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Beyond Oil Issues Clarification Regarding Previous German-Language Media Activities
Globenewswireยท 2025-06-03 20:30
Core Viewpoint - Beyond Oil Ltd. has clarified its promotional activities in response to a review by the British Columbia Securities Commission, emphasizing its commitment to oversight and compliance in future marketing efforts [1][3][5]. Promotional Activities - German-language promotional materials referencing Beyond Oil were published by BullVestor Medien GmbH from January 2025 until May 8, 2025 [2]. - The content was removed due to concerns about its overly promotional nature and lack of company oversight [3]. Company Response - Beyond Oil has implemented additional internal controls and policies to ensure proper oversight of future promotional activities, whether conducted directly or through third parties [4]. - The company cooperated fully with the BCSC review and disclosed that the Media Provider received approximately EUR250,000 for media-buying and related services [5]. Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on creating solutions to mitigate health risks, improve sustainability, and reduce costs for food service companies [6]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [6]. - Beyond Oil's product aims to improve food quality, operational cost savings, and reduce environmental impact while tackling critical health risks associated with reused oil [6].