TORONTO, Dec. 20, 2017 /PRNewswire/ -- The purpose of the press release is to answer some of the most common questions ANDI (OTC PK: ANDI) / Utopya shareholders have been asking:
Q: What is the current outstanding share number?
Q: Will you take on toxic debt?
A: No toxic debt will be excepted PERIOD.
Q: What has been done with old debts?
A: We are negotiating those and they will be settled without diluting the stock.
Q: Will the company do a reverse split?
A: We do not feel that is necessary and with our projections we feel we can see the price per share reflect our value.
Q: Is the name and ticker being changed?
A: Yes, around February 1st because filing for a new CIK could temporarily halt trading and we want to give the shareholders plenty of notice.
Q: Tell me about manufacturing.
A: This is a complex answer but what I can say is that our manufacturing company has been fully vetted and is prepared to scale according to the company's needs.
Q: When will you have the first phone ready?
A: Two-part answer: we expect the phones to be available for purchase through retail channels in mid-late 2018; the first units are currently being tested/vetted.
Q: What will Darryl Green's investment be and what's his involvement?
A: Firstly, we're incredibly excited to have Darryl sharing his expertise with the team. Second, his investment was a private equity transaction and because it was prior to our merger with Andiamo we have chosen to keep this in house for now. Third, Mr. Green has agreed to assist in any way he can but his role is as an advisor.
Q: Does Utopya have a booth at CES?
A: No, each team member has a Vendor Pass and we will be doing private meetings while mixing and mingling with the world's top technology companies.
A closing quote from Mr. Starkweather: "This is an exciting time for the company, and we are overwhelmed and truly thankful for the support. The future is bright and we're thrilled to be able to include shareholders on our journey. On a personal note, I feel blessed to be involved, and can't wait for what comes next. Utopya is all about creating a better world, and something tells me that we're well on our way to doing so."
Contact: Michael Starkweather, email@example.com
SOURCE Utopya Innovations Inc.; Andiamo Corporation