Powerstorm Holdings Inc. (OTC:PSTO) Stock In Focus After Latest News
Powerstorm Holdings Inc. (OTC:PSTO) is a progressive company that targets Europe-based small and medium-sized enterprises (SMEs) with yearly revenues between 5 million and 12 million euros for acquisition.
Essentially, Powerstorm Holdings seeks to bring about growth through strategic acquisitions. On November 30, the company announced that it had demerged with the Dutch corporation Infinity Supply BV. The company noted in its news release that it had opted for the step as a way of realigning its portfolio.
Powerstorm Holdings also noted that the successful de-merger was also a major step in the company’s focus on refining its business further and unlocking value for shareholders. However, it was also noted that the de-merger had also involved an adjustment to the equity structure of Powerstorm Holdings.
The move had been made so as to boost the core competencies of the company as a whole while also leveraging its acquisitions. The company’s Chief Executive Officer, Ana-Maria Pruteanu, noted that the decision had been made so that Powerstorm Holdings could concentrate on more profitable and sustainable businesses in the organization.
On the same day, the company also announced that it had demerged with the Colorado, United States-based corporation Northern Lights Impact Inc. The reasons provided by the company with regards to the de-merger were the same as the ones that it had provided for the de-merger with Infinity Supply BV. The company also noted that the de-merger had also been conducted in accordance with OTC market compliance and corporate governance standards.
Powerstorm Holdings noted that compliance with those standards would also ensure the growth and sustainability of the company over the long term. Ann-Maria Pruteanu stated that the strategic moves from the company would help it divert resources towards those areas that aligned with its long-term aims as a company.
