Jetblack Corp. Releases A Statement Regarding Company Updates

Jetblack Corp. (OTC: JTBK) recently released a statement in regards to shareholders sending a formal request for management to consider certain corporate actions such as, to become SEC reporting and a reverse stock split of the common stock. The company released the statement as part of fair disclosure so that all shareholders would have the same information. 

Restricted shareholders who have waited the required time period have asked management to consider the actions due to the on and off issues with finding broker-dealers for stock deposits. In addition, employees and affiliate shareholders who have been compensated with stock and or invested capital have had troubles locating broker-dealers who will allow the stock deposits. 

Due to these issues detailed above, the company is in a tough position in regards to its funding goals and capital needs. "It becomes almost impossible to ask a shareholder or new investor to finance operations if they may not be able to deposit their stock at a future date." explained CEO Daniel A. Goldin. 

The actions being analyzed are for the purposes of alleviating shareholder deposit and clearing issues, and creating an environment that would be conducive for investment. "If we had an investor that was willing to invest $12 million USD in capital but mandated a reverse stock split, it is something we would need to consider and have all shareholders vote on." explained Mr. Goldin. 

At the moment, corporate actions are only in the discussions stage. If any shareholders would like to express ideas or opinions on the matter, send an email to our Chairman and CEO Daniel A. Goldin. 

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 fromthose expressed or implied by such forward-looking statements. 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 very quickly.

Source:
Jetblack Corp. IR department
ir@jetblackcorp.com
twitter.com/Jetblackcorp
888-611-5825