4Cable TV International, Inc. (CATV) Facilitates Acquisition of Genetic Networks LLC by Fifty 1 Labs, Inc. (FITY), Announces Dividend for CATV Shareholders, and Sets Stage for Transformative Rever...
Company Eliminates $800,000 in Debt and additional 930 Million Dilutive Shares, to Strengthen Foundation for Future Growth with Entirely New Management Team
MIAMI, March 20, 2025 /PRNewswire/ -- 4Cable TV International, Inc. (OTC: CATV), a company poised for significant transformation, today announced a series of strategic milestones that position it for a blockbuster future. The company has successfully sold its Letter of Intent and played a pivotal role in negotiating the acquisition of Genetic Networks LLC by Fifty 1 Labs, Inc. (OTC: FITY). As a result of this transaction, Fifty 1 Labs, Inc. intends to issue a dividend to all CATV shareholders, providing value to investors who have supported 4Cable TV International through its evolution. The dividend will require processing and approval by FINRA and must undergo a formal execution process. Further details regarding the dates and timing of the FITY dividend will be shared in the near future as the process unfolds.
In conjunction with these developments, Michael Feldenkrais will resign from all positions with 4Cable TV International, Inc. However, Mr. Feldenkrais will remain as Interim CEO to oversee a seamless transition as a new company prepares to merge into 4Cable TV International, Inc. This merger will culminate in the submission of a new name and ticker symbol change, marking a fresh chapter for the organization. Upon finalization of the reverse merger, expected within the coming weeks, an entirely new management team will assume leadership of the company, bringing fresh expertise and vision to guide its next phase of growth. At that time, the company will also unveil the new team and provide a comprehensive overview of its strategic direction.
Adding to this momentum, 4Cable TV International, Inc. has eliminated an additional 930 million dilutive shares, a monumental step to protect investors and fortify the company's foundation. This follows the management team's decisive action on Tuesday, March 17, 2025, to eliminate 7.8 billion dilutive shares, bringing the total reduction to 8.7 billion shares in just days. These efforts underscore the company's commitment to enhancing shareholder value and establishing a robust platform for future growth.
Eliminated All Debt, Fortifies Balance Sheet in Pursuit of Blockbuster Reverse Merger
In a further demonstration of financial discipline, 4Cable TV International, Inc. has eliminated an additional $800,000 from its balance sheet, creating a clean slate as it pursues a transformative reverse merger. Full details of the debt elimination will be announced shortly, offering transparency to shareholders and potential partners alike. The company is actively engaged in advanced-stage negotiations with several promising candidates eager to explore a reverse merger opportunity. The elimination of all debt enhances these discussions, presenting potential partners with a pristine balance sheet and a streamlined structure primed for expansion.
Looking ahead, 4Cable TV International remains dedicated to selecting a merger partner that aligns with its vision for a dynamic rebrand. This will include a new company name and stock symbol, paired with the introduction of an entirely new management team tasked with driving profitability and innovation. In the next few weeks, upon finalization of the reverse merger, the company will announce the new leadership and provide a comprehensive overview of its strategic direction.
"This is a defining moment for 4Cable TV International, Inc. and its shareholders," said Michael Feldenkrais, Interim CEO. "By facilitating the acquisition of Genetic Networks LLC, paving the way for a dividend pending FINRA approval, eliminating all debt, and drastically reducing dilutive shares, we've laid the groundwork for a powerful future. I am committed to ensuring a smooth transition as we welcome a new company and a highly capable management team to take this organization to unprecedented heights."
About 4Cable TV International, Inc.
4Cable TV International, Inc. (OTC: CATV), is a company in the midst of a strategic transformation, focused on delivering value to shareholders while pursuing innovative growth opportunities. With all debt eliminated and a significantly reduced share structure, CATV is actively negotiating a reverse merger to redefine its identity and market presence, setting the stage for long-term success.
Contact:
Michael Feldenkrais
info@catvbt.com,+1 3055289614
Website: catvbt.com
Safe Harbor Statement:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, identifiable by words such as "will," "expects," "anticipates," "plans," and similar expressions, involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, but are not limited to, general economic conditions, competition, changes in negotiation outcomes, regulatory approvals such as FINRA processing for the dividend, and other factors beyond the company's control. 4Cable TV International, Inc. does not undertake any obligation to update these statements based on new information or future events.
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