CUMMING, GA / ACCESSWIRE / September 22, 2023 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a publicly-traded Web3 enterprise and digital asset innovator, today announced its ongoing discussions regarding the potential acquisition of strategic staffing industry assets in line with its Division 5 expansion and diversification initiatives.
This strategic move reflects Metavesco's commitment to pursuing growth opportunities that align with its broader vision for the future. While specific details are still being negotiated and cannot be disclosed at this time, the potential acquisition aims to bolster Metavesco's portfolio and revenue streams.
"I am excited to explore this potential opportunity, which is consistent with our strategic growth and diversification plans previously announced," said Ryan Schadel, CEO of Metavesco. "We must adapt and evolve in response to shifting market dynamics. Staffing is an industry I know very well and can provide excellent cash flow that can then be reinvested in our bitcoin mining and DeFi operations. This approach reflects my dedication to create value for our shareholders."
Further details about the potential acquisition will be shared as they become available, subject to confidentiality agreements and regulatory considerations. The Company expects the deal to be solidified, in whole or in part, within the next 10 business days.
Metavesco is a web3 enterprise and digital asset innovator. The Company generates revenue as a crypto liquidity provider via decentralized exchanges such as Uniswap, and the Company farms tokens via Proof of Stake protocols. The Company has bitcoin mining operations at hosted facilities in TX and KY. The company also invests in promising NFT projects and virtual land including OthersideMeta. Through its wholly owned subsidiary, the Company operates Boring Brew, a specialty coffee company utilizing owned and licensed NFT IP as unique packaging.
Safe Harbor Statement
This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov.
SOURCE: Metavesco, Inc.
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