JZZ Technologies was flagged by OTC Markets for unauthorized promotional activity the company did not authorize or engage in.
Calverton, New York – April 23, 2020 – On Monday, April 20, 2020 JZZ Technologies, Inc. (the "Company")(OTC Pink: JZZI 2020), was flagged by OTC Markets for what OTC Markets referred to as unauthorized promotional activity. The Company has not engaged in any promotional activity within the past week.
This kind of flag can cause real concern among shareholders and prospective investors who may not immediately understand what is happening. A Caveat Emptor designation from OTC Markets often signals to the market that something requires closer scrutiny. In this case, that scrutiny falls entirely on third parties who operated without the Company's knowledge or consent.
JZZ Technologies was not responsible for such promotional activity, and any communications provided by any 3rd party should be disregarded. Additionally, the Company has confirmed with OTC Markets that the Company is not controlled by any person or entity engaged in a promotional activity that has been flagged by OTC Markets.
Unauthorized stock promotions are an ongoing issue in the OTC marketplace. Companies that trade over the counter are particularly vulnerable to this type of activity because independent promoters can distribute materials through newsletters, websites, and email campaigns without the knowledge or approval of the companies they claim to feature. These promotions can create misleading impressions about a company's prospects, inflate trading volume artificially, and ultimately harm ordinary investors who act on information that has no connection to the company itself.
The company immediately responded to the OTC Markets notification, issuing cease and desist notices to each of OTC Tip Reporter, Secret Stock Promoter, and Market Caliber, the unauthorized sources of such information. These unauthorized promotional items were distributed via targeted newsletters and controlled websites.
When questioned on why JZZ Technologies had been flagged, OTC Markets advised that "The organization has no control over when a Caveat Emptor is placed on a profile, nor does it mean that the company is responsible for such promotional activities." OTC Markets further advised that, in April alone, "8 other listed companies were flagged which was higher than normal."
That statistic is worth noting. When multiple companies are flagged in a single month, it suggests a broader pattern of unauthorized promotional campaigns operating across the OTC space. For companies like JZZ Technologies, the challenge is not just stopping the immediate activity but also managing the reputational impact that comes with a Caveat Emptor designation, even when the company bears no responsibility for the promotion that triggered it.
As JZZ Technology looks deeper into the matter and investigation done by OTC Markets, we will continue to provide information to our current and prospective investors.
Investors in the OTC market should always verify that promotional materials originate from the company itself or its authorized representatives. Unauthorized promotions often use aggressive language, promise outsized returns, or make claims that cannot be substantiated. These are clear warning signs that the information did not come through proper corporate channels and should be treated with extreme caution.
The Company conducts proper due diligence and exerts editorial control on all authorized third-party disclosures. If any person or entity becomes aware that any materials have been disseminated, without appropriate disclosure, claiming a relationship to JZZ Technologies, it should be reported to [email protected] immediately.
Swift reporting helps the Company take legal action more effectively and protects the broader investor community from being misled by unauthorized actors. JZZ Technologies takes this matter seriously and will pursue all available remedies against parties who distribute unauthorized promotional materials using the Company's name.
More details about JZZ Technologies, Inc. can be found at www.jzztechnologies.com
PR CONTACT Details:
Name: JZZ Technologies
Address: Calverton, New York
Organization: JZZ Technologies Inc.
Email: [email protected]
Phone: 1-917-473-1607
Website: http://www.jzztechnologies.com