#USA #Honolulu #Eco-Growth #Hawaii Water #National Exchange

Eco-Growth Strategies Plans for Uplisting

Eco-Growth Strategies, Inc. (OTC: ECGS), a premium bottled water company based in Hawaii, has announced the formal approval of a detailed Uplisting Preparation Plan by its Board of Directors. This strategic initiative aims to align the company with the expectations and requirements of a national securities exchange. The board has allocated a budget of up to $350,000 to ensure the successful execution of this plan, which marks a significant commitment to the company’s long-term growth.

Strategic Objectives

The approved Uplisting Preparation Plan outlines crucial steps for the company as it progresses towards a potential listing. This phase concentrates on enhancing financial reporting, improving governance structures, documenting operational processes, and reinforcing public-company infrastructure. These enhancements are critical as ECGS strives to meet the rigorous standards mandated for national exchange issuers.

Recent Developments

The board's approval follows a series of positive developments that have laid the groundwork for the company's uplift initiative. Among the significant milestones achieved in recent months are:

• - Ticker Symbol Reservation: The company has successfully reserved the ticker symbol "THWC" with Nasdaq, an important step in its long-term capital markets strategy.
• - Financing Achievements: ECGS has secured approximately $2.3 million in cumulative financing over the past year, bolstering its operational capacity and corporate readiness.
• - Enhanced Governance Practices: Ongoing upgrades to reporting systems and governance structures have been instituted to better reflect best practices in corporate management.
• - Partnerships: The company has onboarded a distinguished investment bank positioned to provide capital markets advisory services.
• - Operational Planning: ECGS has made strides in facility and production planning to optimize its Hawaiian water operations.

These coordinated actions illustrate ECGS’s dedication to building a sustainable and resilient corporate structure, accommodating future growth and investor interests.

CEO’s Statement

In a statement from CEO W.J. 'Bill' Delgado, he expressed enthusiasm about the board's decision, stating, "We are pleased to take this next major step forward. The approval of our preparations provides clear direction and resources necessary to enhance our financial reporting and governance systems. Over the past year, we have built real momentum, and this plan will allow us to continue progressing as a public company while preparing for future opportunities, including the uplisting itself. We are focused on disciplined execution and long-term value creation for our shareholders."

Overview of the Uplisting Preparation Plan

The comprehensive plan approved covers several key components:
1. PCAOB-standard Audits: Completion of audits to meet the higher standards required for national exchanges.
2. Transition to SEC Reporting: Moving towards full compliance with SEC reporting requirements.
3. Governance Expansion: Enhancing governance by adding independent board members and forming committees.
4. Financial Controls: Strengthening financial controls and corporate policies to improve accountability and compliance.
5. Operational Documentation: Continued documentation of operations and readiness for Hawaiian water production.
6. Investor Communication Enhancements: Upgrading systems for investor relations and public communications.

With the board's authorization, ECGS management is set to promptly implement these initiatives, which are essential to achieving the robust organizational framework required for uplisting.

Cautionary Notes

It is crucial to note that the Uplisting Preparation Plan and the reservation of a Nasdaq ticker symbol represent initial actions and do not guarantee listing eligibility or approval. The company's potential listing will depend on fulfilling quantitative and qualitative requirements, along with navigating regulatory and market conditions. As such, no assurance can be made regarding the acceptance or approval of any listing application.

About Eco-Growth Strategies, Inc.

Eco-Growth Strategies, Inc. is dedicated to the production of high-quality purified and natural spring water sourced from the Hawaiian Islands. The company is actively pursuing expansion in facilities and infrastructure while listed on the OTC Markets under the ticker ECGS. For more information, visit www.hawaiianisleswater.com.