Business
WRMT Addresses OTC Markets Group 'Inappropriate' "Caveat Emptor" Designation; Believes That Recent Share Price Growth Is Solely Due To Previously Announced Business Activities
WRMT Addresses OTC Markets Group 'Inappropriate' "Caveat Emptor" Designation; Believes That Recent Share Price Growth Is Solely Due To Previously Announced Business Activities.
About this update from Helo Corp.
[{"type":"text","content":"\n\n\n\nWRMT Addresses OTC Markets Group 'Inappropriate' \"Caveat Emptor\" Designation; Believes That Recent Share Price Growth Is Solely Due To Previously Announced Business Activities\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\nWRMT Addresses OTC Markets Group 'Inappropriate' \"Caveat Emptor\" Designation; Believes That Recent Share Price Growth Is Solely Due To Previously Announced Business Activities\nPR Newswire\nMIAMI, Jan. 17, 2017\n\n\n\nMIAMI, Jan. 17, 2017 /PRNewswire/ -- World Media & Technology Corp. (\"Wor(l)d\") (www.worldmediatech.com) (OTC PINK: WRMT), today would like to address OTC Market Group's recent designation of the stock as \"Caveat Emptor\", citing a Public Interest Concern under its guidelines. \n\nWRMT confirms that it is fully compliant with all reporting requirements of the OTC markets alternative reporting guidelines and is Pink Current tier.  WRMT also confirms that it is not involved in any type of stock promotion or other activity that would justify a \"Caveat Emptor\" designation. Instead, WRMT believes that its recent share price appreciation is solely related to the recently announced success of Helo in the marketplace, its partnership with Toshiba at CES and the pending launch of its glucose estimation technology, a world's first in the wearable industry.\n\nFabio Galdi, CEO, World Media & Technology Corp., said, \"It is unfortunate that our success has triggered such a concern by OTC Markets. While our current share price performance may be unusual for a Pink Sheet stock, it cannot be completely unexpected either given that we have publicly announced some significant and tangible news in recent weeks. For example, our partnership with Toshiba, the pre-launch of Helo at the Consumer Electronics Show in Las Vegas and the announcement of, what we believe, is the World's first wearable, non-invasive, continuous, blood glucose estimation technology using Helo which will generate recurring revenues for WRMT.\"\n\nMr. Galdi continued, \"All of these announcements, combined with the worldwide success of our Helo device in t...