BlockchainApplied Blockchain,Completes Name Change

PRNewswire PRNewswireJune 21, 20213 min

Started Process of Submitting Listing Application to OTCQB Venture Market; Aims to Uplist to National Exchange Later This Year

Engages Audit Firm

Applied Blockchain, Inc. (“Applied Blockchain” or the “Company”) (PINK: APLD), today announced the completion of its corporate name change from Applied Science Products, Inc. effective June 16, 2021 and began the process of submitting its initial application to OTC Markets Group to uplist its common stock from the OTC Pink Market to the OTCQB Venture Market. The Company’s trading symbol will remain “APLD.”

In addition, the Company also announced that it has engaged a PCAOB certified national accounting and advisory services firm to provide audit services related to the Company’s financial statements for the fiscal years ended May 31, 2020 and 2021.

“Establishing trading on the OTCQB will increase our visibility within the investment community, improve liquidity in our stock and provide us with increased opportunities to showcase our accomplishments to a broader audience,” said Applied Blockchain, Inc.’s CEO and Chairman Wes Cummins. “Companies that trade on the OTCQB must meet high standards for financial disclosure, compliance with securities laws and corporate governance. We are committed to meeting those standards and providing transparency for shareholders and potential investors. This is a crucial step for our company as we move forward with our growth agenda and ultimately pursue a listing on a major exchange later this year.”

Find the latest video message from CEO and Chairman Wes Cummins at https://appliedblockchaininc.com/events-presentations/

Follow us on Twitter at @APLDBlockchain.

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