FORT LAUDERDALE, Fla., July 19, 2024 (GLOBE NEWSWIRE) --
ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”)
today announced the commencement of trading of company shares on the OTC Venture Market (“OTCQB”) under the symbol ZEFIF. The U.S.-based marketplace is operated by the OTC Markets Group and provides listed companies access to a U.S. investor base, including U.S. institutional investors, as well as additional pathways to increased liquidity and potential high-quality analyst coverage. Investors can find updated quotes and other market data for Zefiro directly on
https://www.otcmarkets.com/
.
In April 2024, Zefiro completed its Initial Public Offering (“IPO”) on the Cboe Canada, Inc. exchange under the symbol “ZEFI”. Subsequently, Zefiro launched its Frankfurt Stock Exchange (“FSE”) listing under the symbol “Y6B” on May 6, 2024 .
Last week, Benzinga , a leading financial services sector-focused media outlet, published an article regarding Zefiro’s commercial journey and its recent initiatives. Specifically, the magnitude of the methane leak crisis in the U.S. is highlighted, as well as Zefiro’s ongoing initiatives to remediate scores of these potentially harmful sites and originate a vast carbon credit portfolio (portions of which have been pre-sold to Mercuria Energy America LLC and EDF Trading , respectively) from these in-house methane abatement operations.
The Benzinga article can be accessed through the following link: https://www.benzinga.com/partner/markets/24/07/39709687/inside-zefiros-plan-to-transform-americas-methane-menace-into-eco-friendly-profits
Shortly before Zefiro’s OTCQB listing, a Benzinga article was published profiling the Company and its early-stage success with environmental remediation projects in the United States.
Readers using news aggregation services may be unable to view the media above. Please access SEDAR+ or the Investors section of the Company’s website for a version of this press release containing all published media.
“Zefiro’s third public listing in under three months is a testament to our ability to expand critical field operations, generate high-quality carbon offsets, and deliver integrated solutions,” said Talal Debs, Founder and Chief Executive Officer, Zefiro Methane Corp. “Our expert team’s dedication has helped solidify Zefiro’s hard-earned position as an environmental services market leader, and I am confident that our innovative approach to addressing one of the country’s most pressing public health issues will allow the Company to continue forging new partnerships and scaling our commercial footprint in key markets across the United States.”
Reporters/Media: For any questions or to arrange an interview with Dr. Debs, please contact Rich Myers of Profile Advisors (New York City) by email at media@zefiromethane.com or by telephone at +1 (347) 774-1125.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/ .
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/98b6df84-9cbd-4c7e-ad7a-48d3e24812c6
