GreetEat Corporation Announces FINRA Completion of Corporate Name Change and Merger

Rhea-AI Summary

GreetEat (OTC PINK:REPO) announced FINRA's approval of its merger and corporate name change from National Asset Recovery , marking its strategic shift into the virtual dining industry. The company will continue trading under ticker REPO on OTC Pink.

GreetEat.com, the company's core platform, aims to connect people through virtual dining experiences. The company outlined key growth initiatives including: expansion to major metropolitan areas across North America, Europe, and Asia within 12-18 months; introduction of new revenue streams through premium subscriptions, advertising, and marketplace services; and leveraging its public listing to attract investors.

The company is transitioning from debt recovery services to focus on its proprietary platform that combines video conferencing with food delivery vouchers, targeting the food delivery market segment valued at $220 billion with an expected 10% annual growth rate.

Positive

• Strategic pivot into the $220 billion food delivery market with 10% annual growth rate
• Platform expansion planned across major global markets in next 12-18 months
• Multiple planned revenue streams: subscriptions, advertising, and marketplace services
• FINRA approval secured for merger and name change

Negative

• Complete business model transition from debt recovery to unproven virtual dining concept
• Operating only in select cities currently, indicating market presence
• Faces competition in saturated food delivery and video conferencing markets

RENO, NV / ACCESSWIRE / January 13, 2025 / GreetEat Corporation (OTC PINK:REPO) is pleased to announce that FINRA has approved its merger and corporate name change from National Asset Recover Corporation to GreetEat Corp. as part of the company's strategic realignment to focus on the rapidly growing virtual dining industry. Effective immediately, the company will trade under the new name GreetEat Corp. on the OTC Pink exchange, continuing under the ticker symbol REPO.

The transition marks the next phase of the company's evolution, as GreetEat Corp. will now focus on developing and expanding GreetEat.com, a revolutionary platform designed to connect people over virtual dining experiences.

"We are thrilled to announce this exciting milestone in our company's journey," said Vishal Patel, CEO of GreetEat Corp. "This name change and merger represent a pivotal step as we transition to a more dynamic and scalable business model. We see enormous potential in delivering a global platform to bring people together over shared, personalized dining, and our team is dedicated to growing GreetEat.com into a leader in this space."

Future Growth Plans for GreetEat Corp.

GreetEat Corp. has laid out several key initiatives designed to accelerate growth in the coming years:

• Platform Expansion: GreetEat.com is currently operational in select cities, and the company plans to expand to major metropolitan areas across North America, Europe, and Asia over the next 12-18 months. This global reach will help establish GreetEat.com as a premier platform for virtual dining worldwide.

• Revenue Diversification: In addition to its core business of connecting diners and hosts, GreetEat Corp. plans to introduce new revenue streams, including premium subscription options, advertising, and marketplace services for hosts to sell event packages.

• Investor Growth: With the backing of public markets, GreetEat Corp. will leverage its listing on OTC Pink to attract more investors as it scales operations. The company is committed to delivering long-term value to its shareholders through innovative solutions and market expansion.

"We believe GreetEat Corp. is positioned for significant growth," added Patel. "With our unique business model and strategic plans, we aim to become a leader in an largely unserved market. We are confident that this merger and name change will not only help us achieve our vision but also generate value for our shareholders."

About GreetEat Corporation:

GreetEat Corporation, currently trading under the name National Asset Recovery Corporation - ticker REPO on the OTC Pink, is a technology company that was created to connect colleagues, business partners, customers and prospects to food services during virtual meetings or conferences. GreetEat provides a simple to use proprietary platform to host a video conference and send the guests a food delivery voucher at the same time. The goal is to create an efficient bridge to both a business meal, and a secure video conference accessible to anyone in a remote environment. This process allows the host to avoid expensive catering and venue costs while allowing the guests to order a meal from their favorite participating local provider. It is the Company's intention to cease to do business as a debt recovery service to concentrate on engineering its platform and gaining market share. The food delivery market segment alone is estimated to be 220 billion USD with an anticipated annual growth rate of 10%. Steps have been taken to develop strategic relationships with global participants in this market segment. The company is also developing other custom host capabilities and options that it intends to implement in the near future.

$REPO

https://www.otcmarkets.com/stock/REPO

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates, and projections about the company's business and industry, management's beliefs, and certain assumptions made by the management. Such statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to obtain FINRA approval for the proposed name change, market conditions, and other factors beyond the company's control. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

Annie Lee
Director, Marketing & Communications
annie@greeteat.com
236-471-6618

SOURCE: GreetEat Corporation

View the original press release on accesswire.com

FAQ

What is the new business focus of GreetEat Corp (REPO) after the FINRA approval?

GreetEat Corp (REPO) is now focusing on developing GreetEat.com, a platform that combines virtual dining experiences with video conferencing and food delivery services, moving away from its previous debt recovery business.

What is the market size and growth rate for GreetEat's (REPO) target market?

GreetEat (REPO) is targeting the food delivery market segment, which is estimated at $220 billion with an anticipated annual growth rate of 10%.

What are GreetEat's (REPO) expansion plans for 2025-2026?

GreetEat (REPO) plans to expand its platform from select cities to major metropolitan areas across North America, Europe, and Asia over the next 12-18 months.

What new revenue streams is GreetEat (REPO) planning to implement?

GreetEat (REPO) plans to introduce premium subscription options, advertising, and marketplace services for hosts to sell event packages as new revenue streams.

How does GreetEat's (REPO) platform work for business meetings?

GreetEat's platform allows hosts to conduct video conferences while sending food delivery vouchers to guests, enabling remote business meals without expensive catering and venue costs.