ATWEC Technologies, Inc. Announces Corporate Name Change to Park-Aid Asphalt and Maintenance, Inc., New Independent Directors Now Reflected on OTC Markets, and Provides Corporate Update

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ATWEC Technologies (OTCID: ATWT) is changing its corporate name to Park-Aid Asphalt and Maintenance, aligning with its acquisition of Park-Aid Asphalt and Maintenance Ltd. The company has new independent directors listed on OTC Markets, plans a FINRA ticker change filing, is preparing audits for an anticipated OTCQB uplisting, and intends to pursue a share buyback program.

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TUCSON, AZ / ACCESS Newswire / June 24, 2026 / ATWEC Technologies, Inc. (OTCID:ATWT) (the "Company") today announced that it is officially changing its corporate name to Park-Aid Asphalt and Maintenance, Inc., reflecting the Company's continued growth and strategic direction following its acquisition of Park-Aid Asphalt and Maintenance Ltd., a vertically integrated asphalt, concrete, earthworks, and facility maintenance contractor based in Nisku, Alberta.

The Company also announced that its newly appointed independent directors, Patria White and John Gulliford, CD, are now live and reflected on OTC Markets. As part of the Company's ongoing transition, management intends to file for a ticker symbol change with the Financial Industry Regulatory Authority ("FINRA") to align the Company's trading symbol with its new corporate identity.

In addition, the Company is preparing its audit in advance of an anticipated uplisting to the OTCQB Venture Market, a continued step in the Company's efforts to enhance its reporting standards and market visibility.

Looking ahead, the Company intends to focus on reducing its outstanding share count through a share buyback program, with repurchased shares to be returned to the Company's treasury.

"We're pleased to reach this milestone as we align our corporate identity with our core operating business," said Jeff Eales, Chief Executive Officer of the Company. "These steps - from our board additions to our audit preparation and capital structure initiatives - reflect our commitment to building long-term shareholder value."

About Park-Aid Asphalt and Maintenance, Inc.

Park-Aid Asphalt and Maintenance, Inc., through its operating subsidiary Park-Aid Asphalt and Maintenance Ltd., is a vertically integrated asphalt, concrete, earthworks, and facility maintenance contractor serving the Edmonton, Alberta metropolitan area and surrounding central Alberta region. The Company's core divisions include Asphalt, Concrete, Earthworks, Land Development, Maintenance, and Milling, allowing it to self-perform the majority of its project scope for municipal, commercial, and institutional clients.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company's anticipated name change, ticker symbol change, audit and uplisting plans, and share buyback program. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to regulatory approval (including FINRA approval of any corporate action), completion of the audit, satisfaction of OTCQB listing requirements, and the Company's ability to execute on a share buyback program. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Company Contact:
Joshua Weaver
Park-Aid Asphalt and Maintenance, Inc.
Email: josh@atwectechnologies.com
Phone: 520-360-5346

SOURCE: ATWEC Technologies, Inc.

View the original press release on ACCESS Newswire

FAQ

What corporate name change did ATWEC Technologies (ATWT) announce on June 24, 2026?

ATWEC Technologies announced it will change its corporate name to Park-Aid Asphalt and Maintenance. According to the company, this change reflects its strategic direction following the Park-Aid acquisition and aligns its identity with its asphalt, concrete, earthworks, and facility maintenance operations.

How is ATWT's name change connected to the Park-Aid Asphalt and Maintenance acquisition?

The new name directly references Park-Aid Asphalt and Maintenance, which ATWT previously acquired. According to the company, Park-Aid is a vertically integrated asphalt, concrete, earthworks, and facility maintenance contractor, and the name change aligns the public entity with its core operating business.

Who are the new independent directors added to ATWEC Technologies (ATWT) in 2026?

ATWT added independent directors Patria White and John Gulliford, CD, to its board. According to the company, these appointments are now reflected on OTC Markets and form part of a broader corporate transition and governance enhancements supporting its strategic and capital market initiatives.

What ticker symbol changes is ATWEC Technologies (ATWT) planning after its name change?

ATWT management intends to file with FINRA to change its ticker symbol to match the new corporate name. According to the company, this step aims to align its trading symbol with its updated identity as Park-Aid Asphalt and Maintenance for clearer market recognition.

What are ATWEC Technologies' (ATWT) plans for uplisting to the OTCQB Venture Market?

ATWT is preparing its audit in advance of an anticipated uplisting to the OTCQB Venture Market. According to the company, this effort is part of plans to enhance reporting standards and improve market visibility for investors following its strategic transition toward the Park-Aid business.

What share buyback intentions has ATWEC Technologies (ATWT) disclosed for shareholders?

ATWT plans to focus on reducing its outstanding share count through a share buyback program. According to the company, any repurchased shares are expected to be returned to treasury, reflecting a capital structure initiative aimed at supporting long-term shareholder value objectives.