Acquisition Sets New Direction for Company
NORCROSS, GA / ACCESSWIRE / November 23, 2022 / Industry Source Consulting, Inc. (OTC Pink:INSO) announced today it's commitment to immediately acquire a Missouri based holding company that operates a large scale indoor and outdoor CBD production farm with various revenue generating brands. Additional details will be provided once the transaction is completed. The acquisition is set to close before the end of the month.
INSO recently announced that the Company had reached top tier reporting status with OTC Markets and is now current with the Company's quarterly filings.
'This equity acquisition is a significant step for the Company,' stated Michael K. Molen, outgoing CEO of INSO. 'The incoming management team will take day to day control of INSO with a new interim CEO to be introduced in the coming days. I want to thank our shareholders for their support during my time with the Company. I'm excited about the new direction. The revenue generating businesses they are bringing to INSO will bring increased value to the Company's shareholders.'
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
SOURCE: Industry Source Consulting, Inc.
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