PHOENIX, Nov. 15, 2017 /PRNewswire/ -- Alpine 4 Technologies Ltd. (OTCQB: ALPP) was asked to discuss its recent volume and price increase represented in yesterday's trading activity.
As per our requirement with the OTCMarkets, Alpine 4 has been asked to identify and discuss with the public any stock promotion activities that may have occurred. On November 14, 2017, Alpine 4 was notified by OTCMarkets that several groups have circulated emails and provided other disclosures regarding Alpine 4 and its business structure. Alpine 4 does not approve or condone the use or disclosure by these groups of our information, nor have we engaged any of these groups to make such statements. None of Alpine 4's management or directors have been involved in the distribution of any such promotional disclosures to these groups.
Kent B. Wilson, Alpine 4's CEO, had this to say: "In the public sector, success can drive followers who want to tag along for the ride, and this appears to be the case with these groups."
A few facts for shareholders and investors to consider regarding this matter.
Alpine 4 did not engage the firms identified by the OTCMarkets for any investor relation or investor promotion services or other services.
Alpine 4 recently has engaged Red Chip Companies, Inc., to provide Investor Relations and Public Relations services in a paid format, which consisted of cash and restricted stock in Alpine 4. In connection with those services, on November 6th, 2017, Red Chip issued a fact sheet and informational video regarding Alpine 4 which can be found here: www.redchip.com/company/technology/ALPP/380/ALPP. It appears that certain of the groups providing the disclosures have copied the information from Red Chip's presentation, but Alpine 4 will not otherwise comment on the accuracy or completeness of any disclosures relating to Alpine 4 other than those provided by Red Chip or that are included in Alpine 4's public filings with the SEC.
Alpine 4 has not engaged or approved any group or public relations firm other than Red Chip for any dissemination of information on Alpine 4.
It is also important to note neither any member of Management nor any member of the Board of Directors of Alpine 4 have sold any shares of Alpine 4 since the inception of trading earlier this year.
On November 14, 2017, Alpine 4 filed its quarterly report for the quarter ended September 30, 2017, which includes information about Alpine 4, its results of operations to date, capital resources (including equity sales and convertible promissory notes), and management's analysis of the Company's business condition. Alpine 4 management recommends that anyone with questions about the Company or its business and operations should review the information in the Company's public filings with the SEC and the materials provided from time to time by Red Chip.
About Alpine 4 Technologies Ltd.
Alpine 4 is a publicly held enterprise with business-related endeavors in Automotive Technologies, Electronics Manufacturing, Software and Data Technologies.
Four principles at the core of our business are: Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we are able to aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but increase value for our shareholders.
Contact: Ian Kantrowitz, Director of Investor Relations
The information disclosed in this press release is made as of the date hereof and reflects Alpine 4's current assessment of its market position and the disclosures made about Alpine 4, including those which were brought to Alpine 4's attention. Any forward-looking statements in the press release above relate to management's assessment of the Company's market position as of the date of this release and are not guarantees of future performance, and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which any forward-looking statements in the release above are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
SOURCE Alpine 4 Technologies Ltd.