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Metrospaces Announces Cancellation of Reverse Stock Split of Common Stock and Engages Boyle & Co. CPA to Become Full-Reporting

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NEW YORK, NY, Sept. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Metrospaces, Inc. (OTC:MSPC) cancels reverse-stock split and hires auditor to become "Full-Reporting." 

Mr. Brito stated: "The Board has decided to focus on auditing our 2016 and 2017 quarterly and yearly financial statements and has thus cancelled the reverse-stock split of its common stock.  For this service, the company has engaged Boyle and Co. CPA.  Our goal is to have all financial statements reviewed, audited and filed with the S.E.C. within the next 90 days.  We realize that our deal with Etelix could potentially be a very important business and it will set us up for even bigger deals.  For us to truly reap the benefits of such successful deals we need to be audited and a fully-reporting Company, so that we can provide our investors and capital markets the visibility and accountability the investment community is looking for." 

About Etelix.com USA, LLC

Etelix.com USA (http://www.etelix.com/) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company's main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider.  The company was founded in 2007 and has been profitable since inception. 

About Metrospaces

Metrospaces www.metrospaces.com  is a publicly traded private equity firm that invests in real estate development projects as well as operating companies with strong real estate components.   It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $550Million.

Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London  BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.

Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.

Metrospaces was originally founded by company President Oscar Brito.

Relevant Links:

http://metrospaces.com/

Safe Harbor Statement:

Statements in this news release may be "forward-looking statements".  Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Company Contact: Tel: (646) 630-0927                                               

Investor Relations: investors@metrospaces.net

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