Green Zebra International Corp. announces
Reverse Split, Name Change and Corporate Update
Las Vegas NV, Feb 4th 2020 — Green Zebra International Corp. (OTC: GZIC), a wireless Internet of Things (IoT) technology holdings company, focused on acquiring, developing and overseeing innovative wireless IoT technology companies for the emerging 5G marketplace, including target markets such as Stadiums, Airports, Universities, and Smart City Projects, today announced that FINRA has processed the Company’s application for a reverse split and name change, which will be effective February 3, 2020. As a result, a “D” will be placed on our ticker symbol for 20 business days. Our new CUSIP is 36258T109.
REVERSE SPLIT
Green Zebra International Corp. announced that its Board of Directors approved a reverse stock split of the Company’s issued and outstanding common shares at a ratio of 200 to 1 on December 18, 2019.
The reverse share split will uniformly affect all issued and outstanding GZIC common shares. No fractional shares will be issued in connection with the reverse share split and the Company will round up any fractional shares resulting from the reverse split. The par value of GZIC common shares will remain unchanged at $0.001 per share following the reverse share split. The reverse share split will decrease the GZIC authorized number of common stock from 1,100,000,000 to 500,000,000. The number of authorized, and issued and outstanding, preferred stock will not be affected by the reverse split.
NAME CHANGE
Green Zebra International Corp. has concurrently changed its name to GZ6G Technology Corp. in order to reflect our branding, which represents the future, beyond 5G wireless and IoT technologies solutions. We feel this new branding will differentiate our parent corporation from current and future subsidiary company names, and more accurately reflect our business plans.
GZIC AUDITS
2017 and 2018 audits of our financial statements have been completed as of Jan 31, 2020 and have been posted as part of a material change report filed on OTC Markets. We are currently commencing preparation of a Form S-1 Registration Statement in order to facilitate up-listing to OTCQB and additional financing opportunities.
Coleman Smith, CEO of Green Zebra International Corp., commented, “This is a critically important step in our corporate development and capital markets strategy. We are pleased that we are positioning the public company for the next stage of our planned growth.”
Safe Harbor Statement
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company denies any responsibility to update any forward-looking statements.
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Contact Information cole@greenzebra.net.
SOURCE: GZ6G Technology Corp. (formerly Green Zebra International Corp.)