Business
No Borders, Inc. (Ticker:NBDR) Cancels Annual Shareholder Meeting Due To Corona Virus
No Borders, Inc. (Ticker:NBDR) Cancels Annual Shareholder Meeting Due To Corona Virus.
About this update from No Borders, Inc.
[{"type":"text","content":"No Borders, Inc. (OTC:NBDR), today announced that it has cancelled its planned Annual Shareholder Meeting which was due to be held in Las Vegas on March 8th. Due to an abundance of caution for the health of staff and shareholders the Board of Directors of NBDR has decided to cancel the event. The Company is currently working on a video conference method to replace the Las Vegas meeting and will be posting updates on the Company twitter/facebook accounts.“While I am bummed to miss out on meeting and engaging with more of our amazing shareholders, we simply could not in good conscience ask our staff, advisors and investors to travel and congregate in person. Luckily we are a 100% remote work company and we will be scheduling a video conference version of our Annual Shareholder Meeting instead!” Says Joseph Snyder, CEOPotential Business Impacts Due To Corona Virus;The Company's subsidiary MediDent Supplies has begun experiencing supply chain disruption to several of its lines and expects additional disruptions to continue for the immediate future. These disruptions may have a material negative impact on growth and revenue beginning in Q1. Concurrently, as a purveyor of medical and dental equipment and supplies, MediDent Supplies has seen a spike in traffic and search related to PPE items (personal protection equipment) and medical cleaning supplies over the last 14 days. The MediDent Team is aggressively working with its US, Canadian and Mexican manufacturing partners to establish localized product sourcing as well as to expand the MediDent Supplies PPE offerings to meet demand. The impacts of these actions may have a positive material impact on growth and revenue as soon as Q2.No Borders Naturals is proud to have its entire supply and manufacturing chain in the USA and currently has no disruption to the operations of the Company. No Borders, Inc. COO Cynthia Tanabe stated, “There are very real challenges in dealing with supply chains from China and some other parts of the world today. While the current impacts are minimal we are working hard to ensure that our companies have the ability to fulfill demand. This means not only sourcing popular item variants but also reacting quickly to market and consumer demand for medical supplies.”About No Borders Inc.No Borders, Inc. (OTC:NBDR) is a multifaceted corporation specia...