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Newark, CA - ConneXionONE Corp (OTC: AFTCD), formerly known as Alternative Fuel Technologies, Inc, announced today that FINRA has confirmed its corporate action to change its name to ConneXionONE Corp, change its ticker from AFTC to CNNN (effective after 20 business days), and execute a 1:1000 reverse share split.
The reverse share split aims to improve the marketability and liquidity of ConneXionONE's common stock by reducing the number of outstanding shares. This corporate action will decrease the number of outstanding shares from approximately 71.8 billion to approximately 71.8 million.
ConneXionONE Corp.'s Board of Directors believes that the corporate action will better position the company for future growth opportunities and facilitate more efficient trading of the company's common stock.
ConneXionONE Corp is a development stage company whose business plan includes developing and operating a decentralized social media platform. The company’s business plan incorporates the decentralized concept of social media platforms which may, at some point, provide viable alternatives to established platforms like Twitter, Instagram, Facebook, and TikTok.
Dotarazzi app, the company's social media platform, is currently in full-speed development of its updated version and is expected to have a global launch in Q2 2023. The app is designed to empower users to regain control of their social media experience. By customizing their own content feeds based on their locations, preferences, and interests, users can avoid irrelevant or unwanted content and focus on what matters to them. This feature also enables users to interact with each other in a way that enhances their overall experience on the platform, creating a more personalized and engaging social network.
The app will incorporates an AI-powered content creation assistance feature by analyzing the user's input and providing suggestions to improve the quality and relevance of the content. Users can then choose to accept or reject these suggestions, making it a customizable and personalized experience. This feature aims to help users create better content more efficiently and effectively, ultimately enhancing their experience on the platform.
Dotarazzi app will also feature a reward system that allows users to earn rewards by engaging and interacting with the content on the platform. This incentivizes users to be more active on the platform and create a vibrant and engaging community. Additionally, the creator's marketplace feature allows users to monetize their own unique content by licensing it to local businesses or brands for advertising and marketing purposes.
“We are excited about the approval of our corporate action and the development of our revolutionary social media platform, Dotarazzi app. Our vision is to provide users with a unique social media experience that is customizable, engaging, and rewarding. We believe that our business plan is a viable alternative to established social media platforms and that it will address the needs of users, creators, advertisers, and content providers,” said CEO Chris Chang.
About ConneXionONE Corp
ConneXionONE Corp is a development stage company whose business plan includes the acquisition of operating companies with a focus on developing and operating a decentralized social media platform. The company's social media platform comprises of four major components: Content Aggregator, Mobile Advertising Mediation, User-driven algorithm, and creator's marketplace.
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This press release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "could," and other expressions that are predictions of or indicate future events and trends, and that do not relate to historical matters, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to those factors discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
