APOZ Is Working On Its FTZ Status
Rhea-AI Summary
Positive
- FTZ status would provide competitive advantages in attracting international companies
- Companies in APOZ would benefit from reduced or eliminated customs duties and taxes
- Potential for supply chain optimization and logistics streamlining
- Dual status as both QOZ and FTZ would enhance business park's attractiveness
Negative
- FTZ status is not yet secured and remains pending
- Success in attracting overseas companies is not guaranteed
News Market Reaction – TKCM
On the day this news was published, TKCM declined 15.25%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
APOZ is becoming a QOZ & FTZ Dual Status Business Park
HOUSTON TX / ACCESS Newswire / June 11, 2025 / ASC Global Inc. as a wholly-owned subsidiary of Token Communities (OTC PINK:TKCM) has initiated the effort and process of becoming a Foreign Trade Zone, in addition to its Qualified Opportunity Zone status.
According to Ms. Tina Pei Wise, the Director of Coordination of the company, Baytown West Chambers County Economic Development Foundation has been providing a great deal of support and assistance to the APOZ Project, including the kind introduction made to IMS Worldwide Inc. to handle the application process, along with many valuable insights and expertise. Once the FTZ status is secured, APOZ will gain a great deal of competitiveness in attracting hundreds of overseas companies to relocate into APOZ Business Park, by saving valuable working capital in importing manufacturing equipment, semi-completed parts & components, and raw materials.
FTZ : Foreign-trade zones (FTZs) are specially designated sites near U.S. ports of entry that allow corporations of all sizes to move goods in and out of the country paying reduced or no customs duties, taxes, or fees. Designed to help U.S. companies remain globally competitive, companies operating in an FTZ are treated as if they are outside of U.S. Customs territory for duty purposes. In addition to customs deferrals and exemptions, FTZs can help companies save money in many other ways as well.
By using FTZs strategically, companies can optimize their supply chains, streamline logistics, gain control over their inventory, minimize regulatory hassles, and take advantage of tax breaks unavailable to companies operating outside of FTZs, among other things.
For any further information, please contact Mr. David Champ at (631) 397-1111
Forward-Looking Statements
Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Token Communities Ltd.
View the original press release on ACCESS Newswire