Breaking #AI
#Stock News: LZG International, Inc. (FatBrain AI) (OTC: $LZGI) Announces Plans
to Uplist to #OTCQB® Venture Market; Completes Required Filings to Facilitate
Process @Fatbrainai
#Artificialintelligence
NEW
YORK, NY - September 20, 2022 (Investorideas.com Newswire) FatBrain AI (LZG
International Inc.; OTC: LZGI), the leader in powerful and
easy-to-use artificial intelligence (AI) solutions empowering global growth
businesses, is pleased to announce it has begun the process for moving off the
OTC Pink Sheets® and uplisting to the OTCQB Venture Market. The Company has
completed and submitted the required paperwork to facilitate the planned
uplist.
Read
this news, featuring LZGI in full at: https://www.investorideas.com/CO/LZGI/news/2022/09201Plans-Uplist-to-OTCQB.asp
FatBrain
AI believes the move to the OTCQB will provide enhanced investor benefits
including higher reporting standards, greater access to analyst coverage and
news services, and more comprehensive compliance requirements. The OTCQB is
considered by the Securities and Exchange Commission (SEC) as an
"established public market" for determining the public market price
when registering securities for resale with the SEC. The OTC Pink is not
considered as such, and most broker dealers will not trade or recommend OTC
Pink stocks. As the OTCQB dramatically increases transparency, reporting
standards, management certification and compliance requirements, most broker
dealers trade stocks on the OTCQB.
Historically,
companies that have made the move up to the OTCQB tier have experienced
increased investor awareness, greater liquidity and visibility of their common
stock.
Peter
B. Ritz, co-founder and CEO of FatBrain AI, said, "Uplisting to the OTCQB
will assist our company in providing greater shareholder value. It will allow
us to achieve greater market visibility along with increased trading liquidity
within the investment community. We look forward to showcasing our company to a
larger audience of domestic and international investors." Mr. Ritz added,
"Uplisting to OTCQB is the first of several exciting advancements planned.
We believe that while this is just the first step toward a more favorable
NASDAQ listing, it provides immediate market credibility to expedite our
mission to become a global AI solutions provider."
For
more information, see: OTCQB Eligibility Requirements at https://www.otcmarkets.com.
About OTC Markets Group and the OTCQB Venture Market:
OTC
Markets Group Inc. operates financial markets for 12,000 U.S. and global securities.
We organize these securities into three markets based on the quality and
timeliness of information a company provides to investors: the OTCQX® Best
Market, the OTCQB® Venture Market, and the Pink® Open Market. We utilize the
power of technology to make markets more efficient, empowering a broad range of
companies to improve their investor experience - all without the cost,
complexity and resource drain common with an exchange listing.
The
OTCQB® Venture Market is for entrepreneurial and development stage U.S. and
international companies. To be eligible, companies must be current in their
reporting, have a minimum bid price of $0.01, may not be in bankruptcy and must
undergo an annual verification and management certification process. These
standards provide a strong baseline of transparency to improve the information
and trading experience for investors.
About FatBrain AI (LZG International, Inc.):
FatBrain
AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI
solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow,
innovate, and drive the majority of the global economy. FatBrain's AI 2.0
technologies and advanced data services transform continuous learning,
narrative reasoning, cloud and blockchain technologies into auditable,
explainable and easy to integrate AI solutions. FatBrain's subscription model
allows all companies to deploy its advanced AI solutions quickly and easily,
securely utilizing them on premises behind their firewalls or via cloud.
For
more information, please visit: https://www.fatbrain.ai
Source:
FatBrain; LZG International, Inc.
Safe
Harbor Statement
This
release does not constitute an offer to sell or a solicitation of offers to buy
any securities of any entity. This release contains certain forward-looking
statements based on our current expectations, forecasts and assumptions that
involve risks and uncertainties. Forward-looking statements in this release are
based on information available to us as of the date hereof. Our actual results
may differ materially from those stated or implied in such forward-looking
statements, due to risks and uncertainties associated with our business, which
include the risk factors disclosed in our Form 10-K filed with the Securities
and Exchange Commission on September 13, 2022. Forward-looking statements
include statements regarding our expectations, beliefs, intentions, or
strategies regarding the future and can be identified by forward-looking words
such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may,"
"should," and "would" or similar words. All forecasts
provided by management in this release are based on information available at
this time and management expects that internal projections and expectations may
change over time. In addition, the forecasts are based entirely on management's
best estimate of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and existing customers
about our products and services. We assume no obligation to update the
information included in this press release, whether as a result of new
information, future events or otherwise.
SOURCE
LZG International, Inc.
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