Ultrack Systems, Inc.: Ultrack Systems Successfully Retires An Initial One Hundred Million Outstanding Common Shares
Concord, Ontario (Newsfile Corp. - February 2, 2021) - Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that the Company has successfully completed the process of retiring 100,000,000 shares that are currently issued and considered outstanding with our corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m.
Ultrack CEO Michael Marsbergen commented: These 100,000,000 common share reductions is in keeping with my commitment to shareholders to growing this Company and adding value wherever possible. Retiring 100 million shares from our current Outstanding Share count immediately increases shareholder value. At the current market price of about .07 per share for MJLB stock this retirement represents a $7,0
Ultrack Systems, Inc.: Ultrack Systems Secures Significant Debt Reduction
Concord, Ontario (Newsfile Corp. - January 14, 2021) - Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that the Company has secured a favorable debt reduction with the Company s key funder.
The Company also reached a decisive and favorable settlement with its key funder for a substantial debt reduction of $105,150.00. This was achieved by restructuring the debt in ways that will prevent any dilution through the issuance of Preferred Series A class of shares. The Preferred Series A shares has voting rights of two thousand five hundred (2,500) votes for every share held and the shares are Non-Convertible. This outstanding debt represents the vast majority of the corporate debt and the Company is thrilled to have achieved an approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021.
Ultrack Systems, Inc.: Ultrack Systems Looks Ahead to Q1 2021: Highlights New ELD Product Launch, USA Rollout, and More
Ultrack Systems Inc.
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ROLLOUT OF NEW ELD (Electronic Logging Device)
PRODUCT AND SERVICES:
Specifically, the Company is planning the rollout of its ELD in Q1. The ELD market is currently booming because of the vast number of growing commercial fleets coupled with new Canadian national mandate and requirements. Many countries including the USA and Canada have begun mandating hardware that connects to a vehicle s engine to record driving hours and other data. The ELD hardware is only as good as the software it pairs with and Ultrack provides the most robust software currently available in this growing industry. Especially important moving into 2021 is for ELD s to offer data that is specific to trucking industry and Ultrack is already there and ahead of the curve. Ultrack will be at the
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Concord, Ontario (Newsfile Corp. - December 16, 2020) - Ultrack Systems Inc. (OTC PINK: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that TELUS recently highlighted the newly consummated business partnership between TELUS and Ultrack Systems in online publications and other print media. Investors will have access to this aforementioned source material before week s end.
TELUS currently trades under the ticker symbol TU on the New York Stock Exchange and has a market capitalization of approximately $25 billion USD as of December 2020. TELUS company stock also trades on the Canadian TSX Exchange under the symbol T. The company was established in 1990 and is the second largest telecommunications provider in Canada and currently boasts over 12,000,000 monthly subscribers.