Earth Science Tech, Inc. Board of Directors Approves Reduction of Authorized Common Stock
Earth Science Tech (OTC:ETST) announced its Board of Directors has approved a reduction in authorized common stock from 350 million to 300 million shares. The company currently has approximately 294.3 million shares outstanding.
CEO Giorgio R. Saumat emphasized that this strategic decision reflects the Board's confidence in the company's trajectory and demonstrates their commitment to preventing unnecessary shareholder dilution while protecting long-term shareholder value.
Earth Science Tech (OTC:ETST) ha annunciato che il Consiglio di Amministrazione ha approvato una riduzione delle azioni ordinarie autorizzate da 350 milioni a 300 milioni di azioni. La società attualmente possiede circa 294,3 milioni di azioni in circolazione.
Il CEO Giorgio R. Saumat ha sottolineato che questa decisione strategica riflette la fiducia del Consiglio nell'andamento della società e dimostra l'impegno a evitare inutili diluizioni per gli azionisti, proteggendo il valore azionario a lungo termine.
Earth Science Tech (OTC:ETST) anunció que su Junta Directiva aprobó una reducción en las acciones ordinarias autorizadas de 350 millones a 300 millones de acciones. La compañía cuenta actualmente con aproximadamente 294,3 millones de acciones en circulación.
El CEO Giorgio R. Saumat enfatizó que esta decisión estratégica refleja la confianza de la Junta en la trayectoria de la empresa y demuestra su compromiso de evitar diluciones innecesarias para los accionistas, protegiendo el valor a largo plazo para los mismos.
Earth Science Tech (OTC:ETST)는 이사회가 보통주 승인 총수를 3억5000만 주에서 3억 주로 축소하는 안건을 승인했다고 발표했습니다. 회사는 현재 약 2억9,430만 주(약 294.3 million 주)의 유통주식을 보유하고 있습니다.
CEO Giorgio R. Saumat는 이번 전략적 결정이 회사의 향후 방향에 대한 이사회의 신뢰를 반영하며, 불필요한 주주 희석을 방지하고 장기적인 주주 가치를 보호하려는 의지를 보여준다고 강조했습니다.
Earth Science Tech (OTC:ETST) a annoncé que son conseil d'administration a approuvé une réduction des actions ordinaires autorisées de 350 millions à 300 millions d'actions. La société détient actuellement environ 294,3 millions d'actions en circulation.
Le PDG Giorgio R. Saumat a souligné que cette décision stratégique reflète la confiance du conseil dans la trajectoire de l'entreprise et montre son engagement à éviter toute dilution inutile des actionnaires tout en protégeant la valeur actionnariale à long terme.
Earth Science Tech (OTC:ETST) gab bekannt, dass der Verwaltungsrat die Reduzierung der genehmigten Stammaktien von 350 Millionen auf 300 Millionen Aktien genehmigt hat. Das Unternehmen hat derzeit rund 294,3 Millionen ausstehende Aktien.
CEO Giorgio R. Saumat betonte, dass diese strategische Entscheidung das Vertrauen des Verwaltungsrats in die Unternehmensentwicklung widerspiegele und das Engagement zeige, unnötige Verwässerungen der Aktionäre zu vermeiden und den langfristigen Aktionärswert zu schützen.
- Reduction of authorized shares from 350M to 300M demonstrates commitment to prevent dilution
- Board's confidence in company's financial health and strategic direction
- Limited room for additional share issuance with 294.3M shares outstanding out of 300M authorized
Miami, Fla., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC: ETST) (“ETST” or the “Company”), a strategic holding company focused on acquiring and scaling high-potential businesses, today announced that its Board of Directors has approved a reduction of the Company’s authorized shares of common stock from 350 million to 300 million.
This strategic reduction in authorized shares of common stock is a direct reflection of the Board's confidence in the Company's current trajectory and its commitment to protecting long-term shareholder value.
"This move by the Board of Directors aligns with our current goal of reducing the share count." said Giorgio R. Saumat, CEO of ETST. "It sends a clear signal to the investment community: we are confident in our financial health, strategic plan, and we are committed to preventing unnecessary shareholder dilution.”
With the Company's outstanding share count at approximately 294.3 million, the Board determined that the previous authorization level of 350 million shares was no longer necessary given the Company's direction and financial planning.
