Verus International Issues Update on zc Top Apparel Manufacturing
Retrieved on:
Thursday, October 8, 2020
Gaithersburg, MD, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (Verus or the Company) (OTCQB: VRUS) reported that it issued a Repayment and Notice of Rescission of Transaction (the Demand and Rescission Letter) to ZC Top Apparel Manufacturing, Inc. (TAM), as a result of TAMs failure of contractual performance and breach of contract.
Key Points:
- Gaithersburg, MD, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (Verus or the Company) (OTCQB: VRUS) reported that it issued a Repayment and Notice of Rescission of Transaction (the Demand and Rescission Letter) to ZC Top Apparel Manufacturing, Inc. (TAM), as a result of TAMs failure of contractual performance and breach of contract.
- Todays news is part of a heightened strategic effort to focus more aggressively on Verus core consumer product businesses.
- As part of this process, management intends to provide analysts and investors with a corporate strategic update by mid-October.
- Forward-looking statements also are affected by the risk factors described in the Companys filings with the U.S. Securities and Exchange Commission.