Balincan USA, Inc. (BCNN) Filed for Name and Symbol Change (TKMO)

Balincan USA, Inc. announced its official plea for name and symbol change

Balincan USA Inc. (OTC: BCNN, referred to as "Balincan" or the "Company") has officially filed for a formal name and symbol change to Tekumo, Inc. (TKMO), as announced in a press release dated February 3, 2023, subject to the approval of FINRA with the requested effective date set for February 15, 2023. Throughout the past two years, Tekumo has cemented its position as a data-focused service delivery platform specializing in the installation, monitoring, and support of technology systems and smart connected devices. Driven by the exponential growth of the Industrial Internet of Things (IIoT) market, the rebranding to Tekumo aligns more closely with the company's direct involvement in this sector.

The IIoT landscape is influenced by the proliferation of low-cost, low-power edge device technology, 5G connectivity, cloud storage, and the increasing need for real-time data analytics. The choice of the Tekumo name reflects the company's global heritage. CEO Strings Kozisek explained, "I established a successful technology venture in Japan, and the name Tekumo is derived from two Japanese words that loosely translate to Tech Cloud." He further noted the interconnectedness within the company, mentioning President/CFO Phillip Dignan's previous tenure at Salomon Brothers in Tokyo, as well as shared professional experiences between CSO Chris Nichols and Dignan at various companies, including Field Nation. Tekumo's diverse portfolio encompasses ventures in software, managed services, organic material manufacturing, retail, and automotive verticals, collectively generating over $300M in annual revenue.