GZ6G Technologies Corp. (OTCMarkets: GZIC) Shareholder Update
Corporate status and plans fiscal 2020 and 2021
Las Vegas, NV - (NewMediaWire) - November 19, 2020 - GZ6G Technologies Corp. (OTCMarkets: ) was established to acquire emerging 5G smart technology enabled companies with a demonstrated niche product offerings, established customers and leadership to drive scalable recurring revenue for growth.
“The Covid 19 pandemic has created an unavoidable operational delay and financial impact on a global scale for most businesses. Operating businesses and industry partners in our market space across the globe, have shifted their sales teams and core management to home offices in order to allow continued operations through this difficult time. This shift in operational format has allowed the Company to pause, pivot, and adjust to the circumstances so that we will be ready for a return to full scale operations in 2021.”
Mr. Smith further stated, “The impact Covid-19 has had on travel, cities, stadiums and universities’ hospitality worldwide has been much greater than initially anticipated. During this time, GZIC has managed to continue working with accountants, attorneys and our telecom strategic partners and clients to adjust to these new circumstances. We have planned and are preparing our rollout strategies for 2021 and beyond. In my opinion, there will be new opportunities and challenges ahead, and we will continue to pivot to meet market demand which means staying healthy, positive and focused on our future. Let’s hope and pray for a healthy and speedy recovery to us all as we move forward into 2021,” concluded Coleman Smith, CEO GZ6G Technologies Corp.
Our corporate mission remains unchanged: to become one of the nation’s leading providers of in venue security and marketing solutions powered by content and technology. The Company has developed and focused on specialization in the emerging 5G wireless, deep data analytics platforms and Artificial Intelligent machine learning solutions market that targets all types -- stadiums, airports, universities, cities and hospitality industries.
Our plans have been expanded to include acquisitions of complementary businesses that can allow us to achieve increased revenue goals on a shorter timeline, given the ongoing impact of the Covid-19 pandemic.
UP-Listing Update OTC:QB
The impact globally of the Covid-19 pandemic has pushed our initial up-list plans forward into 2021 due to uncertainty in global markets over the last several months. We are positioning the Company to capitalize on our immediate market opportunities, starting in 2021 and are hopeful to secure our listing on OTC:QB in the first quarter of 2021.
Green Zebra Media Corp.
Our operating subsidiary, Green Zebra Media Corp., a provider of wireless hardware gateways, communications, marketing and sponsorship, Data Analytics platform and CRM technology for stadiums, cities, airports and universities and hospitality markets, is focused on a return to our previously scheduled operations, prior to the onset of the Covid-19 pandemic. We expect to return staff from furlough and/or retain additional employees during the fourth quarter of fiscal 2020 to continue to work to fulfilling the terms of existing service contracts with various venues and facilities. The focus of Green Zebra will be those contracts which can most efficiently, and cost effectively bring additional revenue generating operations on board as venues and industries must adapt to the new 5-G environment.
Preparing for Emerging Market
Coleman Smith / CEO of GZ6G Technologies Corp stated, “By 2035, ABI Research (5G urban deployment: debunking the capex myth and unlocking new growth) predicts that the 5G market will generate 17 trillion in total economic value; even the government calls for nationalizing the USA market. 5G wireless and IOT software technology solutions will be the greatest opportunity since the birth of the internet. In my opinion, the 5G market is emerging and creating new industries and opportunities that require cities and venues to update their wireless infrastructure security, user engagement technologies and machine learning data analytics. The Covid-19 pandemic is expediting business awareness for various types of wireless and mobile IoT technologies.”
Mr. Smith further added, “It’s an excellent opportunity to enter the emerging early stage 5G market by acquiring small to medium wireless infrastructure and smart software technology companies to grow revenues while creating a family of companies that work together to meet demands for the 5G technology rollout.”
About GZ6G Technologies Corp.
GZ6G Technologies Corp. (OTC: ), a wireless Internet of Things (IoT) technology holdings company, is focused on acquiring, developing and overseeing innovative wireless IoT technology companies for the emerging 5G marketplace, including target markets such as Stadiums, Airports, Universities, and Smart City Projects.
Safe Harbor Statement
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company denies any responsibility to update any forward-looking statements.
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SOURCE: GZ6G Technology Corp. (formerly Green Zebra International Corp.)