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Wednesday, June 29, 2022

The Inside Scoop on Poverty Dignified Inc (OTCMKTS: PVDG)

Poverty Dignified Inc (OTCMKTS: PVDG) is up big after the Company announced a binding LOI to to acquire all the intellectual property and proprietary technology represented by the trade name Virexit, a licensing company specializing in the antimicrobial and antiviral sectors.

The stock initially started moving in the first week of June after James C. Katzaroff acquired a controlling interest in the Company and was announced as new CEO, and Chairman of the BOD. Mr. Katzaroff was also on the board and Managing Director at Smi Capital Markets LLC., which operates a US based Brokerage.

Poverty Dignified Inc (OTCMKTS: PVDG) bills itself as a renewable energy company, incubating microgrid solar technologies to establish electrification, education, connectivity and retail service infrastructures that meet the needs of poverty stricken communities across the globe. The company incubates business concepts, designed to solve essential problems and enhance the quality of life for millions of people, and intends to leverage its electrification, education, connectivity and media service infrastructures to become a significant rural electrification company.

By positioning itself at the heart of poverty stricken, bottom of the pyramid areas, with sustainable technologies that were intentionally designed to thrive in these harsh environments and become the very model of replication, the capacity now exists to champion the solutions necessary to empower the individual, community and local economy. Poverty Dignified, Inc. is at the forefront of a paradigm shift to eradicate poverty and bring dignity to a forgotten people, while making a profit at the same time.

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PVDG

PVDG took off in the first week of June after the Company announced a change of control and change in management. Effective June 1, 2020, Chairman of the Board and CEO Matthew Alpeter and CFO George Critz III have transferred voting control and elected James C. Katzaroff as CEO and as Chairman of the board of directors. Immediately thereafter, Mr. Alpeter and Mr. Critz resigned as CEO and CFO to concentrate on the operational success of Poverty Dignified’s wholly owned subsidiary, Sun Ovens International, Inc.

On June 26 PVDG announced the Company has executed a binding Letter of Intent (LOI) to acquire all the intellectual property and proprietary technology represented by the trade name Virexit, a licensing company specializing in the antimicrobial and antiviral sectors (“Virexit”). At the closing of the transaction, Virexit will be wholly owned by Poverty Dignified, Inc., which includes, but is not limited to, trademarks, URL domestic and international domains as well as major social media registrations.

James C. Katzaroff, CEO of Poverty Dignified, Inc., said, “Virexit is currently held within Gear Guru®, a sole proprietorship owned by global marketing wizard Patrick Netter.  Please see gearguru.com and virexit.com forfurther information on Mr. Netter. Together, we have had several discussions with potential international as well as domestic partners for branding, marketing, manufacturing and sales purposes.”

Patrick Netter stated, “Virexit Technologies has developed valuable intellectual property which is negotiating to partner with other companies. People quickly understand that Virexit implies where viruses exit.”

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Currently trading at a $1.2 million market valuation PVDG is an exciitng story developing in small caps; the stock has been steadily rising ever since the Company announced a binding LOI to to acquire all the intellectual property and proprietary technology represented by the trade name Virexit, a licensing company specializing in the antimicrobial and antiviral sectors. PVDG has been getting investors attention starting in the first week of June after James C. Katzaroff acquired a controlling interest in the Company and was announced as new CEO, and Chairman of the BOD. Mr. Katzaroff was also on the board and Managing Director at Smi Capital Markets LLC., which operates a significant US based Brokerage firm. We will be updating on PVDG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PVDG.

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Disclosure: we hold no position in PVDG either long or short and we have not been compensated for this article.

 

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