SANP dba PODWERKS Reports 2016 Year-End Financial Results and Other Corporate Updates
26 April 2017 - 9:40PM
InvestorsHub NewsWire
DORAL, FL -- April
26th, 2017 -- InvestorsHub NewsWire -- Santo Mining
Corp. dba PODWERKS (the "Company"), (OTCBB:SANP)
is pleased to announce today, that the company has ended 2016 with
positive revenues and improved financials compared to the company's
previous history since its inception in 2009. During the past three
months, the company's focus has been on building a solid business
model with its new venture Podwerks. The company is
developing American’s premier cannabis co-workspace with its unique
and novel urban pod campus solutions for the cannabis industry.
The company has filed its 2016 year-end financial reports with the
OTC-Markets. For the year-end 2016 the gross profits was
$391,047.00USD compared to $0.00USD in 2015-2009, operating income
was $296,541.00USD compared to a negative -$166,000.00USD in
2015.
The company has been diligently working to get all its financial
documentations in order for the anticipated audit and its super
10-K filling. In an effort to establish total transparency
the company has moved forward with becoming OTC Pink current in the
next 15 days, as it continues to work on up-listing to fully
reporting.
"This is the first time in the history of SANP, that its financials
show such a positive record,” stated Franjosé Yglesias CEO, “There
will be much work during the months to come as we transition from a
OTC Pink to a fully reporting company, clean up all the debt that
we inherited and with our new business model Podwerks, we feel that
we will develop a $5 Billion dollar company in the next 5
years.”
The company’s current 90 days corporate workload is as follows:
- 1-OTC Information and
Disclosure Statement for 2016, no later than May
5th.
2-Attorney letter with
respect to current information.
3-Uploading the company’s
1Q-2017 financials by mid May.
4-On-going
audit.
5-Super
10-K.
6-New Corporate
website.
7-Marketing and
development of Podwerks.
8-Name
change.
9-Symbol
change.
10-CUSIP
change
About Podwerks
Podwerks is a pioneering and first-of-its-kind co-working space for
the cannabis entrepreneur in the United States, providing turnkey
business and growing solutions for cultivating, marketing and
selling cannabis related products.
As part of its mission of Grow for Life, Podwerks aims to
create a sustainable and community driven workspace by providing an
affordable, scalable and a safe business environment for its
customers and owner-operators. Already positioned at the
forefront of the cannabis start-up scene, Podwerks continues to
innovate and lead the way in the cannabis shared-economies business
world.
Podwerks is a division of Santo Mining Corp, a publically traded
company in the Over-the-Counter (OTC) market. It currently
trades under the ticker symbol
SANP.
Media contacts:
Podwerks
Mr. Matthew
Arnett
844.420.4203
media@podwerks.com
http://www.podwerks.com/
Forward Looking Statements and
Disclaimer
Statements made in this press release
that express the Company or management's intentions, plans,
beliefs, expectations or predictions of future events, are
forward-looking statements. The words "believe," "expect,"
"intend," "estimate," "anticipate," "will" and similar expressions
are intended to further identify such forward-looking statements,
although not all forward-looking statements contain these
identifying words. Those statements are based on many assumptions
and are subject to many known and unknown risks, uncertainties and
other factors that could cause the Company's actual activities,
results or performance to differ materially from those anticipated
or projected in such forward-looking statements. The Company cannot
guarantee future financial results; levels of activity, performance
or achievements and investors should not place undue reliance on
the Company's forward-looking statements. No information contained
in this press release should be construed as any indication
whatsoever of the Company's future financial performance, future
revenues or its future stock price. The forward-looking statements
contained herein represent the judgment of the Company as of the
date of this press release, and the Company expressly disclaims any
intent, obligation or undertaking to update or revise such
forward-looking statements to reflect any change in the Company's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based.
No information in this press release should be construed as any
indication whatsoever of the Company's future revenues or results
of operations
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