Protect Pharmaceutical Corp. (PRTT) Finalizes the Merger with KARINCA Logistics
PROTECT PHARMS CORP (PRTT)
NASDAQ:AMEX Investor Relations:
marketwired.com/press-release/protect-pharmaceuticals-corporation-changes-business-model-pinksheets-prtt-2222390.htm
Company Research
Source: GlobeNewswire
ANKARA, Turkey, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Protect Pharmaceutical Corp. (OTC: PRTT) ($PRTT) (“Company”) announces it completed the necessary documentation to finalize the merger with KARINCA Logistics - www.karincalogistics.com. PRTT’s Management believes that the KARINCA Logistics merger should add substantial value to the Company’s overall operations, and it brings a talent pool of professionals, dedicated to the successful integration of the combined business operations. KARINCA Logistics brings a large network of operations, many very valuable routes, and opens sales opportunities throughout Europe and Asia. To complete the merger, the Company issued 1,000,000 additional Preferred Shares, which have 100 to 1 common share voting rights but are not convertible to common shares. There was no common share dilution to complete the merger. Ozgur Ozcan, PRTT's CEO, stated, “with the merger complete we are focused on finalizing the PCAOB audit. The audit will allow the Company
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