ITNS CEO Update Letter to Shareholders
(firmenpresse) - IRVINE, CA -- (Marketwire) -- 05/19/12 -- Itonis, Inc. (PINKSHEETS: ITNS) today issued the following letter to shareholders:
Dear Shareholders,
Since my last update on March 15, 2012 we have made much progress across several areas.
We are making great strides with the audit process. Although it has been very time-consuming, we are confident of a June completion. As previously communicated, the audit is an important step to realizing the goal of becoming fully reporting under SEC requirements.
Our last press release announced that we filed the first of our provisional patent applications on Paramount Discoveries' electro-magnetic frequency technologies, and that the first application for the Carbon technology was filed with the U.S. Patent & Trademark Office under Application Number 61/638,385 (). We are working on the applications specific to the Salt and Silver technologies and should have their respective application numbers to announce very soon. The three patents that we are obtaining have countless applications throughout multi-billion dollar industrial and manufacturing markets.
We also remain busy developing other opportunities -- including one in the mobile technology sector -- whether by acquisition or by internal development. We're confident and excited that another subsidiary will be unveiled this June that will begin a marked diversification of our businesses. The audit completion and the new subsidiary should make June a month to watch.
As previously announced, our work on bringing rare earth metal technology to the Company is still ongoing with progress being made towards detailed accounting review and final legal approval. We remain excited that such an acquisition will propel the Company into a very prosperous industry that will greatly benefit all Shareholders.
Please stay tuned -- I'm sure that you will be pleased with our many new developments. Our executive team is working hard to bring substantial value to our Shareholders. Thank you again for your continued support of our Company.
Mark Cheung
CEO / President
Itonis, Inc. (the "Company") was incorporated in 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 visit .
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
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Datum: 19.05.2012 - 19:01 Uhr
Sprache: Deutsch
News-ID 148268
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IRVINE, CA
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Investment Services & Trading
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