LETTER TO OUR INVESTORS
January 15, 2021
To our Stockholders and the Investment Community:
Puget Technologies, Inc. ("Puget"), is a publicly held corporation incorporated in the State of Nevada on March 17, 2010, and, since May 25, 2012, when its registration statement on Form S-1 pursuant to Section 5 of the Securities Act was declared effective by the Commission, has been subject to reporting requirements pursuant to Sections 13 and 15(d) of the Exchange Act. The company trades as PUGE on the Pink Open Market.
From its inception through 2015, the company pursued several development stage interests including but not limited to 3D printing and travel technology. From 2015 until July of 2020, Puget was inactive, as its prior management resigned, leaving it indebted and without business operations. Consequently, during such period it lacked the funds required to comply with its reporting obligations under the Exchange Act. Since July of 2020, with the assistance of its Affiliate and strategic consultant, Qest Consulting Group Inc., Puget has eliminated most of its debt, resumed filing of reports to the Commission, and initiated new operations.
Using proceeds from a limited offering of its securities, Puget intends to complete audits of its financial statements for the years ended December 31, 2019 and 2020 and to file related annual and quarterly reports on Commission Forms 10-K and 10-Q. Because Puget has fundamentally changed its business and business model, information concerning Puget’s operations is of historical importance only. Interested persons can review it in Exchange Act Reports heretofore filed with the Commission accessible through the Commission’s Internet website located at www.sec.gov.
For those of you who have traveled with us on this long journey, we thank you for your support. For those of you who are just learning about Puget, welcome. We're excited about our new business direction and hope you are too - please explore the rest of the website and attend our upcoming Events to learn more.
Puget Technologies, Inc.
President & Chief Executive Officer