Business
TPII Announces 50% Reduction of Authorized Shares and Non-Dilutive Founders Preferred Series
TPII Announces 50% Reduction of Authorized Shares and Non-Dilutive Founders Preferred Series.
About this update from Triad Pro Innovators, Inc.
[{"type":"text","content":"LAS VEGAS, NV / ACCESSWIRE / April 13, 2021 / Triad Pro Innovators, Inc. (OTC PINK:TPII), a leading developer of proprietary devices for the storage of electricity utilizing the patent pending TriadPro eCell, is pleased to announce they have reduced the company's Authorized Share count from 1 Billion to 500 Million along with an initially non-dilutive preferred series for the company's founders.Based on the initial market interest for the just released eTower, the ongoing SPREE fully electric solar golf cart, and grid storage applications of the eCell; Triad Pro Innovators has determined the previous 1 Billion Authorized Share total was not necessary for the companies growth plans and have decided to proactively reduce Authorized Shares by 50%."After reviewing the company's business plan for 2021, it became apparent that, in the effort to protect shareholder value, it was in all our best interest to reduce Authorized Shares significantly," says Murray Goldenberg, CEO of Triad Pro Innovators. "We are introducing an initially non-dilutive preferred series to the founders, in lieu of a dilutive stock offering, and felt the share structure could be greatly reduced. Given the immediate positive market reaction from release of our revolutionary eTower and stated volume interest, it was easy to provide this value back to the shareholders."The eTower is the first lighting tower of its kind, offering a proven 80% reduction of diesel usage for construction, movie sets, remote, etc. lighting needs. With the latest signaling by the Biden infrastructure and energy plan, the eTower is poised to be the premier solution within an $8B industry incentivized to move towards lower emission solutions.As lithium-ion materials and products become increasingly difficult to procure, Triad Pro Innovators is already preparing to fill a large need for alternative solutions in the expanding green economy. Triad Pro Innovators is working on similar innovative solutions, taking advantage of eCell technology, an ultra-capacitive (non-Lithium-Ion) based solution.About Triad Pro Innovators, Inc. (OTC PINK: TPII):Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity .The newly developed Triad Pro power supply provides our storage system with tremendous operat...