Jetblack Corp. (JTBK) Navigating New Horizons in OTC Markets

Jetblack Corp. (JTBK), a Nevada Corporation, finds itself at a crossroads regarding their accounting practices. The recent changes in the OTC markets have introduced new requirements and opportunities for companies like Jetblack Corp., prompting a thorough review of their “unaudited” strategies.

The OTC markets have seen significant updates, particularly in how companies must report financials and maintain transparency to stay quoted or improve their tier standing. OTCQB AND OTCQX emphasize the importance of having financial statements audited by PCAOB-registered auditors, which can affect investor perception and market liquidity.

Given the benefits of enhanced credibility and potential for smoother uplisting to higher market tiers, Jetblack is looking into engaging auditors registered with the PCAOB. This move could not only align JTBK with the best practices but also signal to investors our commitment to transparency and reliability.

Jetblack Corp. is evaluating the cost implications of these new auditing options. While the initial investment in securing the services of a PCAOB-registered auditor might be higher, the long-term benefits could outweigh these costs, especially in terms of market positioning and investor trust.

Beyond mere compliance, the company views this as a chance to go above and beyond in our reporting, potentially positioning JTBK for future growth or even listing on more traditional exchanges if that becomes a strategic goal.

Moving Forward:

Jetblack is currently in the due diligence phase, engaging with potential auditors to understand how they can support our growth trajectory while ensuring we remain compliant with the evolving OTC market standards.

The company invites feedback from our stakeholders on this matter, as their insights are invaluable to JTBK in shaping a strategy that benefits all parties involved. Stay tuned for more updates as we navigate these changes together.

More information:

info@jetblackcorp.com

X.com/jetblackcorp

Disclaimer: 

This press release should not in any way be misunderstood as an offer to sell securities or solicitation to sell securities. This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Projections are based on raising capital or financing, if this is not achieved our business plan may not succeed. These factors, risks, and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions, and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's and management control which could, and likely will materially affect actual results, levels of activity, performance or achievements. Investors should be cautioned that nine out of ten start-ups and small businesses fail. If the company cannot achieve financing, then it may not be able to follow through with its business plan. This may lead to an investor losing part or their entire investment. Investors may have trouble locating a broker-dealer to trade their stock. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The loss of key employees would be detrimental to the company's success and may cause failure. Currently, the company is considered a penny stock, the spreads can be very far apart, sometimes illiquid, and investors may not be able to sell when they want or for the price they paid. In some circumstances, the investor may lose all their investment. This press release is not an offer to sell securities. This press release should not be interpreted or misunderstood as an offer or solicitation to sell securities. Investors should also be cautioned that Covid-19, viruses, pandemics, diseases, also present serious challenges for business operations. Investors should note, these uncontrollable circumstances could potentially lead an investor to lose their entire investment quickly.