Eco-Growth Strategies Updates on Uplisting Preparations and Funding Options Evaluation

Eco-Growth Strategies Uplisting Preparations and Funding Options Update



Introduction
Eco-Growth Strategies, Inc. (OTC: ECGS), a premier bottled water company based in Hawaii, has recently provided a significant update regarding its uplisting preparation and funding evaluations. This notice comes following their board’s endorsement of a multi-faceted uplisting readiness initiative aimed at optimizing operational frameworks and governance standards to meet the demands of capital markets.

Current Status of Uplisting Preparations
In the latest developments, ECGS has transitioned into the execution phase of its uplisting plan. This includes various workstreams designed to fortify its public-facing structure and compliance protocols. The pivotal aspects of this phase involve:
  • - PCAOB-standard Financial Audits: Completion of required audits that adhere to the standards set by the Public Company Accounting Oversight Board.
  • - SEC Reporting Compliance: Strategic preparation to comply with full reporting obligations governed by the Securities and Exchange Commission.
  • - Corporate Governance Expansion: Enhancements in corporate governance through the introduction of independent board members and committee formations are in progress.
  • - Internal Control Enhancements: Upgrading of internal control measures and policies, along with fortified disclosure procedures, is underway.
  • - Operational Documentation: Continuous enhancement of operational documentation related to water production facilities in Hawaii.
  • - Investor Communication Improvements: Updates and improvements to investor communication strategies and organizational infrastructure.

These initiatives represent a significant step forward for ECGS as it aims to solidify its operational backbone and stakeholder engagement.

Institutional Funding Evaluation
Alongside the uplisting preparations, Eco-Growth Strategies is assessing potential institutional funding options in alignment with its broader capital-markets strategy. This evaluation is focused on fostering operational growth and optimizing the company’s balance sheet. The objective remains clear: to ensure readiness for future financing opportunities while adhering to the governance principles and regulatory frameworks suitable for such actions.

The Company explicitly stated that it is not involved in any current offering, emphasizing that any future financing will be contingent upon Board approval, favorable market conditions, and adherence to regulatory standards.

Leadership Perspective
Executive Chairman W.J. 'Bill' Delgado expressed his confidence regarding the uplisting strategy, addressing the company's concerted shift from planning to execution. He remarked, “With our Board-approved uplisting preparation plan in place, we are focused on building the systems, governance, and reporting discipline expected of national-exchange issuers. At the same time, we are responsibly evaluating institutional funding alternatives that could support our long-term growth objectives.” The statement underscores the company’s commitment to disciplined execution and transparency in its future endeavors.

Key Considerations and Forward-Looking Statements
While these developments are promising, the company stressed that its activities regarding uplisting preparation and funding evaluations are, at this stage, preliminary and investigational. There is no guarantee of a formal listing approval or financing at this juncture, with any potential future activities dependent on satisfying regulatory and market requirements set forth by appropriate authorities. The release contains forward-looking statements as defined in the Private Securities Litigation Reform Act, outlining potential operational, regulatory, and financing-related risks.

About Eco-Growth Strategies, Inc.
Eco-Growth Strategies, Inc. specializes in the development and distribution of premium bottled water sourced from the pristine ecosystems of Hawaii. The company is focusing on enhancing its operational capabilities and is traded on the OTC Markets under the ticker ECGS. For more information, visit Eco-Growth Strategies.

Conclusion
As Eco-Growth Strategies moves forward with its uplisting preparations and evaluates institutional funding options, it remains committed to creating a robust foundation for future growth. Investors and stakeholders are keenly anticipating the company’s forthcoming board nominations and further updates on its progress in the competitive bottled water industry.

Topics Consumer Products & Retail)

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