LAS VEGAS, March 06, 2018 (GLOBE NEWSWIRE) -- - via OTC PR WIRE-- Adama Technologies Corp. (OTCPINK:ADAC) offered a market update today regarding their listing status with OTC Markets as the company is seeking to uplist from the OTCPink to the OTCQB tier of OTC Markets.  The Company has provided OTC Markets with updated information on the company’s directors and officers and stated that they meet all of the requirements to be eligible for OTCQB. The OTCQB Index is designed as a benchmark for tracking the overall performance of the OTCQB marketplace and serves primarily as a performance benchmark for investors in OTCQB securities. The index highlights entrepreneurial and development stage U.S. and international companies that have been verified to trade on OTCQB.

OTC Markets lists a whole host of benefits for companies and investors in companies that are listed on OTCQB. Those benefits include:

  • Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
  • Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
  • Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
  • Greater information availability for investors through the OTC Disclosure & News Service
  • Transparent prices for investors through full-depth of book with Real Time Level 2 quotes

Harold Tanner, President of Adama Technologies, stated, "We are really excited to offer our investors the benefits associated with being invested in an OTCQB company.  We will be greatly honored to carry that badge and we are very excited about applying for this tier and status.  Our commitment is to run a company that is a great value for investors and operates with the highest levels of integrity and transparency and that is what being a part of OTCQB means to our management, board and staff."

The Company has continued to be focused on growing its current revenue streams within Alpine Industries, a government defense contractor, as well creating new revenue streams through the development of the Company’s new, online retail outlet, CRYX, as well as utilizing the Company’s technology platforms to create additional verticals and revenue centers for the Company. 

About Adama Technologies Military Defense Operations

Adama Technologies completed the acquisition of Alpine Industries in November of 2016. Alpine Industries is a precision machining and aerospace manufacturing company. Since its inception in 1974, Alpine has manufactured several hundred aerospace landing gear components and other spare parts.  Alpine continues to work as a US government contractor and currently holds over 15 US Military contracts with the majority of them with the US Air Force. Presently, Alpine manufactures such items as M1 Mine Clearing Blades, hypo-chlorination units, tow bridles, 60 ton jacks for the C5A, AIM-9 missile body trainers, numerous bolts and screws, drag links for the F-16 fighter planes, and many other landing gear parts.  In addition to the US military, Alpine also manufactures parts for several private companies including parts for drilling components used in oil and water wells, roller-coasters, motorcycles, zip line parts, crash pads, and drilling carts.  

Contact Information:
Address:
1000 N. Green Valley
Suite 380
Henderson, NV  89074
Phone: (866) 859-8697
Website: www.AdamaTechnologies.com 

Disclaimer 
This release contains forward-looking statements that are based on beliefs of Adama Technologies Corp. management and reflect Adama Technologies Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Adama Technologies Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Adama Technologies Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Adama Technologies Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.

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