KINETIC GROUP, INC. (OTC: KNIT)
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MIAMI, August 18, 2022 /PRNewswire/ — Kinetic Group, Inc. (OTC: KNIT), www.knitgrp.coma neutral provider of passive and active telecommunications infrastructure, today announced that it has entered into a formal agreement with International Monetary, www.intlmonetary.coma merchant bank based in Newport Beach, Californiawhich will help KNIT identify new business opportunities and strategic partnerships, as well as raise capital so that the company can continue to grow.
President of KNIT, Ana Maria Mendez said: “We are delighted to have signed an agreement with International Monetary and believe that this additional support will enable the company to achieve its stated objectives of expanding our shareholder base, raising the company’s profile in the market and to discover interesting opportunities for the future.”
The managing director of International Monetary, Mr. Blaine Riley added, “From the moment our team looked at KNIT’s capabilities, we immediately recognized the huge potential of this young company and wanted to be a part of what I hope will be one of the stories of emerging growth that we talk about the most. On the investor relations side, we will lead a series of initiatives aimed at increasing shareholder value and ensuring liquidity, and through our investment banking and strategic advisory arm, we will also advise the company on matters such as capital resources, structured finance, mergers and acquisitions, and will advise the company’s management on other strategic decisions”.
About Kinetic Group, Inc.: KNIT, a publicly traded company incorporated in the State of Nevadafocuses on the acquisition and management of telecommunications infrastructure in Latin America. The company is a passive and active wireless infrastructure provider with an absolute focus on compliance, operational efficiency, sustainability and ESG. The company leases, operates and builds tower/rooftop/unconventional infrastructure, fiber optic networks, DAS and telecommunications equipment for MNOs.
About International Monetary: Founded in 1997, IM recognized the need to provide investment banking services with the speed and accuracy required in the new internet and technology economy. IM focuses on turnaround situations and fast-growing small businesses, specializing in debt/equity financing for less $1 billion. IM is led by a team of managing directors who provide a number of strategic advisory services including: sourcing capital, M&A advisory, international licensing/marketing, product/service distribution, advertising and marketing , and shareholder enhancement services. To learn more about instant messaging, visit: www.intlmonetary.com
Safe Harbor Forward-Looking Statements:
This press release may contain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results and results to differ materially from those anticipated or expected, including statements relating the amount and timing of expected income related to our financial performance, expected income, distributions and future growth for the upcoming quarterly and annual periods. These risks and uncertainties are further defined in the Company’s filings and reports with the United States Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected or contemplated by forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the Company may not be able to maintain its growth or achieve profitability due to numerous factors, including, but not limited to, general stock market conditions. Reference is hereby made to the cautionary statements set forth in the Company’s most recent filings with the SEC. We have incurred and will continue to incur significant expenditures in expanding our existing and new service lines, and there can be no assurance that we will generate sufficient revenue to offset these costs in the short and long term. Additional service offerings may expose us to additional legal and regulatory costs and one or more unknown exposures based on the different geopolitical locations in which we will provide services, the impact of which cannot be predicted at this time.
KINETIC GROUP (OTC: KNIT)
SOURCE Kinetic Group