AUSTIN, Texas, June 26, 2026 (GLOBE NEWSWIRE) -- via IBN -- Suntex Enterprises, Inc. (OTC: SNTX) today announced the successful completion and advancement of several significant corporate initiatives over the past two weeks, representing one of the Company's strongest periods of operational execution since its strategic transformation.
During this period, Suntex strengthened its corporate foundation, expanded its operating platform, advanced key growth initiatives, and continued delivering on commitments previously communicated to shareholders. Collectively, these accomplishments represent meaningful progress as the Company continues executing its long-term strategy of building a diversified platform of operating businesses across construction, infrastructure, development, manufacturing, land ownership, and consumer products.
Key milestones achieved during this period include:
Successfully fulfilling the Company's previously announced shareholder commitment related to the Asset Purchase Agreement with Golden Triangle Ventures.
Engaging a PCAOB-registered public accounting firm and commencing the audit process, marking a significant step in the Company's broader initiative to strengthen financial reporting, enhance transparency, and advance its efforts toward qualifying for the OTCQB® Venture Market, subject to satisfying all applicable listing and regulatory requirements.
Expanding corporate governance through the appointment of Independent Director Lisa Surnow, adding strategic leadership and industry experience to the Board of Directors.
Continuing advancement of the Company's flagship 100-acre mixed-use South Texas development, planned to include commercial, residential, and entertainment components.
Expanding the commercial construction pipeline through subsidiary JA Development & Construction, including commencement of work on an approximately $4 million commercial development project in Austin and the active pursuit of an approximately $80 million mixed-use development opportunity in Texas, reflecting the Company's continued expansion into larger-scale construction and development opportunities.
CEO Javier Leal continued increasing his personal ownership through open-market purchases of Suntex common stock, reinforcing management's alignment with shareholders and long-term confidence in the Company's strategy.
Together, these milestones reflect continued execution across multiple areas of the business while strengthening the Company's operational foundation for future growth.