ITNS CEO Update Letter to Shareholders
(firmenpresse) - IRVINE, CA -- (Marketwire) -- 03/15/12 -- Itonis, Inc. (PINKSHEETS: ITNS) today issued the following letter to shareholders:
Dear Shareholders,
Since my last update to you on January 10, 2012, the Company continues to make tremendous progress on several ongoing matters.
Our accounting team is working hard to complete the audit towards the Company becoming fully reporting in compliance with SEC requirements by our 3rd Quarter. Meanwhile, I expect that we will be filing our year-end financial reports at OTC within days.
We have completed negotiations on a new acquisition and will be entering the attorneys' contract documentation phase. This expected new acquisition will continue the Company's strategic plans for entering into the scientific technology sector. The new acquisition will complement our other subsidiary (Paramount Discoveries) with a solid foothold in the rare earths industry.
Paramount Discoveries continues to work with its consulting team on devising the best strategies in achieving its proprietary technology protections, and bringing its electro-magnetic frequency technologies to prospective licensees to reach new revenue highs in 2012.
Our management team continues to work diligently and aggressively at all such levels. I for one will strive to give you more frequent updates on our management efforts. Please stay tuned.
Mark Cheung
CEO / President
About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated under the laws of the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005. For more information, please visit .
Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
Contact:
Michael Biddick
(949) 529-1588
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.03.2012 - 12:53 Uhr
Sprache: Deutsch
News-ID 125185
Anzahl Zeichen: 0
contact information:
Town:
IRVINE, CA
Kategorie:
Mining & Metals
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"ITNS CEO Update Letter to Shareholders"
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