Gen2 Technologies to Focus on Core Businesses and Cease Historical Legal Action
HENDERSON, Nev., Jan. 28, 2021 /PRNewswire/ — Gen2 Technologies Inc. (the “Company”) (OTC: BRKK) wishes to update its shareholders that it will cease all litigation in process related to historical issues stemming from the company’s previous and discontinued product lines such as the RefCam. The company will no longer deploy any shareholder funds towards attempts at recoveries.
Mr. Michael Kovacocy, COO and Head of IR, stated: “Progress on our forward story and developing group of businesses and IP portfolio has been more robust and quicker than expected. Shareholder value is best served by leaving the past in the past and focusing management time and effort and shareholder funds on building up our exciting businesses, where we expect to make further important announcements in the near term.”
Mr. Daniel Serruya, CEO, further added, “Various prospective investors and current shareholders have communicated both their concerns and also their optimism regarding the direction we are taking the company. And we have listened. As we continue to ramp up towards the roll-out of our Iris Network and build the Blockstone and Fintellus businesses, we need focus of time and money on where we can build a sustainable and much more valuable business for shareholders.”
For further queries, please feel free to email our IR at: michael.kovacocy@gen2technologies.com
BRK Inc./Gen2 Technologies Inc. (OTC PINK: BRKK), The foregoing contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as “will,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “is targeting,” “may,” “should,” ‘’poised,’’ and other similar words or expressions. Forward-looking statements are made based upon management’s current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.’s website, http://www.brkgen2.com does not constitute a part of this release.
Contact:
michael.kovacocy@gen2technologies.com
brkgen2.com
+1(702)572–5080
SOURCE Gen2 Technologies Inc.
Originally Posted on
The Capital
