Corporate priorities for
- Identifying and prioritizing revenue-producing business opportunities and expansions that would be expected to drive growth and success. With a focus on cash flow management and EBIDTA, we will carefully evaluate potential opportunities and select those that align with our long-term objectives and provide the greatest potential for success. This may involve expanding into new markets, launching new products or services, or acquiring complementary businesses.
- Developing a strategy for efficiently acquiring capital for long-term growth. This may involve seeking out partnerships, seeking investments or utilizing debt financing. By increasing our access to efficient capital, we will be better positioned to scale our business, particularly Forever 8.
- Launching new software as a service (SaaS) products and services that drive revenue and profitability. By offering features from the Forever 8 platform as a service, as well as leveraging our existing infrastructure to launch new products and platforms, we believe we can create significant value for our customers and grow our profit margins.
- Identifying and evaluating potential acquisition targets to help us expand our existing business and launch new products and services. We believe that strategic acquisitions can be a powerful tool for driving growth and creating value and we are open to exploring opportunities that align with our long-term objectives and provide potential for success.
- Continuously monitoring market conditions and refining our strategy as needed to ensure that we remain competitive and well-positioned for growth. We are committed to staying nimble and responsive to new opportunities and challenges.
CEO
About
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the potential that the expected benefits of Cryptyde’s acquisition of Forever 8 are not achieved; Cryptyde’s inability to successfully achieve its 2023 corporate priorities; achievement of the expected benefits of Cryptyde’s spin-off from Vinco Ventures, Inc.; tax treatment of the spin-off; market and other conditions; the risks that the ongoing COVID-19 pandemic may disrupt Cryptyde’s business more severely than it has to date or more severely than anticipated; unexpected costs, charges or expenses that reduce Cryptyde’s capital resources; Cryptyde’s inability to raise adequate capital to fund its business; Cryptyde’s inability to innovate and attract users for Cryptyde’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Cryptyde’s and Forever 8’s actual results to differ from those contained in the forward-looking statements, see Cryptyde’s filings with the
For further information, please contact:
Investor Relations
617-819-1289
investors@cryptyde.com
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