PORTLAND, OR — (Marketwired) — 09/07/17 — PDX Partners, Inc. (OTC PINK: PDXP) (“the Company”), a Telecommunications company, announces an update to its shareholders.
Shareholders,
While developing our telecom centered business concept we have initiated a stimulus program ultimately intended to enhance net stockholders– equity, serving as a playbook to attract and acquire investment and equity into the Company. Following this playbook, the company is delighted to provide an update on our progress and ongoing quest for added corporate and shareholder value.
On June 20, 2017, the board of directors amended the company–s Articles of Incorporation with the State of Wyoming to reflect a substantial reduction of authorized shares in the amount of 6,960,000,000 shares or from 10,000,000,000 shares to 3,040,000,000.
PDX Partners has successfully retired a significant portion of both affiliate and non-affiliate debt from the company–s balance sheet. Since 2015, the company has successfully eliminated over $2,200,000 of affiliate and non-affiliate debt from the company–s books with a remainder of less than $320,000 of debt remaining on our balance sheet.
As we continue to implement strategies to further reduce the company–s debt, the game plan will be to further decrease the number of shares authorized as we believe a low number of authorized shares will allow us to sustain a good stock price and build a solid market cap for the company in the long term.
The company expects to apply for quotation of its Common Stock on the OTCQB tier of OTC Markets Group, Inc. in the near future.
This up-listing is subject to a successful review by the OTC Markets staff. The OTCQB is a venture market designed for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. In the OTC Markets corporate literature, the OTCQB market is referred to as America–s venture market with over 900 international and US companies listed with over USD $70 Billion in total market cap.
The objective in seeking this U.S. listing is to increase exposure, liquidity and market cap. By listing on the OTCQB Market, U.S. investors have greater ease in trading or participating financially in the company–s U.S. projects.
The company is currently in discussions with a number of funds seeking investment into our company by purchasing the Company–s common stock via S-1 registration statement. We hope to have a relationship formalized with one of these candidates in the coming weeks.
The company–s prime focus is in developing and marketing Telecom products such as iPhone and Android applications as growth in the mobile industry has been dramatic by virtually any measure, and despite some reports of a slowdown, is still expected to see growth in 2017.
The has stated that:
US consumers are looking at their devices more than 9 billion times a day in the aggregate — up 13 percent from last year.
Smartphone sales are still strong, with penetration up 10 percent year over year, and the highest growth percentages coming in the 45-54 and 55+ age demographics — groups that have previously lagged behind younger consumers.
While they are still relatively niche products, wearables such as smart watches and fitness bands have seen tremendous percentage growth. Smartwatch penetration doubled from 2014 to 2015 and tripled in 2016; smartwatches have now penetrated roughly 12 percent of the mobile consumer market in the US.
The –go forward– strategy is to further develop our business concept(s), and adding net-equity to the balance sheet organically, by acquisition, or by developing and enhancing share value by moving to a higher exchange to increase exposure, liquidity and market cap. By listing on the OTCQB Market, the company believes this will give investors even greater confidence in our long-term goals and objectives.
The company will periodically report on milestones that the company reaches by developing and enhancing valuable telecom and alternative industry assets which will add additional revenue production, and long-term shareholder value.
The company is delighted to address our valued shareholders on the above noted game plan and would like to take the opportunity of reiterating our genuine commitment to further strengthening the company and growing corporate equity.
Warm Regards,
Patrick J. Johnson
CEO
PDX Partners, Inc. (OTC PINK: PDXP ) is a Telecom company dedicated to creating revenue and shareholder value by marketing Telecom products and acquiring other long term growth assets. The company was founded in 1997.
For more information go to:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company–s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company–s suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Patrick J. Johnson
Chief Executive Officer
(971) 258-8003 (Investor Relations)
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