Naples Soap Company Upgrades to OTCQB
NAPLES, Fla.--(BUSINESS WIRE)-- Naples Soap Company, Inc. (OTCQB: NASO), a pioneering health and wellness brand, today announced that the Company's shares of common stock were upgraded to the OTCQB Venture Market on May 22, 2025. The Company's common stock symbol, 'NASO,' will remain unchanged.
The OTCQB Venture Market serves entrepreneurial and early-stage U.S. and international companies. To be listed, companies must maintain current financial reporting standards and complete an annual verification and management certification process. Investors can access real-time quotes and market data at www.otcmarkets.com.
Deanna Wallin, Founder and CEO of Naples Soap Company, stated, 'Our uplisting to the OTCQB Venture Market marks a key advancement in our capital markets strategy and underscores our commitment to strong corporate governance and financial transparency. We expect this move to significantly increase NASO's visibility among investors, enhance liquidity, and support broader access to growth capital. Following the successful execution of our strategic turnaround and financial restructuring, we believe we are well-positioned for scalable growth and long-term value creation in the evolving retail landscape.'
About Naples Soap Company, Inc.
Founded in 2009, Naples Soap Company is a supplier of over 600 bath, body and personal care products. Products are sold at the Company's 13 retail locations in Florida, online at www.naplessoap.com, and in more than 300 stores throughout the United States via the Company's wholesale division. Visit www.naplessoap.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements verbally or in writing. We base these statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections, business prospects and opportunities. You can identify forward-looking statements by those statements that use terminology such as 'may,' 'should,' 'expect,' 'anticipate,' 'contemplate,' 'estimate,' 'believe,' 'plan,' 'projected,' 'predict,' 'potential,' or 'hope' or the negative of these or similar terms. This document specifically contains forward-looking statements regarding the ultimate impact(s), if any, of our strategic initiatives, including whether our initiatives will ultimately result in increased visibility, enhanced liquidity, greater access to capital, scalable growth, and enhanced shareholder value. In evaluating these statements, you should consider various factors, including: our ability to keep pace with new technology and changing market needs; our ability to finance our intended development; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. We are not obligated to publicly update or revise any forward-looking statement except as required by law.
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