ATVRockn (OTC PINK: ATVK) has announced plans to change its name to Ameritek Ventures and supply equipment for optical fiber production. The company says it has "identified multiple technologies" that it can combine with proprietary optical preform fabrication processes to differentiate itself in the market.
The Las Vegas based company plans to supply optical preforms to support the creation of commercial-grade fiber for communications-focused fiber-optic network applications. "The Company's equipment, processes, and managed system deployments will provide the market with the highest quality preforms used to manufacture fiber optic cable and will support significant growth worldwide," the company description at the bottom of a recent press release states.
A recent 8-K filing with the U.S. Securities Exchange Commission (SEC) lists Clinton L. Stokes III as chairman and CEO of the company. He succeeded former president, CEO, secretary, and director of the company Frank William Rycraft, Jr. on June 19. Stokes has a background in the mortgage industry.
The move into optical fiber preform manufacturing represents a significant departure from the company's initial focus. A Form 10-Q filed with the SEC on April 24, 2017 reveals that ATVRockn originally planned to market a "housing molding" product to place audio equipment and lighting on four-wheel drive vehicles such as utility terrain vehicles and all-terrain vehicles (ATVs, hence the company's original name). The company discovered it wasn't adequately capitalized to produce the product and decided to enter a different business.
At the time of the 10-Q filing, Stokes was the company's lone employee.
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