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Recreatives Industries, Inc. (OTC: RECX) Announces Removal of OTC’s Caveat Emptor Designation, Stock Resumes Trading
Recreatives Industries, Inc. (OTC: RECX) Announces Removal of OTC’s Caveat Emptor Designation, Stock Resumes Trading.
About this update from Recreatives Industries, Inc.
[{"type":"text","content":"Recreatives Industries, Inc. (OTC: RECX) (“Recreatives” or the “Company”), manufacturer of MAX Amphibious 6x6 All-Terrain Vehicles (www.maxatvs.com), announces today that OTC Markets Group, Inc. (\"OTC Markets\") removed the Caveat Emptor designation (“CE”) from the Company’s profile on OTC Markets’ website on Monday, October 7, 2024. The removal of the CE designation allows RECX to trade on the OTC with no restrictions. The Company and its counsel have worked diligently with OTC Markets throughout 2024 to address the CE designation and have it removed.“Our team at Recreatives is dedicated to serving our retail customers, our new dealers, and our shareholders above reproach. Removing the Caveat Emptor designation ultimately benefits each group as the Company can once again focus on relaunching the entire line of MAX Amphibious ATVs and ultimately expand into the global ATV market,” stated Andrew Lapp, CEO of Recreatives. “During the past 18 months, while the CE designation was placed on RECX, we continued to serve the Company with high standards in every capacity. We dedicated ourselves to rebuilding the Company’s infrastructure by establishing our new supply chain and relaunching the production line with resources we had available to us. We are grateful for our accredited investors who saw the potential in our team and in our MAX ATV product line during this time. With their investments, we carefully budgeted and successfully resumed production of the MAX 2 Amphibious ATV for the first time in over 8 years. During the past 14 months, we have proven that we could relaunch the MAX 2 ATV below our proposed budget despite Covid-related supply chain shortages and inflation during 2023 and 2024. We have seen immediate success with our MAX 2 launch, and we are looking forward to sharing more exciting developments.”For more information about Recreatives Industries, Inc., please visit www.recreatives.com.About Recreatives Industries, Inc.RECREATIVES INDUSTRIES, INC. (\"RECX\") is the manufacturer of MAX amphibious six-wheel-drive (6x6) all-terrain vehicles (www.maxatvs.com), originally manufactured by Recreatives Industries Inc. of Buffalo, NY, from 1970 to 2013. RECX is continuing MAX's brand legacy of 53 years by relaunching the entire MAX ATV product line from existing, proven designs, which will ensure a rapid re-entry into the...