LAJOLLA, CA--(NewMediaWire- Sep 17, 2015) - AV1 Group, Inc. (OTC
PINK: AVOP) is pleased to announce that the Board of
Directors has authorized the cancellation and return to treasury of
1,036,794,100 common shares of restricted stock in an effort to
fortify investor confidence and strengthen shareholder
value.
As previously announced, on April 1, 2014, Marijuana Incubator
Group, Inc., a Wyoming corporation, acquired 7,859,375,858
restricted common shares of the Company and through a Plan of
Merger, became a wholly-owned subsidiary of the Company. On October
28, 2014, the Company canceled 1,633,000,000 common shares and
returned the stock to treasury. On February 19, 2015, the Company
cancelled 5,189,581,758 common shares and returned to the stock to
treasury.
"We are persuaded that in the retirement of stock, the Company
is building a stronger foundation and strengthening its share
valuation. Our goal continues to be the methodical development of
our Company, protection of the integrity of the stock structure,
and the enhancement of our shareholder value," stated Bryen
Beglinger, Chief Executive Officer of AV1 Group, Inc.
The Company recently disclosed that it had filed a Form D with
the Securities and Exchange Commission for a $2 million private
placement under the auspices of Rule 506(c) of Regulation D for
accredited and institutional investors. The placement has been
structured by offering 2million Class B Preferred Shares at the
price of $1 per share. The Class B Cumulative Redeemable Preferred
Shares will pay a twelve percent (12%) cumulative dividend each
fiscal year, with a sinking fund set up for the first year. The
Class B Preferred Shares are redeemable at 120% of the purchase
price any time after two years from date of issuance. The Company
pays an 8% placement commission to registered broker-dealers.
Developments will be forthcoming, The Company intends to keep
shareholders fully informed as events materialize.
About AV1 Group, Inc.: AV1 Group, Inc. is
a publicly traded investment and holding company established to
identify, secure, and monetize emerging growth companies,
technologies and ecommerce businesses positioned for exponential
growth. The Company seeks to discover inspired entrepreneurs with
revolutionary concepts which can make a substantial footprint in
markets that the Company believes to have considerable growth
potential. AV1 Group, Inc.'s comprehensive business model also
includes a division which delivers internally created projects that
are poised for revenue generation, and a platform enabling the
Company to develop embryonic stage subsidiaries under one umbrella,
bringing a spectrum of backgrounds to the table, thus providing a
significant resource of experience, knowledge and expertise to
every venture. AV1 Group, Inc. explores every opportunity to help
each sector exceed their revenue goals while building close, active
working relationships; preparing each respective division to be a
robust competitor in their chosen markets. For more information
visit: http://www.av1group.com/
Safe Harbor Statement:
The press release may include certain statements that are not
descriptions of historical facts but are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements may include the description of our
plans and objectives for future operations, assumptions underlying
such plans and objectives, and other forward-looking terminology
such as "may," "expects," "believes," "anticipates," "intends,"
"projects," or similar terms, variations of such terms or the
negative of such terms. There are a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements made herein. Such information
is based upon various assumptions made by, and expectations of, our
management that were reasonable when made but may prove to be
incorrect. All of such assumptions are inherently subject to
significant economic and competitive uncertainties and
contingencies beyond our control and upon assumptions with respect
to the future business decisions which are subject to change.
Accordingly, there can be no assurance that actual results will
meet expectation and actual results may vary (perhaps materially)
from certain of the results anticipated herein. We are under no
obligation to (and expressly disclaim any such obligation to)
update or alter our forward-looking statements, whether as a result
of new information, future events or otherwise.
