JERUSALEM, Jan. 22, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- DARKSTAR VENTURES, INC. (OTC:DAVC) and Subsidiary Bengio Urban Renewal announces today that the Company is moving forward on preparation endeavors for the launch of projects under the Tama Classification in Israel.
The Company also announces that it was flagged by the OTC Markets Group (the "OTC") for “promotional activities” and labeled with Caveat Emptor. The Company has become aware of unauthorized, recent third-party promotional activities, which may have encouraged trading activity in the Company's stock. Neither the Company nor any of its affiliates solicited or paid for the third-party reports, and the Company has been in communication with the OTC regarding this matter. Management understands that this is a safety measure for the OTC to enact with intentions to protect the investing public.
Darkstar Ventures confirms it is fully compliant with its current reporting requirements. The Company also confirms it is not involved in any type of stock promotion activities outside of the normal course of business, and believes some of the statements made in the unauthorized, third-party promotional activities may be misleading to investors.
Bengio Urban Renewal, as recently announced, prepares for the first of several building projects that the Company has established. The first will be the demolition of a edifice consisting of 12 units, and the construction of 36 units in its place. This project represents an excellent opportunity for Bengio, whereas upon completion the Company can yield an outstanding rate of return, calculated to exceed 2 million dollars, earning full ownership of all additional property built above the original restructured building.
"We are resolute in building upon our Company’s business model. There is substantial interest in the opportunities at hand," said Mr. Avraham Bengio, Darkstar Ventures CEO. "Our goal is to build value in the Company through the development of properties and accumulation of real-estate assets, thus creating long-term tangible value for our shareholders."
All authorized information regarding the Company can be found in the reports it files with the Securities and Exchange Commission (the "SEC") and/or the press releases issued by the Company. The Company's filings and press releases are available to the public through OTCMarkets.com website.
Forward-Looking Statements: Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's success in obtaining new customers; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. The Company assumes no obligation to update the cautionary information in this release.
SOURCE DARKSTAR VENTURES, INC.
Contact: Mr. Avraham Bengio, Tel:972(0)73-2592084, bengio2010@gmail.com