SEC”). The process has been time consuming, but Stein reassured stockholders that “we have worked as diligently as possible, and spent a considerable amount of resources, to complete these numerous tasks and protect the integrity of the company for the future — which in turn benefits all shareholders.” Stein reported that the auditor is completing work and the company is planning to file 2021, 2022, and 2023 annual financials to become fully compliant with SEC filing requirements; PMPG will then work with OTC Markets to return to trading. In addition, Stein noted that the company continues to move forward with its Smart Cities and Roadways business, anticipating expanding the offering and adding new artificial intelligence (“AI”) partners.
“This will require more funding for sure, but we feel confident we will be able to accomplish this in a timely manner once we are back on track,” said Premier Products Group interim CEO Terry L. Stein in the shareholder letter. “Also, we are working with two other exciting companies that we believe will bring value to our company going forward and look forward to making those announcements in the near future.”
To view the full press release, visit https://ibn.fm/TzJli
About Premier Products Group Inc.
Premier Products Group engages in the acquisition of technology companies and develops SmartRoads and Smart City infrastructures. The company was founded on Nov. 14, 1979, and is headquartered in Woodland Hills, California. For more information, please visit www.wsj.com/market-data/quotes/PMPG/company-people.
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN
