No Borders, Inc. (OTC:NBDR), today announced that it has cancelled its planned Annual Shareholder Meeting which was due to be held in Las Vegas on March 8th. Due to an abundance of caution for the health of staff and shareholders the Board of Directors of NBDR has decided to cancel the event.
The Company is currently working on a video conference method to replace the Las Vegas meeting and will be posting updates on the Company twitter/facebook accounts.
“While I am bummed to miss out on meeting and engaging with more of our amazing shareholders, we simply could not in good conscience ask our staff, advisors and investors to travel and congregate in person. Luckily we are a 100% remote work company and we will be scheduling a video conference version of our Annual Shareholder Meeting instead!” Says Joseph Snyder, CEO
Potential Business Impacts Due To Corona Virus;
The Company subsidiary MediDent Supplies has begun experiencing supply chain disruption to several of its lines and expects additional disruptions to continue for the immediate future. These disruptions may have a material negative impact on growth and revenue beginning in Q1.
Concurrently, as a purveyor of medical and dental equipment and supplies, MediDent Supplies has seen a spike in traffic and search related to PPE items (facemasks, gloves, clean suits) and medical cleaning supplies over the last 14 days. The MediDent Team is aggressively working with its US, Canadian and Mexican manufacturing partners to establish localized product sourcing as well as to expand the MediDent Supplies PPE offerings to meet demand. The impacts of these actions may have a positive material impact on growth and revenue as soon as Q2.
No Borders Naturals is proud to have its entire supply and manufacturing chain in the USA and currently has no disruption to the operations of the Company.
No Borders, Inc. COO Cynthia Tanabe stated, “There are very real challenges in dealing with supply chains from China and some other parts of the world today. While the current impacts are minimal we are working hard to ensure that our companies have the ability to fulfill demand. This means not only sourcing popular item variants but also reacting quickly to market and consumer demand for medical supplies.”
About No Borders Inc.
No Borders, Inc. (OTC:NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority and Intellectual Property ownership across its portfolio of assets. The Company’s portfolio of brands includes:
- No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets. (www.NoBordersNaturals.com)
- No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security and transparency (www.NoBordersLabs.com).
- www.CBDLabChain.com a powerful, Patent Pending tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate Of Authority (COA) on a blockchain technology platform.
- No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies (www.MediDentSupplies.com).
No Borders is headquartered in Arizona with resources in the U.S., South America, Asia and Europe. For more information, visit the Company’s website at www.NBDR.co.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chief Executive Officer and Director
18716 E. Old Beau Trail
Queen Creek, AZ 85142
Contact: [email protected]
Source: No Borders Inc. (NBDR)
OTC PINK: NBDR
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on No Borders, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to No Borders, Inc. ‘s anticipated new developments, business prospects, financial performance, strategies and similar matters. No Borders, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.