4Cable TV International, Inc. (OTC: CATV) (the “Company”)
Considering recent events, our Company is currently listed as Caveat Emptor. After speaking with a representative of OTC Markets Group, we have been informed that we will be designated as CE for 30 days, at which time we may apply for review of CE status. This CE was generated as a result of the posting of an affidavit used in the arrest for Dror Svorai wherein CATV was mentioned.
Our position on the investigation of Dror Svorai is that we know of no equity interest in the company by Dror Svorai, and we have not been advised that there is an investigation on CATV or current CEO Michael Feldenkrais by the underlying authorities.
CATV, by way of Counsel, is working diligently to clear up this matter as soon as possible.
CATV continues to operate normally, and business is as usual. We will continue to follow our reporting schedules to maintain full transparency with our shareholders.
Thank you for your support,
Michael Feldenkrais, CEO
About 4Cable TV International, Inc.
4Cable TV International, Inc. (OTC: CATV) is seeking to create and operate a fully integrated global CBD/hemp business, ranging from growing to retailing.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding 4Cable TV International’s business that are not historical facts are “forward-looking statements.” Examples of forward-looking statements include, among others, statements regarding the Company’s future business and prospects, strategic plans and strategic transactions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others: general economic and financial conditions; consumer demand for CBD/hemp products and services; volatility in the trading markets and the lack of liquidity in the Company’s common stock; the Company’s ability to successfully execute on its new CBD/hemp strategy; the Company’s limited operating history in the CBD/hemp business; the legal status of the Company’s CBD/hemp business; risks inherent in the CBD/hemp business; existing and new government regulations and changes in regulatory requirements; risks related to rules and regulations at the U.S. federal, state and municipal levels with respect to CBD/hemp; the Company’s ability to obtain financing or raise capital on favorable terms or at all in order to execute its business strategy; the Company’s ability to successfully identify and integrate acquired businesses; and risks associated with engaging in transactions with third parties, including related parties. For a discussion of additional general risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see CATV’s OTC Market filings. Any forward-looking statement made by in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.