American Video Teleconferencing Corp. Announces Termination of iB2BGlobal.com Agreement with Crown Equity Holdings, Inc.
- January 27th, 2020
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LAS VEGAS, NV / CRWE PRESS RELEASE / January 27, 2020 / American Video Teleconferencing Corp. ("the Company") (OTC PINK: AVOT), today announced its decision not to continue and complete the all-stock transaction involving the purchase of iB2BGlobal with Crown Equity Holdings, Inc.
Brian Colvin, Chief Executive Officer of American Video Teleconferencing Corp., said, "Since we are changing our strategy towards Real Estate Industry, we are pleased to have reached an agreement involving the return of iB2BGlobal.com to Crown Equity Holdings".
About American Video Teleconferencing Corp.
The company is changing its corporate strategy from an international e-commerce web portal to facilitate e-commerce between manufacturers, wholesale businesses and buyers to the real estate marketplace.
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Brian Colvin, President/CEO
SOURCE: American Video Teleconferencing Corp.
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