Sebastian River Holdings Announces Current Information Market Tier Filings
05 Settembre 2012 - 7:22PM
Marketwired
Sebastian River Holdings, Inc. (PINKSHEETS: SBRH), a diversified
financial holding company, today announced the Company has compiled
over two years in financial statements and disclosure records,
through the work of Accountants, Management, and the Florida
Secretary of State that meets GAAP standards and has entered into
an agreement with OTC Markets, Inc. to publish the records on the
OTC Markets Disclosure and News Service to satisfy the Alternative
Reporting Standard.
The company will be submitting the records for publishing upon
completion of the account setup with OTC Markets, Inc. (expected to
be completed within the business week). The records in their
entirety will bring the company to the "Current Information" tier
and remove the "Caveat Emptor" sign to resume quoting of the
Company's Common Stock. According to OTC Markets, Inc. the
securities of Pink Sheet companies that provided current disclosure
to the public markets, either through a regulator or directly to
News and Disclosure Service, represented 95% of all the dollar
volume traded in the OTC marketplace. The average dollar volume per
security in 2011 had averaged significantly higher, for securities
that obtained Current Information Status, compared to minimal
average dollar amount per security with No Information.
"Fulfilling this obligation was not only important to us in our
commitment to transparency and our 'Shareholder Communications
Initiative' but, in bringing the company to the largest volume
market tier in the over-the-counter markets." Said Dan Benjamin,
CEO & Chairman, at a meeting Monday: "This achievement is
certainly not where the buck stops; we have now begun progressing
engaging specialty Legal Counsel and Consultants in regaining our
DTC eligibility."
Forward-Looking Safe
Harbor
This Press Release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise
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Contact: Sebastian River Holdings, Inc. Investor Relations
Department Telephone: (424) 258-0167 Facsimile: (424) 258-9458
Web: www.SBRHInc.com Email: Email Contact
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