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NEW YORK, NY, March 05, 2018 (GLOBE NEWSWIRE) —
Metrospaces, Inc. (OTC: MSPC) cancels 1.6 billion common shares held by management. Mr. Silva, Metrospaces CEO, stated: “On Friday, March 2, 2018 Metrospaces held a board meeting that resolved the cancelation of 1.6 billion of common stock previously held by CEO, Daniel Silva, and CFO, Oscar Brito. This will bring our total issued and outstanding shares down from 5,389,941,887 outstanding as of February 22, 2018 to a total of 3,789,941,887. Additionally, the board decided to promote Mr. Oscar Brito to the position of President and interim CFO, effective immediately. As of January 15, 2018 Mr. Brito has been permanently living in City of New York to be more focused on the expansion of M&A and investment activity in operating companies with real estate or infrastructure components such as Etelix. I will continue to head our pure real estate projects in Mendoza, Argentina as well as other real estate projects we are strongly pursuing in the US. Mr. Brito’s background in M&A and investment in operating companies is recognized and it is our opinion that bringing his focus to this area of the company will benefit shareholders in the mid and long-term. Mr. Brito will continue to be the CFO, until a proper candidate that can better focus on this activity can replace him. As part of this new focus, the company has incorporated Cann Partners, Inc. (a Colorado corporation), as a wholly-owned subsidiary. This company will seek to make acquisitions and investments in legal medical cannabis-related companies and ventures, in particular on the real estate part of the industry. We are to clearly state, that as of yet, the Company has not realized any acquisitions or investments in the cannabis industry.”
About Metrospaces
Metrospaces (www.metrospaces.net) is a publicly traded real estate investment and development company which invests in real estate projects and operating companies with a strong real estate component. It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami, and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide and have funded projects both in the America’s and across Europe valued in excess of US $550Million.
Metrospaces’ majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, Ilal del Mar (Playa del Carmen, now part of the Viceroy Chain of Hotels) and is currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents, and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
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Safe Harbor Statement:
Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Company Contact:Tel: 305-600-0407 Investor Relations: investors@metrospaces.net
