Motos America announces a new Ti

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SALT LAKE CITY, UT /ACCESSWIRE/ — July 20, 2022/ America Motorcycles Inc. (OTC PINK: MTAM) (the “Company”), a publicly traded motorcycle dealership group, today announced that its new ticker symbol MTAM and a 1:300 stock split for its common stock are now in force.

“The effectiveness of our new ticker symbol and reverse stock split marks an incredibly exciting day for Motos America,” said Vance Harrison, CEO of Motos America. “Both corporate actions aim to strengthen our brand image and better position the stock for a future stock market listing and an expansion of our shareholder base.”

Mr. Harrison continued, “Motos America is also making significant progress in other areas toward growing our business across the country. We expect to complete the acquisition of 3 dealerships in Florida in the coming weeks, which will should result in nearly doubling our sales on an annualized basis. Additionally, we recently announced that the company has been officially awarded an open point BMW motorcycle dealership that will be located in Roswell, GA, a suburb of Atlanta.

“As we continue to implement our growth and consolidation strategy to roll out luxury European brand motorcycle dealerships across the United States, we are encouraged by the growing interest from institutional and accredited investors. Motos America is in the process of launching a new Rule 506(c) securities offering, as previously announced, for the sale of stocks and convertible bonds. Proceeds from this offering will primarily be used to further develop our network of dealers.”

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful before registration or qualification. under the securities laws of that state or jurisdiction.

Corporate actions effective July 19, 2022

  • 1:300 Reverse Split of Common Voting Shares
  • A new CUSIP number for post-split shares: 94846P204
  • New stock symbol for MTAM – replacing temporary stock symbol WECT-D

About Motos America

America Motorcycles Inc. (OTC: WECT-D – (pending symbol change to MTAM)) is a European premium motorcycle dealer consolidation company. In November 2021, the company changed its name from “Weconnect Tech International, Inc.” to “Motorcycles America Inc.” When it changed its name, the company adopted a new business model. Motos America buys and operates powersports dealerships, with a focus on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles and Ducati Motorcycles. The company believes the motorcycle dealership industry is ripe for consolidation, similar to what has happened in the automotive industry. Motos America believes that consolidation in this niche will bring the same benefits of scale associated with automotive dealer group consolidations. Namely, better operating results through professional management, branding and marketing opportunities, and volume purchasing.

For more information please contact:

America Motorcycles Inc.
Jordan Darrow, Investor Relations
[email protected]
(512) 551-9296

This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties, including, but not limited to, statements regarding our business strategy, future earnings, and expected costs and expenses. . These forward-looking statements include, but are not limited to, statements that include the words “expects”, “anticipates”, “intends”, “believes” and similar language. Our actual results may differ materially from those projected in the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to any forward-looking statements or to reflect events or circumstances after the date of this document. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements.

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THE SOURCE: America Motorcycles Inc.

See the source version on accesswire.com:
https://www.accesswire.com/709166/Motos-America-Announces-New-Ticker-Symbol-and-Reverse-Stock-Split-is-Now-Effective

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