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A1 Group Inc
Additional Cancellation of Common Stock
Business
May 19 2023
5 min read

Additional Cancellation of Common Stock

A1 Group, Inc. (the “Company” or “AWON”) would like to announce that it has identified two significant blocks of Common Stock that the Company is currently processing for potential cancellation to treasury.


The initial potential cancellation to treasury stock that the Company is currently working is 166,568,157 shares of Common Stock held by a control shareholder (“Control Shares). These Control Shares were issued in July of 2017 pursuant to a licensing agreement that was never consummated with the Company (“Potential Cancellation”). If successful with this Potential Cancellation, the Company’s issued and outstanding Common Stock will drop from 371,756,038 to 205,187,881 (44.81% decrease).


In addition to the Potential Cancellation, the Company has also identified 56,962,757 shares of Common Stock held by five (5) shareholders that may be processed for cancellation to treasury stock as well. The Company is currently researching the transactions that resulted in the issuance of the Common Stock to these shareholders and consulting with its legal counsel. This would result in a 15.32% drop in the issued and outstanding Common  Stock when viewed individually aside from the Potential Cancellation discussed above.


If both potential cancellations are effectuated, the issued and outstanding Common Stock would drop to 148,225,124 (60.12% decrease). The Company will keep its public shareholders advised as to these potential cancellations of Common Stock to treasury as material related events unfold.


Disclaimer Regarding Forward Looking Statements 

 

Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements.


ABOUT US

 

A1 Group, Inc. is a Nevada corporation, is a public quoted Pink Sheet OTC issuer under the ticker symbol "AWON" (the “Company”). The Company reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (e.g., Pink Sheet Current). The Company has acquired the assets of the former Oxigen Water, a former specialized water company.

 

CONTACT    

 

15169 North Scottsdale Road

Scottsdale, Arizona 85254

(775)-537-3627

awonglobal@zohomail.com

www.awonglobal.com

Contact: Michael Dixon, President