Jetblack Corp. (OTC: JTBK) is pleased to announce they have executed on a definitive agreement to acquire a thirty percent (30%) equity stake in Intrinsic Methods LLC, in exchange for 60 million shares of restricted JTBK common stock, which will be issued in 4 staggered amounts, 15 million restricted common stock shares every 12 months for a total of 60 million restricted shares. Agreement also stipulates no more than 15 million shares may be sold in a 12 month period. The CEO of Jetblack has agreed to cancel 15 million shares every 12 months of his personal holdings to coincide with issuances, for a total of 60 million restricted JTBK common stock shares. Which will result in no change to the outstanding share count.
Intrinsic Methods goal is to be the gold standard of voluntary carbon credits. With its exclusive partnership with patented tree growing technology provider RootMaker®️ and its certified growers, along with its proprietary offset platform built on Ripple’s XRP Ledger, and finally with direct access to reforestation projects, Intrinsic Methods has set the groundwork to be a leader in nature based offsets.
About
Jetblack Corp. seeks strategic partnerships, investments, and minority interests in high growth businesses to increase assets and shareholder value. Jetblack is an incubator and innovator seeking to commercialize great ideas.
Disclaimer:
This press release should not in any way be misunderstood as an offer to sell securities or solicitation to sell securities. This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions, and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's and management control which could, and likely will materially affect actual results, levels of activity, performance or achievements. Investors should be cautioned that nine out of ten start-ups and small businesses fail. If the company cannot achieve financing, then it may not be able to follow through with its business plan. This may lead to an investor losing part or their entire investment. Investors may have trouble locating a broker-dealer to trade their stock. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The loss of key employees would be detrimental to the company's success and may cause failure. Currently, the company is considered a penny stock, the spreads can be very far apart, sometimes illiquid, and investors may not be able to sell when they want or for the price they paid. In some circumstances, the investor may lose all their investment. This press release is not an offer to sell securities. This press release should not be interpreted or misunderstood as an offer or solicitation to sell securities. Investors should also be cautioned that Covid-19, viruses, pandemics, diseases, also present serious challenges for business operations. Investors should note, these uncontrollable circumstances could potentially lead an investor to lose their entire investment quickly.