Andiamo Corporation Reviews Its Up-List Timing
(firmenpresse) - ST. PETERSBURG, FL -- (Marketwire) -- 07/18/11 -- Andiamo Corporation (PINKSHEETS: ANDI) is reviewing its up-list timing in response to a major clearing firms policy change. The policy, which was amended June 1, 2011 has the potential to affect a significant number of publicly traded companies.
"The recent events surrounding the exchange that ANDI currently trades on and the unwillingness of the clearing firms to accept sub-penny stocks as well as the potential uncertainty of a liquid market for our shareholders has led us to accelerate the review of our up-listing plan.
We are beginning the process of interviewing consultants, attorneys, accountants, transfer agents, and other necessary service providers to determine the feasibility and cost versus benefit of this quest. We recognize that it will be costly and time consuming, but our initial outlook is that an uplist would be best for our shareholders and for the company to be able to continue to show its commitment to align with our shareholders.
On initial review, we recognize that this process could take an extended period of time, and we wanted our shareholders to know what we are working on and what our vision is to ensure continued tradability to protect our shareholders. We have observed that a number of companies that up-listed experience impressive increases in liquidity for their shareholders," said Dustin Secor, CEO.
Safe Harbor Statement
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
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Andiamo Corporation
Investor Relations
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Datum: 18.07.2011 - 17:46 Uhr
Sprache: Deutsch
News-ID 35495
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ST. PETERSBURG, FL
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Insurance
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