BRK, Inc. Returns 185,842,723 Common Shares Back to Treasury
HENDERSON, Nevada, Feb. 19, 2019 /PRNewswire/ -- BRK, Inc. (OTC PINK: BRKK) is pleased to announce the final transaction numbers for the completed 3a10 with Continuation Capital are as follows:
Total debt and payables retired $169,631.28
Total shares reserved for transaction 300,000,000
Total shares issued for transaction 114,157,277
Total Shares returned to treasury 185,842,723
BRK announces the completion of the 3a10 with Continuation Capital, which has permitted management to pay off a mix of notes and professional service invoices. Daniel Serruya, President, CEO of BRK, Inc. commented, "this transaction allowed management to kick off its efforts toward restructuring the company. Next steps include removing larger creditors form the balance sheet while moving our technology forward and creating a number of new, profitable applications."
BRK's legal team is anticipating being able to file its declaration of damages against iSee Automation Inc. with the courts later this week. A further announcement will be made once the damages have been approved. BRK's Intellectual Property is the cornerstone of its shareholder's value and will be defended over all distribution channels.
About BRK, Inc.
BRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkincorporated.com does not constitute a part of this release.
Contact:
(702)-572-8050
shareholder@brkincorporated.com
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SOURCE BRK, Inc.