About Earth Science Tech, Inc.
Earth Science Tech, Inc. operates as a strategic holding company, focused on value creation through the acquisition, operational optimization, and management of its operating businesses. The Company’s current operations include compounding pharmaceuticals, telemedicine and real estate development through its wholly owned subsidiaries: RxCompoundStore.com, LLC, Peaks Curative, LLC, Avenvi, LLC, Mister Meds, LLC (“Mister Meds”), and Earth Science Foundation, Inc., Las Villas Health Care, Inc., DOConsultations, LLC., and an
To learn more, please visit: www.EarthScienceTech.com
RxCompoundStore.com, LLC.
RxCompoundStore.Com, based in Miami, Florida, is a fully licensed compounding pharmacy authorized to fulfill prescriptions in the following states and territories: Arizona, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Maine, Maryland, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, Utah, Wisconsin and Puerto Rico. RxCompound is actively pursuing licensure in the remaining U.S. states.
To learn more please visit: www.RxCompoundStore.com
MisterMeds, LLC.
Mister Meds, acquired on October 1, 2024, is in Abilene, Texas. The pharmacy received full compounding licensure in March 2025. It operates out of a 5,000 sq. ft. facility owned by Avenvi and includes advanced sterile compounding capabilities with both positive and negative pressure environments, as well as hazardous drug handling. Mister Meds is currently applying for licensure in states not yet serviced by RxCompound.
To learn more please visit: www.mistermeds.com
Peaks Curative, LLC.
Peaks is a telemedicine referral platform offering asynchronous consultations for Peaks-branded compounded medications prepared at RxCompound and Mister Meds. The platform operates in states where either pharmacy is licensed. Through the development of its own healthcare provider network, MyOnlineConsultation.com, and ongoing licensure expansion for both pharmacies, Peaks aims to offer services nationwide. In addition, the company has recently expanded into the veterinary market through the acquisition of Zoolzy.com.
To learn more please visit: www.PeaksCurative.com
Las Villas Health Care, Inc.
Las Villas is a brick-and-mortar healthcare facility dedicated to the Spanish speaking community. Our expert-led services include advanced sexual health treatments, and customized solutions to enhance physical performance. We combine compassionate, personalized care with clear, trustworthy education—empowering you to take control of your health with confidence.
To learn more please visit: https://villashealth.com
Doconsultation.com, LLC.
Doconsultation was born with a passion to modernize the availability and delivery of home therapies. DOConsultations providers tailor a medication plan around your health and wellness goals and follow up with our patients to ensure results, while our partner pharmacies conveniently ship directly to your door.
To learn more please visit: https://doconsultations.com/
Avenvi, LLC.
Avenvi is a diversified real estate company engaged in development, asset management, and financing. With a growing portfolio of real estate holdings, Avenvi provides turnkey solutions from development to end-user financing. It also manages investment activities for ETST and oversees the Company’s ongoing
To learn more please visit: www.avenvi.com
MagneChef
MagneChef is a direct-to-consumer retail brand. Utilizing its patents and intellectual properties, the company aims to develop new products that can be marketed and sold online. Currently, the company has developed products for cooking. MagneChef is in the process of expanding its product line for new offerings that incorporate its intellectual property. In addition, the company has recently expanded into the premium American-made BBQ tool brand market through the acquisition of BBQraft.
To learn more please visit: https://magnechef.com/
About Earth Science Foundation, Inc.
Earth Science Foundation Inc. a 501(c)(3) nonprofit organization incorporated on February 11, 2019, is the charitable arm of ETST. ESF accepts grants and donations to assist individuals who need financial support for prescription costs at both RxCompound and Mister Meds.
SAFE HARBOR ACT: Forward-Looking Statements. Except for historical information, the matters discussed herein may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including, without limitation, future-oriented statements related to cash flow, gross margins, revenues, and expenses. These statements are based on and reflect our current expectations, estimates, assumptions and/or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts. They may include forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. Forward-looking statements are subject to a number of risks and uncertainties that may cause the Company’s actual results to differ materially from our intent, belief or current expectations, including, inter alia, the markets for the Company’s products and services, costs of goods and services, other expenses, government regulations, litigations, and general business conditions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
Company Contact:
Giorgio R. Saumat
CEO and Chairman of the Board
(305) 724-5684
IR@earthsciencetech.com
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