Clearwater, Florida May 13, 2021 (Issuewire.com) - SPOOZ, INC. (OTC: SPZI) ("Spooz" or the "Company") is pleased to announce that it has commenced the process to resurrect Spooz. The Company has been dormant since 2008.
On January 11, 2021, ten thousand (10,000) shares of SPZI traded in the public marketplace. This event incentivized the Company's former management, including its former Chairman and CEO, Paul D. Strickland, Jr. and Director and former COO, Errol Stone, to bring Spooz, Inc., current and compliant with any and all federal and state regulatory agencies. That effort is underway.
Since January 11, 2021, significant trading volume occurred for SPZI shares, and on April 29, 2021, the volume of shares traded approached 2.2 billion. As of this date, SPZI continues to exhibit significant volume on a daily basis. The Company and its former Officers and Directors have in no way participated in, organized, directed or executed any trading activity in SPZI whatsoever and have derived no benefit from such trading activity, and further, disavow any knowledge, including the identities of the parties engaging in such activity.
Spooz, Inc., has retained its original technology in the form of all technical architecture and specifications for SpoozToolz which must be updated. Spooz former Officers and Directors believe the SpoozToolz technology to be as relevant in today's marketplace as when originally developed, especially considering the advent of electronic trading of digital assets (including, but not limited to, cryptocurrencies). Mr. Strickland stated, "I am exceedingly pleased that we may have an opportunity to complete what we began at Spooz years ago and look forward to an exciting future for the Company and its loyal and patient shareholders. However, there can be no assurances, expressed or implied, that we will be able to accomplish our goals."
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside Spooz's control. These include but are not limited to the impact of competitors' products, services, and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company's filings with the Securities and Exchange Commission and/or OTC Markets. Spooz, its former Officers and Directors disclaim any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events, or otherwise.
Investor caution/added risk and uncertainties for investors
On April 8, 2020, SEC Chairman Jay Clayton and William Hinman, the Director of the Division of Corporation Finance, issued a joint public statement on the importance of disclosure during the COVID-19 crisis.
The ultimate impact of the COVID-19 pandemic on the Company's operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak. Additionally, new information may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic, and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time.
1001 Starkey Rd. #357
Source :Spooz, Inc.
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