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BOCA RATON, Fla., April 23, 2021 (GLOBE NEWSWIRE) — Puget Technologies, Inc. (“Puget”; OTC PINK: PUGE), a Nevada corporation subject to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, announces that, because of the resurgence of the Covid 19 pandemic on the Island of Puerto Rico and related advisories on travel and gatherings, it has reluctantly decided to move the site of the annual meeting to Puget’s headquarters in Boca Raton (1200 North Federal Highway, Suite 200-A; Boca Raton, Florida 33432), subject to moving the event to a larger venue in that city if indications of participation warrant such a move. The meeting will also be accessible virtually from our website. Although the new date has yet to be determined, it is anticipated that the event will occur in the latter part of May in order to provide those interested in attending time to make travel arrangements. 

The change in location is in no manner indicative of a change in Puget’s interest in active engagement in and with the Commonwealth of Puerto Rico, where it finds the opportunities provided by the Puerto Rico Incentives Code Act (Act 60-2019) and of personal relationships with important Commonwealth business and civic leaders to be extremely attractive.  In fact, Puget has just retained the renowned management recruitment firm, Careers, Inc., with offices at 208 Avenida Ponce de León, Suite 1100, San Juan Puerto Rico 00918-1036, to assist in the recruitment of appropriate local personnel, who in collaboration with Puget’s current personnel based in the Republic of Colombia (it’s Chief Technologies Officer as well as the coordinating member of its Board of Advisors) will help Puget-related businesses penetrate Latin American markets from the company’s international operational headquarters in San Juan. 

Puget’s Chief Executive Officer, Hermann Burckhardt, CEO, explained, “We look forward to moving on our ambitious plans for a meaningful presence in the Commonwealth by year’s end and in our opinion, Careers, Inc., is the perfect organization to help us find and retain the best people available.  We expect to have additional details next week.  Additionally, we expect to have additional news next week, including information with respect to testing of apps in Puerto Rico designed by our Chief Technologies Officer, to facilitate and improve medical services and provide more efficient and reliable transportation systems in the region.”

For additional information, please contact Puget at 1-561-210-8535, by email at [email protected] or visit our website for continuing updates at https://pugettechnologies.com.

About Puget Technologies, Inc.
Puget Technologies, Inc. (pugettechnologies.com) aspires to evolve into an innovation-focused holding company operating through a group of subsidiaries and business units that work together to empower ground-breaking companies to reach their next stage of growth. With a strategy that combines acquisitions, strategic investment strategies, and operational support, Puget intends to provide a one-stop shop for growing companies who need access to both capital and growth resources, while enabling Puget and its stockholders to generate synergies and derive profit through pooled resources and shared goals. Puget’s current investment focus ranges from traditional industries like health care that are ripe for business model innovation to new markets that strive to solve big societal problems such as climate change. Publicly traded on the Pink Open Market under the ticker symbol “PUGE”, Puget is committed to delivering a competitive return to investors.

Forward-Looking Statements
 
Any statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “will” or, in each case, their negative, or other variations or comparable terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results to differ materially from those expressed in the forward-looking statements and projections. Puget undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If Puget does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements.

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