Wikisoft Corp. releases statement on promotional activity regarding its common stock

SAN FRANCISCO, CA/ACCESSWIRE/May 9, 2022/Wikisoft Corp. (OTCQB:WSFT) announced today that it has been made aware of certain promotional activities regarding WSFT common stock. On May 5, 2022, the Company first became aware of certain promotional activities regarding the Company and its common stock, after receiving notification from OTC Markets that online promotional reports encouraging the purchase of WSFT stock may have had an impact on trading activity in the Company’s shares. securities. Until notified by OTC Markets, the Company was unaware of the promotional activity and remains unaware of the full nature and content of such activity, the extent of broadcast or parties involved. The Company is in no way affiliated with the perpetrators of the promotional activity identified by OTC Markets.

Identified campaigns describe being compensated up to fifteen thousand dollars by wire transfer from ACN LLC to conduct a 3-day Investor Relations advertising and marketing campaign (2022-04-05 to 2022-04-05 /2022) for WSFT. The officers, directors and 10% holders of the Company have not been involved, directly or indirectly, in the creation, distribution or payment of the promotional material. The campaign uses previous press releases issued by the company, but the campaigns also use common features of misleading and manipulative promotions such as:

  • Suggest a promise of a specific future stock performance or profit to investors
  • Urge the investor to act immediately and not miss a great opportunity
  • Praising the performance or profit potential of an issuer’s security with unsubstantiated or exaggerated statements about the stock’s price or its expected trajectory.

Certain statements contained in promotional materials provided to the Company by OTC Markets may be materially false and/or misleading. The Company encourages those interested in the Company to rely solely on the information contained in its press releases combined with its filings and disclosures with the United States Securities and Exchange Commission.

In its investigation of this matter, the Company interviewed its officers, directors and majority shareholders. The Company, its officers, directors and majority shareholders have not sold or purchased securities of the Company during the past 90 days. The Company definitively declares that the Company, its officers, directors and, to its knowledge, its controlling shareholders have not, directly or indirectly, authorized or participated in any way whatsoever in the creation or distribution of promotional materials of any kind.

Additionally, other than a purchase agreement signed on May 10, 2021 which provides that the Company has the right, but not the obligation, to cause White Lion Capital, LLC to purchase up to $20,000,000 of ordinary shares of the Company, from time to time, during the commitment period at 85% of the lowest daily VWAP of ordinary shares of the Company during the five (5) business days from the date on which the Company delivers notice of sale to White Lion, the Company has not issued any shares or convertible instruments eligible for conversion into equity securities at prices representing a discount to the prevailing market rate at the time of issue.

Over the past twelve months, the Company has engaged with the following companies to provide investor relations, public relations, marketing or other related services, including promotion of the Company:

  • The Company entered into an advisory agreement with Milestone Management LLC on 08/01/2022 and amended it on 02/18/21 to postpone the campaign until 06/01/2022. The company terminated the contract on 3/14/22. The services were never carried out. The shares held by Milestone Management are restricted and therefore the previous service provider has not sold any securities in the past 90 days or been involved in the creation, distribution or payment of promotional materials.
  • The Company signed a contract on 11/23/21 with North Equities and issued 438,333 restricted shares for the services. The contract was terminated on 2/17/22 and no further work was performed by North Equities for the company. Shares are still limited, so the former service provider has not sold any securities in the past 90 days or been involved in the creation, distribution, or payment of promotional materials.
  • The Company has no agreements or unwritten understandings with any other third party service providers.

The above press release was provided by the aforementioned company via the OTC Disclosure and News Service. The issuers of press releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such press releases.

ABOUT WIKISOFT CORPORATION

In today’s fast-paced business world characterized by increasing globalization, Wikisoft leverages big data and related information from enterprise datasets to improve performance.

In line with this new phase of globalization, Wikisoft believes there is a growing demand for access to credible and reliable business data. Data is essential for creating the complete view of customers, prospects, investors, suppliers and partners needed to make the right decisions.

Our vision is to create opportunities on a global scale by collecting accurate data, curating it, verifying it and putting it in the hands of professionals and enterprises as consumable business intelligence. We believe in the power of Wikisoft to collect massive amounts of data and deliver it to businesses in an organized, credible, and reliable way.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements about the Company. You can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend of”, “plans”, “believes”, “is/are likely to”, “future” or other similar expressions. The Company has based these forward-looking statements primarily on the Company’s current expectations and projections regarding future events and financial trends that the Company believes could affect the Company’s financial condition, results of operations, business strategy and financial needs. of the society. There can be no assurance that the Company’s current expectations and projections are accurate. All forward-looking statements contained in this press release are based on Company information as of the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly changing environment. New risk factors appear from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. This press release does not constitute or form part of an offer or invitation to purchase, otherwise acquire, issue, subscribe, sell or otherwise dispose of securities, or any solicitation of any offer to purchase, otherwise acquire, issue, subscribe, sell or otherwise dispose of securities of the Company. The publication, publication or distribution of this announcement in certain jurisdictions may be restricted by law and, accordingly, persons in such jurisdictions in which this announcement is published, published or distributed should inform themselves of and observe such restrictions.

CONTACT
WikiSoft Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
E-mail: [email protected]
Investor website: www.wikisoft.com

THE SOURCE: WikiSoft Corp.

See the source version on accesswire.com:
https://www.accesswire.com/700635/Wikisoft-Corp-Issues-Statement-About-Promotional-Activity-Concerning-Its-Common-Stock