Utopya Innovations Inc., a Wholly-Owned Subsidiary of Andiamo (OTCPK: ANDI), Announces Plans for Ticker Change and More
TORONTO, Feb. 2, 2018 /PRNewswire/ -- Utopya Innovations Inc., a wholly-owned subsidiary of Andiamo Corp., is taking another significant leap forward today as it announces plans to shed its current ticker symbol (OTCPK: ANDI) in favor of a symbol that better reflects the company's long-term vision. The company is also announcing plans to switch to a new transfer agent, and to begin the process of engaging an investor relations team in order to maintain a high level of transparency and communication with shareholders.
Mike Starkweather, CEO, commented, "We're very excited to announce that we have begun the process of changing the current ticker symbol to a symbol that better reflects the company's brand and long-term vision. We hope to be able to secure the symbol 'UTOP', pending its approval. The first step will be filing the name change with the State of Wyoming.
"We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company's share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it.
"Further to this, due to the overwhelming volume of emails that we have been receiving, we are taking the appropriate steps to hire an investor relations firm that will be better equipped to handle these communications for us in a timely manner. This is also being done so that our executive team is better able to focus on matters that require executive-level oversight and approval, including contract negotiations.
Once again, we're humbled by the incredible support of our shareholders thus far, and we're looking forward to sharing more exciting news in the weeks and months ahead."
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
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SOURCE Utopya Innovations Inc.