Protect Pharmaceutical Corp.'s President, Ali Yildiz, Issues a Letter to Shareholders

About this update from Protect Pharmaceutical Corp

ISTANBUL, Turkey, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Protect Pharmaceutical Corp.'s (OTC: PRTT) President, Ali Yildiz, publishes his February 2024 corporate update letter to Company Shareholders as follows: "February 5, 2024 Dear Shareholders: Management announces that it has finalized its 2021 and 2022 financials, and the audit can be announced as completed. The Company is drafting a Form 10 registration statement that will be filed with the SEC to resume reporting to the SEC. The Company is also close to finalizing its 2023 audited financials and believes that by the time Form 10 is completed and reviewed by its independent auditor, the 2023 audit will be completed as well. The Company expects to file Form 10 in March 2023. The audited financial statements for 2021 are expected to show that the Company had a total revenue of approximately USD 63.1 Million and an operating profit of approximately USD 8.1 Million. The 2022 audited financials are expected to show a total revenue of approximately USD 81 Million and an operating profit of approximately USD 22.4 Million. As of the third quarter of 2023, reviewed financial numbers are expected to show that the Company surpassed the profitability and revenue numbers in 2022 before entering the fourth quarter. The Company believes 2024 could be a record-breaking year in revenue and profitability. Upon completing Form 10, the Company intends to file for a name and symbol change. As the Company embarks on this exciting path, we want to share the corporate vision with our shareholders. We intend to continue expansion into new parts of the world and grow into a worldwide cutting-edge logistics company. We appreciate our shareholders and your patience while we finish these tasks and prepare for the future. We will continue to provide transparency in our operations and inform shareholders of our progress. With warmest regards, Ali Yildiz President" About Atlantic Logistics: At Atlantic Logistics we strive to provide innovation in service. We strive to provide a business model that gives our customers and partners the technology and commercial intelligence to support creative ideas. Our team is dedicated to keeping our systems on the cutting edge and constantly evolving our business to serve our clients better. We use robust technology to track inventories, manage customs compliance, and track shipments worldwide. Atlan...

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