Beyond Commerce Looks to Move Forward with Growth Opportunities After Reaching Confidential Settlements in Lawsuits

Rhea-AI Summary

Beyond Commerce (OTC PINK:BYOC) announced the confidential settlement of lawsuits in Minnesota and Nevada involving its former subsidiary Service 800. The settlement resolves all claims against the company and defendants without any admission of fault or liability. CEO Geordan Pursglove expressed satisfaction with the resolution and indicated the company's readiness to pursue new growth opportunities.

Positive

• Resolution of all pending litigation in Minnesota and Nevada
• Settlement reached without admission of fault or liability
• Company now free to focus on growth initiatives

Negative

• Terms of settlements are confidential, limiting transparency for investors
• Service 800 noted as 'former subsidiary' suggesting potential loss of business unit

LAS VEGAS, NV / ACCESSWIRE / November 12, 2024 / Beyond Commerce, Inc. (OTC PINK:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, announced today that Service 800, Inc., a now former subsidiary of Beyond Commerce is pleased to announce that lawsuits in Minnesota and Nevada have now been settled. Terms and conditions are confidential.

The confidential settlement resolves all claims asserted against Beyond Commerce and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing by the Company or any defendant.

Geordan Pursglove, Beyond Commerce's Chief Executive Officer, stated, "We are pleased to announce that Beyond Commerce has successfully resolved all pending litigation in Minnesota and Nevada. This has been a long process, and as we look ahead, we are excited to be able to move forward with Beyond Commerce and are committed to the growth and future of the company. We look forward to sharing updates with shareholders and Wall Street as we make inroads with new identified endeavors."

About Beyond Commerce,Inc.

Beyond Commerce, Inc. (OTC PINK:BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com.

Twitter: @incbyoc
Facebook: fb.me/incbyoc

Forward-Looking Statements

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, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.

Contact Information:

investors@beyondcommerceinc.com
p702-675-8022

SOURCE: Beyond Commerce, Inc.

View the original press release on accesswire.com

FAQ

What lawsuits did Beyond Commerce (BYOC) settle in 2024?

Beyond Commerce settled lawsuits in Minnesota and Nevada involving its former subsidiary Service 800. The terms of the settlements are confidential.

Was Beyond Commerce (BYOC) found liable in the 2024 lawsuit settlements?

No, the settlements were reached without any admission, concession or finding of fault, liability or wrongdoing by Beyond Commerce or any defendant.

How will the lawsuit settlements affect Beyond Commerce's (BYOC) future plans?

According to CEO Geordan Pursglove, the resolution allows Beyond Commerce to move forward with new growth opportunities and business endeavors.