Business
AVOP Closes Acquisition of OMID Holdings, Inc. Concurrently With Its Name and Ticker Symbol Change
AVOP Closes Acquisition of OMID Holdings, Inc. Concurrently With Its Name and Ticker Symbol Change.
About this update from Omid Holdings, Inc.
[{"type":"text","content":"\n\n\n\nAVOP Closes Acquisition of OMID Holdings, Inc. Concurrently With Its Name and Ticker Symbol Change\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAVOP Closes Acquisition of OMID Holdings, Inc. Concurrently With Its Name and Ticker Symbol Change\nPR Newswire\nPHILLIPSBURG, N.J., Feb. 18, 2020\n\n\n\nPHILLIPSBURG, N.J., Feb. 18, 2020 /PRNewswire/ -- On Friday February 14, 2020 OMID Holdings, Inc. (OTC Pink: OMID) (formerly AV1 Group, Inc. (OTC Pink: AVOP)), a publicly-traded investment and holding company, completed a ticker symbol and name change subsequently completing all pending actions required for the acquisition of OMID Holdings, Inc. Simultaneous with the acquisition of OMID Holdings, Inc., all previous business elements of AVOP, including its prior assets, liabilities, and debts have been settled and/or spun-off from the company. In addition, the previous executives of the company have tendered their resignation, effective upon the closing.\nThe new leadership team consists of Adam Frank, as CEO & Chairman and Kevin Anderson, as President & COO. OMID Holdings, Inc. operates in the health and wellness industry, specializing primarily in the manufacture and sale of CBD-based products. The company, headquartered in Phillipsburg, NJ, markets its two CBD brands and also offers its design, development, and manufacturing services for the benefit of its private label customers.\n\"I want to extend my gratitude to Bryen, his team, and our team for their continued support throughout this process\" stated Adam Frank, CEO of OMID Holdings, Inc.  He continued: \"My team and I are thrilled to be chartering a new and exciting path for our company. With our track-record of expeditiously generating high-quality branded products, I believe that we are well-positioned for explosive growth in this booming industry.\"\nAbout OMID Holdings, Inc.: \nOMID Holdings, Inc. is a publicly-traded company which specializes in the manufacture and sale of CBD-based products. The company is headquartered in Phillipsburg, NJ where it operates a warehouse an...