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Press Ventures, Inc.

US:PVEN
No current share price held for this company.

Past year: ▲ 0%(0.00c – 0.00c USD)

Market cap
—
Shares on issue
—
Story beats
12 since 2012
Last event
27 Dec 2013

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

27 Dec 2013listing compliance notice▼ BadMajor

Deregistered its common stock under Section 12(g), citing about 40 holders of record - going dark just four months after the BioSafety reverse-merger pivot and without ever naming a replacement auditor, suggesting the new venture stalled almost immediately.

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13 Dec 2013director officer appointment▼ BadMajor

Terminated Goldman Accounting Services CPA, PLLC as auditor on December 5, 2013 without naming a successor - Goldman had never actually delivered any audit report during its five-month engagement; the same day, Wilson Garduque (who had stayed on as a director after stepping down as an officer in August) resigned from the board entirely, leaving Edward Denkiewicz as sole officer and director.

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18 Sept 2013material agreement● NeutralMajor

Amended the BioSafety Technology License Agreement so BioSafety would get 6% of any future proceeds if the company ever sold the underlying patent outright - and explicitly disclosed that CEO Edward Denkiewicz is BioSafety's sole officer, director and owner, meaning the license itself is a related-party transaction.

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16 Sept 2013quarterly activities report▼ Bad

Press Ventures, Inc. reported a quarterly net loss of $27 thousand for the period ended 2013-07-31.

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5 Sept 2013securities registration● Neutral

Filed the Regulation D exemption notice for the same $250,000 convertible note financing.

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4 Sept 2013capital raising announcement▲ GoodMajor

Raised $250,000 via a 10%-interest convertible promissory note sold to a foreign institutional investor on August 29, 2013, convertible into shares at the lower of $0.25 or a 25% discount to the five-day average trading price - the first outside capital raised since the BioSafety pivot.

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29 Aug 2013securities registration● Neutral

Filed the Regulation D exemption notice covering the 170,000,000 shares (stated value $230,000) issued to BioSafety Systems Sp. z o.o. for the technology license - not a new cash raise, just the required notice for the equity-for-IP transaction.

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26 Aug 2013director interest notice● Neutral

Press Ventures, Inc. 10%+ owner Lynda Cambly disposed of 270,000,000 shares via option/appreciation-right settlement.

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26 Aug 2013substantial holder notice● Neutral

BioSafety Systems Sp. z o.o disclosed a new substantial Press Ventures, Inc. shareholding (53.97% of votes).

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26 Aug 2013substantial holder notice● Neutral

BioSafety Systems Sp. z o.o disclosed a new substantial Press Ventures, Inc. shareholding (53.97% of votes).

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23 Aug 2013asset acquisition disposition▲ GoodMajor

Completed a reverse-merger-style pivot: entered a Technology License Agreement with BioSafety Systems Sp. z o.o. (Poland) to sublicense US patent 7,300,624 (air-purification/biosafety technology) and related know-how, paying with 170,000,000 new shares (stated value $230,000, 53.97% of the post-transaction share count after a related share cancellation) plus a 6% royalty on net revenues - officially ending the company's shell-company status as of August 19, 2013.

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21 Aug 2013director interest notice● Neutral

BioSafety Systems Sp. z o.o. became a Press Ventures, Inc. 10%+ owner, reporting direct ownership of 170,000,000 shares received under the August 2013 Technology License Agreement (initial ownership filing).

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21 Aug 2013director interest notice● NeutralMajor

Disclosed that BioSafety Systems Sp. z o.o. - wholly owned by the company's own new CEO, Edward Denkiewicz - received 170,000,000 shares (held indirectly through Denkiewicz) in exchange for sublicensing air-purification/biosafety patent rights to Press Ventures.

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19 Aug 2013director interest notice● Neutral

Edward Denkiewicz became Press Ventures' President, CEO, CFO, Secretary and Treasurer on August 13, 2013 under a $2,000/month consulting agreement plus a $5,000 signing bonus, with no shares beneficially owned yet at the time of this filing - the reverse-merger takeover about to unfold.

