San Diego, July 24, 2020 – Gifa, Inc., a Nevada corporation trading under the symbol “GIFX,” has announced its commitment to filing additional periodic reports with the U.S. Securities and Exchange Commission (SEC) for the fiscal years 2017 and beyond. Mr. Yusuf Kisa, President of Gifa, Inc., made this announcement, expressing optimism about completing these efforts in the near future.
The company’s proactive approach to financial transparency and regulatory compliance comes amid the challenges posed by the COVID-19 pandemic. In a move aligned with governmental guidelines, Gifa, Inc. implemented internal policies on March 13, 2020, facilitating remote work for a majority of its staff. Mr. Kisa emphasized the company’s unwavering commitment to the health and well-being of its staff, customers, and stakeholders.
Notably headquartered in downtown Lefkosa, Turkish Republic of Northern Cyprus, Gifa, Inc. has actively collaborated with the government and local citizens to combat the global pandemic. The company takes pride in the successful containment of the virus within the region, reporting only 131 cases of COVID-19 infection and a death toll of four as of the given date.
Despite uncertainties injected into the global business environment by the pandemic, Mr. Kisa acknowledged the positive steps taken by the government. On May 4, 2020, authorities initiated a phased reduction in the lockdown, signaling progress in the fight against the pandemic. The company remains hopeful for further advancements in the coming months.
A brief history of Gifa, Inc. reveals key changes in its leadership and structure. In 2017, Mr. Ilksen Yesilada and Mr. Yusuf Kisa were elected as Directors, leading to the return of 66,550,660 shares of Common Stock to the company as treasury stock. Subsequent amendments to the Articles of Incorporation included a name change to GIFA, Inc., a reduction in authorized Common Stock, and authorization of Preferred Stock.
The company successfully filed its 2016 Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q with the SEC in 2018. Following the divestiture of its subsidiary, Firefish Private Network, Ltd., and the acquisition of GIFA Holding Limited, Gifa, Inc. now conducts its business solely through GIFA Holding and its subsidiaries.
In the face of these updates, Gifa, Inc. acknowledges that forward-looking statements involve inherent risks and uncertainties. Mr. Kisa urges caution in interpreting such statements and highlights the unpredictability of future results due to various factors, including the ongoing global pandemic.
For further information, interested parties can contact info@gifainc.net, Gifa Inc. remains committed to its goals, navigating challenges with resilience and adaptability as it strives to meet its obligations to shareholders and regulatory bodies.
Disclaimer: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in the forward-looking statements.
