Global Warming Solutions, Inc. Announces Additional 2.655m Share Reduction
Global Warming Solutions, Inc. (OTC: GWSO) has announced a reduction of 2,655,885 shares of its outstanding common stock.
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Rhea-AI Summary
Global Warming Solutions, Inc. (OTC: GWSO) has announced a reduction of 2,655,885 shares of its outstanding common stock. This move aims to prioritize shareholder interests, according to President Michael Pollastro. The press release highlights a shift towards sustainability and significant investments in electric vehicles (EVs) by global automakers, but does not directly link these trends to GWSO's business. The company encourages stakeholders to view their updated share count as a benefit for shareholders, enhancing the overall appeal of GWSO.
Positive
- Reduction of 2,655,885 shares enhances shareholder value.
- Company emphasizes prioritization of shareholder interests.
Negative
- None.
Details
News Market Reaction – GWSO
The recorded move for GWSO in the trading session of this news was +9.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Temecula, CA, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Global Warming Solutions, Inc., (OTC: GWSO), a worldwide developer of technologies that help mitigate global warming and its effects on the planet announces a reduction of 2,655,885 shares of its outstanding common stock. “We are pleased to announce that we have successfully reduced the outstanding shares by another 2.655 million, that were previously issued and outstanding. We are continuously putting the interest of our shareholders first.” - Michael Pollastro, President of GWSO.
“There is a profound and seemingly long-lasting shift to sustainability, with the U.S., China and Europe all on a green path. And U.S. cities and counties more than tripled the size of their renewable energy deals from 2015 to 2020, according to the American Cities Climate Challenge. Moreover, the reign of the internal combustion engine (ICE) might be coming to an end to give way to the battery electric vehicle. The International Energy Agency says that as of mid-2020, 17 countries have set
And according to a KPMG report, the top 10 global automakers are investing
"The number of shares issued and outstanding has now been further reduced which in return benefits the shareholders ", stated Michael Pollastro President of Global Warming Solutions Inc.
To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com
Contact:
Michael Pollastro
CEO
Global Warming Solutions, Inc.
mpollastro@gwsogroup.com
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