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IRVINE, Calif., Jan 26, 2021 (Globe NEWSWIRE through COMTEX) —
IRVINE, Calif., Jan. 26, 2021 (Globe NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” or the “Business”) (OTC PINK:VMNT), a multi-asset technological innovation-driven company, right now introduced that it has initiated a approach to up grade its situation in the public markets and boost its visibility to a broader variety of traders by the process of uplisting from the OTC Pink Open up Market to the OTCQB Enterprise Marketplace. The enterprise has submitted OTCQB software materials to OTC Markets Team, operator of OTCMarkets.com.
The OTCQB Enterprise Market, operated by OTC Marketplaces Group Inc., is created for producing and entrepreneurial providers in the U.S. and overseas. Businesses have to be latest in their fiscal reporting and undertake an yearly verification and management certification method, which include assembly a least bid selling price and other financial ailments. With much more compliance and high quality requirements, the OTCQB presents investors improved visibility to enrich buying and selling decisions. The OTCQB is recognized by the Securities and Exchange Commission as an established general public market place providing general public details for investigation and benefit of securities.
With considerable progress anticipated of the company’s blockchain- and fintech-centered approaches and an expanded emphasis on transparency, management believes that the Organization is in the suitable posture to uplist to the OTCQB Venture Marketplace and achieve the increased visibility that the OTCQB delivers.
Tan Tran, CEO of Vemanti Group, commented, “Uplisting to OTCQB is an critical milestone in our strategy to improve the organization and enhance its placement in the community marketplaces. We consider that trading on the OTCQB will maximize visibility to the investment neighborhood, especially to institutional buyers, as we keep on to solidify our placement in the blockchain and fintech sectors.”
The listing of the Firm’s widespread shares on the OTCQB continues to be matter to the acceptance of the OTCQB and the satisfaction of relevant listing prerequisites. The corporation previously fulfills a single of OTCQB Enterprise Industry compliance needs by getting audited annual financials organized in accordance with U.S. GAAP by a PCAOB auditor and maintains a Confirmed Organization Profile at OTCMarkets.com.
As far more facts becomes accessible, the business will preserve its shareholders up-to-day on the standing of the application.
About Vemanti Team, Inc.
Vemanti Group, Inc. (OTC PINK:VMNT) is a multi-asset technologies-driven business that seeks to be active in significant-advancement and emerging marketplaces. Our main strengths are in know-how enhancement and financial commitment. We travel progress by way of acquisition and financial investment in disruptive and foundational technologies by concentrating on early-phase providers that have sector viable products or by starting off a new subsidiary of our personal. Strategically, we focus mostly on fintech programs combined with other rising systems, such as blockchain and equipment discovering/AI. To understand more about VMNT, visit www.vemanti.com.
About OTC Marketplaces Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX(R) Best Market place, the OTCQB(R) Venture Marketplace and the Pink(R) Open Sector for 11,000 U.S. and world securities. Via OTC Url(R) ATS and OTC Url ECN, PTC Industry Team Inc. connects a assorted network of broker-dealers that provide liquidity and execution companies. The company permits buyers to very easily trade as a result of the broker of their choice and empower providers to enhance the excellent of info out there for traders. To discover far more about how OTC Marketplaces Team Inc. creates far better educated and more productive marketplaces, take a look at www.otcmarkets.com.
This press release has ahead-looking statements within just the that means of Portion 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Trade Act of 1934, as amended. Individuals statements incorporate the intent, belief or current expectations of the organization and its management crew. Ahead-seeking statements are projections of occasions, revenues, earnings, long run economics, analysis, development, reformulation, item efficiency or management’s ideas and aims for upcoming operations. Some or all of the events or final results anticipated by these forward-looking statements may possibly not happen. Potential investors are cautioned that any this sort of forward-wanting statements are not assures of long run functionality and require hazards and uncertainties, and that true final results may well differ materially from individuals projected in the forward-on the lookout statements as a result of several things. Carrying out the technique described herein is appreciably dependent on numerous aspects, a lot of that are not in management’s command.
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