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19 Aug 2013director officer appointment● NeutralMajor

Wilson A. Garduque resigned as President/CEO/Secretary/Treasurer and Edward Denkiewicz took over all four roles under a new Management Consulting Agreement ($2,000/month plus a $5,000 signing bonus), six days before the BioSafety technology-license deal that would make Denkiewicz's own company the controlling shareholder.

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17 July 2013quarterly activities report▼ Bad

Reported a $4,525 net loss for the quarter ended April 30, 2013 (six-month loss $7,025, cumulative since-inception loss $76,765); shares outstanding restated to 415,000,000 to reflect the May 2013 50-for-1 forward split.

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5 July 2013auditor change● Neutral

LBB & Associates Ltd., LLP resigned as auditor (no adverse opinion beyond the standing going-concern qualification) and was immediately replaced by Goldman Accounting Services CPA, PLLC.

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3 May 2013bylaws amendment● NeutralMajor

Amended its Articles of Incorporation to increase authorized shares fifty-fold to 5,000,000,000 and immediately executed a 50-for-1 forward stock split, taking shares outstanding from 8,300,000 to 415,000,000 - a capital-structure overhaul typically done to prepare a shell for a reverse-merger share issuance.

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25 Apr 2013director interest notice● Neutral

Wilson A. Garduque became a Press Ventures, Inc. Pres, CEO, Sec. & Treasurer and company insider (initial ownership filing).

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22 Apr 2013director officer appointment● Neutral

Lynda Cambly resigned as President/CEO/Secretary/Treasurer and sole director after roughly ten months in charge; Wilson A. Garduque was appointed to all four roles the same day (April 17, 2013), with no compensation arrangement disclosed - the shell's second change of leadership in under a year.

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22 Mar 2013quarterly activities report▼ Bad

Press Ventures, Inc. reported a quarterly net loss of $3 thousand for the period ended 2013-01-31.

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14 Mar 2013late filing notice▼ Bad

Press Ventures, Inc. notified the SEC that its quarterly report would be filed late.

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14 Feb 2013annual report▼ Bad

Second annual report as an exploration-stage shell (fiscal year ended October 31, 2012): accumulated deficit widened to $69,740 since incorporation, still holding just the single staked Omineca claim with no known mineralization and still under a going-concern qualification.

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29 Jan 2013late filing notice▼ Bad

Press Ventures, Inc. notified the SEC that its annual report would be filed late.

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7 Sept 2012quarterly activities report▼ Bad

Press Ventures, Inc. reported a quarterly net loss of $2 thousand for the period ended 2012-07-31.

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13 Aug 2012director interest notice● NeutralMajor

President/CEO/Secretary-Treasurer Caroline Johnston sold her entire 5,500,000-share founder stake (66.27% of the company) to Lynda Cambly for a nominal $10 aggregate price plus other unspecified consideration, resigning all her officer and director roles in the same transaction - the company's first change of control.

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13 Aug 2012director interest notice● Neutral

Lynda Cambly became a Press Ventures, Inc. President, CEO, Secy/Treas and company insider (initial ownership filing).

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1 Aug 2012director officer appointment● NeutralMajor

Confirmed the same change of control: Lynda Cambly's purchase of Caroline Johnston's 5,500,000-share (66.27%) stake closed June 18, 2012, with Johnston resigning as director/President/CEO/Secretary-Treasurer and Cambly taking over all four roles.

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1 Aug 2012business combination● NeutralMajor

Filed the mandatory 10-day advance notice disclosing that Lynda Cambly had bought founder Caroline Johnston's entire 66.27% stake (5,500,000 shares) on June 18, 2012 under a Stock Purchase Agreement and would take over the board - a full change of control of the still-dormant shell.

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7 June 2012quarterly activities report▼ Bad

Press Ventures, Inc. reported a quarterly net loss of $11 thousand for the period ended 2012-04-30.

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