Business
FDCTech Clarifies Recent Promotional and Trading Activities at Request of OTC Markets
FDCTech Clarifies Recent Promotional and Trading Activities at Request of OTC Markets.
About this update from Fdctech, Inc.
[{"type":"text","content":"\n Irvine, CA, June 14, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. (\"FDC\" or the \"Company,\" OTCQB: FDCT, a fintech company with a full suite of digital financial services solutions, today announced that it became aware of certain promotional activities concerning its common stock on June 11, 2021. Issuer Services at OTC Markets Group (OTC Markets) notified the Company and supplied one (1) electronic Newsletter prepared by a third party – Cryptocurrencyalerts.com as an example of such promotion. The Company was not aware of the Newsletter before receiving the copy from the OTC Markets. The Company recognizes that the Newsletter's distribution coincided with the press release of appointment of the Company's Chair of the Board; however, the Company has no knowledge or opinion about whether the Newsletter affected trading activity. Many other factors, including but not limited to the recently issued press release on June 7, 2021, highlighting the Company's acquisition of Genesis Financial, Inc., may have impacted trading volume. The trading volume on June 7, 2021, was over 2 million. The Newsletter has company-related information, mainly from the Company's website and press releases and Securities Exchange Commission (SEC) filings. Further, the Newsletter discusses the positive price potential of the common stock, with the main focus on the possible breakthrough of Bitcoin, low float, and market volatility. However, specific claims in the Newsletter concerning the Company's stock and its upside are highly speculative and should be carefully evaluated based on the Company's latest filings with the SEC. Based on the internal inquiry, neither the Company nor its management, directors, control persons, and any service providers, were involved, directly or indirectly, with the creation, distribution, or payment of the Newsletter, nor did they have notice of or editorial control over the content of the Newsletter. Starting in June 2020, the Company used Amherst Baer Consultancy Corp. to provide consulting services related to corporate video and corporate branding on the Company's behalf. From October 2020 to March 2021, Evamedia Corp. provided a digital marketing strategy to promote its trading platform and other services. In May 2021, the Company engaged TraDigital Marketing Group, a strategic advisory, and digital marketing firm. ...