Propellus Reorganizes and its OTCIQ Application is Approved
NEW YORK, Aug. 26, 2021 /PRNewswire/ -- Propellus Inc., an Oklahoma corporation, (OTC PINK: PRPS), an alternative finance company that specializes in assisting small businesses with their cash flow needs, announced today that it had completed a reorganization with Sunvalley Solar Inc. Under the terms of the reorganization, Propellus (PRPS) became the Parent/Public Company with Sunvalley Solar moving its domicile and becoming a subsidiary with a resulting name change to Sunvalley Solar Tech, Inc. Propellus Financial Services, Inc. (f/k/a Propellus Inc. Wyoming), our operating entity, became a wholly owned subsidiary of PRPS under a Share Exchange Agreement and Sunvalley Solar Tech, Inc. was removed from the operations of PRPS. Also as part of the reorganization, Ralph Johnson assumed the role of CEO and Director, and Kelvin Joseph became the Company's CFO and Director and Michael Colombo joined the Board of Directors.
Mr. Johnson will oversee the day-to-day operations of the Company as Chief Executive Officer and Chairman of the Board of Directors. Mr. Johnson has been a financial professional for 30 years. In 2008, Mr. Johnson founded and developed his own proprietary factoring and alternative financing company that grew assets from zero to over
About Propellus Inc.: Propellus Inc., is engaged in offering small businesses a variety of financing alternatives ranging in amounts between
Contact:
Ralph Johnson
(212) 220-9755
info@propelluscorp.com
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SOURCE Propellus Inc.