Las Vegas, Nevada, April 18, 2019 (GLOBE NEWSWIRE) -- Green Zebra International Corp. (the “Company”) (OTC: GZIC) a diversified wireless communications company for wireless IT, WiFi Blockchain security, and IoT technologies focused on smart cities, sports stadiums, airports and high technology sectors today released a corporate update for shareholders on the status of its Annual Report for the year ended December 31, 2018.
Corporate Update
The Company wishes to inform its shareholders that the Annual Report (the “Report”) for the fiscal year ended December 31, 2018 will be filed outside the extended filing timeline granted by the OTCMarkets (PINK). The Report is due at the end of the late filing extension granted under the filed Notice of Late Filing, no later than April 16, 2019. While the Company is working diligently on its consolidated reports for the fiscal years ended December 31, 2018 and 2017, including the consolidation of its recently acquired 51% controlled subsidiary, Green Zebra Media Corp., the process has been a more onerous undertaking than initially anticipated based on certain required valuations and accounting procedures. The Company and its management continue to work to file its Annual Report as quickly as possible, while continuing to move forward with its corporate initiatives.
CEO, Coleman Smith added, “I am disappointed we did not make Tuesdays deadline for a timely filing of our annual report for the years ended December 31, 2018 and 2017, however it is imperative the financial data presented is in accordance with US GAAP and the rules of the Securities and Exchange Commission so that we can move immediately to audit our filed reports with a view to filing a Registration Statement and up-listing to a more senior exchange as soon as practicable. We expect to file our reports as soon as they are complete and have retained a solid team of accounting and valuation consultants to assist us in this process”
Green Zebra Media Corp continues pushing forward with strategic partners, smart venue partnerships to accomplish our business plan initiatives for 2019. Doing things correctly now sets the stage for strong growth possibilities.
About Green Zebra International (GZIC)
An innovative wireless communications Technology Company whose subsidiaries provide Wireless Media Networks, IoT location based engagement technology and wifi monetization platforms to help Cities, and Venues expedite their smart technology infrastructure initiatives.
www.greenzebra.net | Track new product information and updates via the company’s Twitter feed @GreenZebra
Safe Harbor Statement
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company denies any responsibility to update any forward-looking statements.
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CONTACTS
CEO - Coleman Smith, Cole@greenzebra.net 949-522-5714
SOURCE: Green Zebra International Corp