PALO ALTO, Calif., March 14, 2022 /PRNewswire/ -- AeroCentury Corp.
("AeroCentury" or the "Company") (NYSE American: ACY), today
announced that it plans to change its name from "AeroCentury Corp."
to "Mega Matrix Corp." to better reflect its expansion into
Metaverse and Gamefi business. In connection with the corporate
name change, the Company also plans to change its trading symbol
from "ACY" to "MTMT" to be effective on March 28, 2022. The effective date of the name
change will be disclosed in a subsequent news release.
About AeroCentury: AeroCentury (the "Company") is a
holding company located in Palo Alto,
California with two subsidiaries: Mega Metaverse Corp., a
California corporation ("Mega")
and JetFleet Management Corp. a California corporation ("JetFleet"). The
Company focus on GameFi business through Mega and will continue to
focus on third-party management service contracts for aircraft
operations through our majority owned subsidiary JetFleet, which
was part of our legacy business. For more information, please
visit: http://www.aerocentury.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. All statements in
this press release other than statements that are purely historical
are forward-looking statements. When used in this press release,
the words "estimates," "projected," "expects," "anticipates,"
"forecasts," "plans," "intends," "believes," "seeks," "may,"
"will," "should," "future," "propose," and variations of these
words or similar expressions (or the negative versions of such
words or expressions) are intended to identify forward-looking
statements. These forward-looking statements are not guarantees for
future performance, conditions or results, and involve a number of
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside the Company's control,
that could cause actual results or outcomes to differ materially
from those discussed in the forward-looking statements. Important
factors, among others, are: the ability to manage growth; ability
to identify and integrate other future acquisitions; ability to
obtain additional financing in the future to fund capital
expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting the
Company's profitability; litigation involving patents, intellectual
property, and other matters; potential changes in the legislative
and regulatory environment; a pandemic or epidemic. The
forward-looking statements in this press release and the Company's
future results of operations are subject to additional risks and
uncertainties set forth under the heading "Factors that May Affect
Future Results and Liquidity" in documents filed by the Company
with the Securities and Exchange Commission, including the
Company's quarterly reports on Form 10-Q and the Company's latest
annual report on Form 10-K, and are based on information available
to the Company on the date hereof. In addition, such risks and
uncertainties include the Company's inability to predict or control
bankruptcy proceedings and the uncertainties surrounding the
ability to generate cash proceeds through the sale or other
monetization of the Company's assets. The Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date of this press release.
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SOURCE AeroCentury Corp.