Aqua Power Systems Inc. (OTCPK:APSI) announced on February 15, 2022 that Company management is engaged in active discussions with several potential target merger and acquisition candidates. Discussions are active and ongoing with in person meetings being scheduled. The candidate companies are from a variety of industries and additional candidates are expected to be added to the list of those being reviewed by the Company.

The Company seeks to review candidates with strong management teams in place, substantial current revenues, large overall industry size, strong company growth and marketing plans. The Company has made its first foray into the popular Sandbox metaverse with the successful acquisition of prime real estate within the coveted and known neighborhood of Snoop Dogg. This neighborhood popularly referred to as the “The Snoopverse” is centrally located and has experienced significant increases in both popularity and land values.

As part of a forward-looking growth strategy the Company believes the purchase will prove to be a valuable asset and bring significant untold opportunities for the future incoming merger/acquisition candidate. Stephen Carnes, President of APSI, stated, “When I took the helm of Aqua Power in December 2021, my vision was to set the course of a total clean-up and total restoration of the Company. Through my initiatives Aqua Power has successfully canceled approximately 9 million common shares from the Outstanding Share count and the Company is seeking to cancel an additional 32 million common shares.

The Company is in the later steps of fulfilling necessary legal obligations in pursuit of this 32 million share cancellation at which time Aqua Power seek final court approval to cancel the shares. Based on where we are at in this process, all of the obligations are on schedule to be met within First Quarter with a request to seek cancellation in very early Q2, leaving APSI with a float of under 18 million shares”. Regarding the announcement of the Sandbox property purchase, I believe this asset acquisition secures Aqua Power a very prime piece of real estate as the future of the metaverse just begins to unfold.

I realize that most people have little understanding of the metaverse, which is exactly why February 15, 2022 announcement is so exciting as we are on the cutting edge of opportunities. For most people, the discussion of the ‘meaning of the metaverse' is like discussing ‘the meaning of the internet' in the 1970's.”, Carnes was quoted as stating.