LETTER TO OUR SHAREHOLDERS

 

May 12, 2021

To the Shareholders

Puget Technologies, Inc.

Re:         Final date for 2021 annual meeting

Dear Shareholders:

 

As always, we trust you are doing well and taking care during these difficult times.  We have finalized the date of our 2021 Annual Meeting. It will be held on June 7, 2021 at 2 p.m. EDT and the record date for determination of shareholders eligible to participate will be April 21, 2021.  The meeting will be held at our headquarters in Boca Raton (1200 North Federal Highway, Suite 200-A; Boca Raton, Florida 33432), subject to moving it to a larger venue in that city if indications of participation warrant such move.  Materials pertaining to the meeting will be available on our website starting on May 12, 2021 at https://pugettechnologies.com/2021-annual-meeting. The meeting will also be accessible virtually from our website.

 

As we stated in our initial communication on point, while we encourage your participation, we must advise you that Qest Consulting Group, Inc., a Colorado corporation (“Qest”) which serves as our strategic consultant and is also our “parent” (as that term is defined in Rule 405 of United States Securities and Exchange Commission [the “Commission”] Regulation C), controls enough votes to adopt all actions to be considered at the meeting and thus, no proxies are being or will solicited on behalf of management or the Board of Directors; however, because Qest values your opinions, it has requested that we make our proposals available to you early enough for you to comment on them, something Qest has advised us it will take into account before it exercises its voting rights, although voting decisions will be in Qest’s sole discretion. You may, of course, elect to be represented by a proxy of your choice and assuming there are no legal impediments, we propose to provide a written ballot for shareholders who desire to participate in voting but do not have the ability to participate in person or through a proxy.

 

We have a great deal of information to share with you concerning developments and urge you to participate.  In the meantime, we will be adding a section to our website specifically dealing with matters to be dealt with at the meeting and invite your input.

 

Much of the foregoing may involve forward looking statements which are any statements that are not statements of historical fact. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may”, “will”, “should”, “expects”, “anticipates”, “contemplates”, “estimates”, “believes”, “plans”, “projects”, “predicts”, “potential” or “continue” or the negative of these similar terms. In evaluating such forward-looking statements, you should consider various factors including the following: (a) risks and uncertainties related to general economic conditions, (b) whether our Company will be able to manage its planned growth efficiently and operate profitably, (c) whether it will be able to generate sufficient revenues or obtain financing to sustain and grow its operations, and (d) whether it will be able to successfully fulfill its primary requirements for cash. Our Company’s actual results may differ significantly from the results projected in the forward-looking statements and we assume no obligation to update them.

 

As you know, our Company is required to file reports with the Commission pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) but has no securities registered with the Commission pursuant to Sections 12(b) or 12(g) of the Exchange Act.  Consequently, it is not required to comply with the proxy or information statement requirements of Section 14 thereof.  Nonetheless, our Company plans to voluntarily provide you with information similar to that which would be provided in Commission Schedules 14A and 14E through a summary information statement supplementing the detailed information found in our annual report on Commission Form 10-K for the fiscal year ended October 31, 2020, our report filed on Commission Form 10-Q for the fiscal quarter ended January 31, 2021 and our reports of current events on Form 8-K filed since such date, all of which can be found at the Commission’s EDGAR website[1] or on our Company’s website at https://www.pugettechnologies.com/sec-filings.

 

On behalf of all of the Directors, we look forward to hearing from you and perhaps, for those interested in attending, seeing you at the annual meeting.

Very truly yours,

Hermann Burckhardt

President & Chief Executive Officer

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