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Vancouver, BC, Feb. 25, 2022 (GLOBE NEWSWIRE) — Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech“) (OTCQB: CRYBF) wishes to make the following statements regarding certain market activity surrounding its common stock traded on the OTCQB market (the “Common Shares“).
Since the Company’s Common Shares began trading on the OTCQB Market, trading volumes for the Company’s Common Shares have been relatively robust. However, the Company acknowledges that trading volume on February 22, 2022, was statistically higher than previous daily volume averages and the share price increased notably relative to prior trading days. On February 23, 2022, the Company was notified by the OTC Markets about certain promotional activities in relation to the Common Shares, including in particular, two newsletter emails dated February 22, 2022, and February 23, 2022. The Company has made efforts to increase its brand and company awareness by engaging Stockhouse Publishing Ltd, NAI Interactive Ltd, Signal Point Communications Inc, Dauntless Marketing Inc, AlphaOne Media Group Inc, Amherst Baer Consultancy Corp, Yabucoa Partners Corp dba Street Smart, IAM Ventures Inc., and MarketOne Media Group Inc, to provide digital marketing and brand awareness services in an effort to ass ist the Company with its goal of creating professional marketing materials and also to achieve broader market awareness of the Company’s Common Shares. The Company believes that competent and rigorous management, an involved board of directors to provide checks and balances, an active business plan, advertising initiatives and achievement of corporate milestones, can increase value and its exposure to the capital markets. The Company engaged these various groups to assist them in achieving these goals and communicating the successes to the market.
Once brought to the Company’s attention, each of the newsletters from February 22, and February 23, 2022 were reviewed by management. It was deemed that they presented factual statements regarding the Company, its business and industry, seemingly drawn from the Company’s press releases. While the Company supports the factual statements in the newsletters that were based on prior press releases, both newsletters included information and promotional …
Full story available on Benzinga.com
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