Business
Etelix Becomes a Publicly Listed Company Via Reverse Take Over
Etelix Becomes a Publicly Listed Company Via Reverse Take Over.
About this update from Metrospaces, Inc.
[{"type":"text","content":"\nNEW YORK, NY, June 29, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC: MSPC) announces that Etelix has been spun off as its own public company via reverse takeover of PureSnax (OTC:PSNXD)\n Mr. Silva stated: “This is a huge day for Etelix and a great win for Metrospaces shareholders.  Metrospaces will now own 44% of the combined company, down from 51%.  However, now Etelix will have its own public market to continue with acquisitions and set its own path.  PureSnax now owns 100% of Etelix, and MSPC will now own 44% of total PSNXD public capital.  Not only is this a huge win for Metrospaces and our shareholders, it represents a huge arbitrage opportunity for new investors to buy into Etelix.  After the reverse takeover, PSNXD will only have a total of 15 million total shares, however, there will only be 75,000 in the float, so there will be very little opportunity to buy PSNXD except through MSPC.  Etelix is on its way to having another record revenue and operating profit year and we will continue to be long-term shareholders and partners of Etelix to continue to reap the rewards of this investment.  With June revenue of $1.2 million and profitable, Etelix is on its way to smashing last year’s revenue and profit.  MSPC will continue to have an active role in Etelix’s growth through Board Representation, continued investment and helping them with new acquisition targets.  We look forward to a very long-term, successful partnership and investment.”   About Etelix.com USA, LLC Etelix.com USA (http://www.etelix.com/) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company’s main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider.  The company was founded in 2007 and has been profitable since inception.  About Metrospaces Metrospaces www.metrospaces.net  is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company’s current projects are located in Buenos Aires, Argentina and Miami, USA.   It is operated by an elite group of real esta...