Dolat Ventures, Inc. (OTC Pink: DOLV) is engaged within the research, development and commercialization of electric cars and their components. Shares of the electric vehicle company are jumping 44.93%, through early trading on Monday, October 23, 2017. Over the past month, Dolat Ventures, Inc. has seen average daily volume of 4.8 million shares. However, volume of 16.11 million shares or dollar volume of $773,280, has already exchanged hands on the day.
Shares of Dolat Ventures, Inc. are rallying today, after the company announced that FINRA has approved its name and symbol change. On October 25, 2017, the changes will reflect the new name and symbol change: JB&ZJMY Holdings Company, Inc. and “JBZY.” Here is the full press release detailing of the new corporate name and symbol:
Dolat Ventures, Inc. Press Release:
NEW YORK, NY–(Market Wire October 23, 2017) DOLAT VENTURES, INC (OTC PINK: DOLV) announces recent corporate Developments.
The control of the Company was acquired by Mr. Wang DeQun on January 11, 2017 pursuant to an agreement that was entered into on December 2, 2016. On that date Mr. Wang acquired 300,000 shares of the Companys Class C Preferred Stock which is convertible into 750,000,000 shares of the Companys common stock and carries an equal number of votes.
On January 11, 2017, the filing date of the Companys Amendment to its Certificate of Incorporation authorizing the preferred stock, the Companys Board of Directors also authorized the acquisition all of the issued and outstanding shares of Ji Ming Yang Amperex Technology Limited (Ji Ming Yang), a Chinese corporation in exchange for one hundred thousand Class D Preferred Stock convertible into 100,000,000 shares of the Companys common stock which also carries an equal number of votes. The name change which was subject to a lengthy FINRA review l process allows the Company to reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol. This acquisition was closed on April 4, 2017 with the delivery of the Class D Preferred Stock to Mr. Wang DeQun.
On October 20, 2017 FINRA approved a change of the companys stock ticker to JBZY. Effective Wednesday October 24th, the change will be visible on the Daily List Announcement. The previous trading symbol was DOLV. The company will now be known as JB&JMY Holding Company and the new CUSIP is 466102100. The Market Effective Date will be October 25th 2017.
We thank our shareholders for their interest in the Company.
About Ji Ming Yang Amperex Technology Limited
Founded in March of 2015, see the Companys web site at http://zjmy888.com/index_en.html#page1 . Ji Ming Yang focuses on the development of batteries for New Energy Vehicles. The company possesses a number of patents seeking to enhance and extend battery life while also reducing operating costs. The Company seeks to commercialize solutions to the problems faced by all vehicle battery manufactures, such as shortage of battery life, expensive materials, and charging station issues.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management’s plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control.