Orlando, FL (October 3, 2017) – Sputnik Enterprises, Inc., a corporation organized and existing under the laws of the State of Nevada (the “ Corporation ”), hereby certifies that the Board of Directors of the Corporation (the “ Board of Directors ” or the “ Board ”), pursuant to authority of the Board of Directors as required by Nevada law, and in accordance with the provisions of its Articles of Incorporation and Bylaws, adopts the amendment to Series A Convertible Preferred Stock and hereby states the rights, preferences, privileges, powers and restrictions thereof, as follows:
AMENDMENT TO SERIES A CONVERTIBLE PREFERRED STOCK
The number of shares of the Preferred Stock of the Corporation designated “ Series A Convertible Preferred Stock” is reduced to 1,000,000 shares. The other terms of Series A Convertible Preferred Stock remain unchanged.
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about the football co.
the football co. is a vertically integrated global football business that is investing in various business sectors of the global game. These sectors include, but are not limited to, ownership of multiple professional clubs, digital assets aligned into a single platform for fan engagement and grassroots development of young players globally. the football co. is a division of Sputnik Enterprises, Inc. which is a publicly traded company on the Over The Counter (OTC) exchange under the ticker SPNI.
forward looking statements
This release contains certain forward-looking statements relating to the football co., a division of Sputnik Enterprises, Inc., and its subsidiary companies, which can be identified by the use of forward-looking terminology such as estimates, believes, anticipates, intends, expects and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on the football co.’s current expectations and beliefs concerning future developments and their potential effects on the football co. There can be no assurance that future developments affecting the football co. will be those anticipated by the football co. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. the football co. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
social media and web site statements
Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD the company is alerting investors and other members of the general public that the football co. will provide regular updates on operations and progress of the Company through its social media accounts and its corporate web site(s). Investors, potential investors and individuals interested in the Company are encouraged to keep informed by following us on our various social media accounts.
Currently, the football co. has the following social media accounts upon which it may post information about the Company.
Twitter: https://twitter.com/thefootballco or @thefootballco
Certain major announcements will also be made through the SEC’s Edgar system and those announcements can be seen at: http://www.otcmarkets.com/stock/SPNI/quote