DENVER, October 17, 2018 (Newswire.com) - Advanced Bio-Oil Technologies Limited (ABOT) is providing the various industries a platform to produce bio-oil at-will using any supply of biodegradable carbon molecule. Whether it would be for the biodiesel industry, the cosmetic or pharmaceutical, this process is producing more and better bio-oils. ABOT is pleased to announce, on this day when Canada has legalized cannabis, that its platform for producing high-grade Medical Bio-Oil will range from skincare products formulated to help improve the appearance of scars, stretch marks and uneven skin tone to numerous medical uses of CBD (cannabidiol) bio-oils. Our products that will contain CBD bio-oils will not be marketed in the United States for the present time until the laws change at a federal level but ABOT will be seeking licenses in Canada and abroad.
ABOT continues to navigate the new Regulation A+ IPO path to market. This new type of initial public offering is an alternative to a traditional IPO, which makes it easier for smaller, early-stage companies like ABOT to raise up to $25 million in investment capital from the public, not just accredited investors. It’s a crowdfunding alternative where early investors become actual shareholders.
Regulation A+ paves the way for new companies to go to market, with fewer requirements and regulations than a traditional IPO process. This is of concern to some regulators who worry that inexperienced investors may not fully understand what they are getting into. Transparency helps address this. ABOT urges potential investors to review our filings with the SEC (linked below) to see our solid business proposal and to follow the progress of the company as we navigate to our IPO.
ABOT as a company has certainly matured during this journey. In the following months, ABOT will be issuing more press releases of significant milestones which have shaped our vision.
We are a Wyoming start-up alternative Bio-Oil business corporation with an office, initially, in Denver, Colorado. Our product is known as “Bio-Oil.” The trade name of our bio-oil product is “ABOT-inside.” We have a License Agreement in place with a Canadian company, Lux Biologics Limited (“Lux Bio”).
- 2016-07-27 – New start-up Advanced Bio-Oil Technologies Limited Inc. created, corporate website launched – www.ab-ot.com
- 2017-09-18 – Advanced Bio-Oil Technologies Limited offering circular is qualified by the SEC for Reg A+. Initial share price fixed at 0.50 cents with 50 million shares of Class A common stock available.
Regulation A+ has provided a fantastic opportunity to drive growth for small businesses. At Advanced Bio-Oil Technologies Limited, our priority is to ensure that we partner with the SEC as well as our agents, attorneys and other professionals to responsibly complete this process as intended. Compliance is key to ensuring the door of opportunity remains open for others to follow.
A note on compliance – Mireille Samson, CEO, Advanced Bio-Oil Technologies Limited:
"Compliance is key for going public. The process of companies going public under Regulation A+ is very new, which is why people are just starting to hear about it now. Not only do we have to run and promote our company, but we need to work very closely with the SEC to ensure we abide by all regulations that are covered by compliance rules. There are no shortcuts to going public - we have to work through the process to qualify. We are committed to deliver for them, and I know they are just as excited as we are to hit the markets and see a great return for their investment as we grow our business and make this IPO a reality.”
For more information, visit http://www.ab-ot.com.
Certain statements in this press release including, but not limited to, statements related to anticipate commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more details in the Company's periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this press release. Advanced Bio-Oil Technologies Limited Inc. assumes no obligation to update the information in this press release.
Mireille Samson CEO
Advanced Bio-Oil Technologies Limited
999 18th Street, Suite 3000, Denver, CO 80202.
Tel: (720) 262-5245
Source: Advanced Bio-Oil Technologies Limited