Umbra Companies, Inc. (OTC PINKSHEETS: UCIX) (“UCIX” or the “Company”) a Real Estate Development Investment company that deploys capital and resources globally announced today that the Company has initiated necessary actions to list its shares on The International Stock Exchange (“TISE”) under the symbol “UCIX.”
“The Board of Directors and management are pleased to announced plans to uplist our shares to The International Stock Exchange, we believe the uplisting will provide several key strategic benefits that will serve the best interest of all our shareholders at a time when the Company is poised for growth.” said Rohn Monroe, Chief Executive Officer of Umbra Companies, Inc.
Umbra Companies, Inc. has officially engaged Appleby Group (Jersey) to act as the market maker and sponsor for the listing on TISE. Foremost plans to use the net proceeds to fund further development of its real estate projects, for general corporate purposes, including funding ongoing operations, project acquisitions, working capital requirements, and other business-related expenses. Umbra Companies, Inc. believes Appleby LLP (which has a long history of servicing their clients dating back to the 1890s) is the best strategic partner to walk the company through this process.
By up-listing to TISE, the Company believes it will gain visibility in the capital markets and allow for increased sponsorship from worldwide institutional investors as well as increased liquidity in the trading volume in our stock. By improving capital market access for existing and prospective investors and increasing the ability to raise the capital to drive growth, the move to a global market will bring significant value to the Company.
This press release does not constitute an offer to sell or the solicitation to of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Umbra Companies, Inc.
Umbra Companies Inc. is an Real Estate Development Investment company that deploys capital and resources countrywide. Umbra Companies, Inc. has acquired several acres of land in order to develop Master Communities globally. From High-end Condo’s to large luxury estate homes, our focus is to deliver a masterfully planned home with exquisite designs and architecture.
Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," and similar expressions.
These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding the uplisting to TISE; growth strategy; product and development programs; financial performance (including revenue and net income); backlog; expected timing of shipments; increases in the cost of materials and labor; labor shortages; customer schedule delays; follow-on orders; the impact of the COVID-19 pandemic; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.
These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.
You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.