IGSM GROUP INC. Completes Steps Toward Becoming a Current Information-Compliant OTC Markets Tier Company
23 Mayo 2012 - 5:03AM
Marketwired
IGSM GROUP INC. (PINKSHEETS: IGSM) announced today they are
officially on the path to become Compliant on OTCMarkets.com with
Current Information "PS" status.
OTC Markets reports that OTC Pink Current Information companies
have an average dollar volume of $45 million compared to $14.8
million for an OTC Pink Limited Information company (Average Dollar
Volume per Security for the Period ending 31 December 2010 - source
OTCMARKETS.com).
The company has submitted its application and legal requirements
to the designated officials for approvals and anticipates approval
shortly. The public will be notified of the changes as they become
available from OTC Markets and other specified officials.
The Company's management team stated, "We are pleased to have
accomplished this task for our shareholders, and we cannot hesitate
to move forward with our larger goals of becoming fully reporting
with audited financials." Management concluded: "We anticipate
being fully audited during the third quarter of this year and to
start looking toward an entrance onto the OTCQB or the OTCBB by
fourth quarter 2012."
IGSM GROUP INC.'s goal is to be as transparent as possible to
its shareholders and this is why the Company felt it necessary to
first achieve "Current Status" on OTCMarkets.com. This move was
made not only for the transparency for its current shareholders,
but also to gain exposure and introduce IGSM GROUP INC. to
thousands of potential investors.
IGSM is a holding company, currently seeking solid acquisition
candidates that meet our criteria and are also willing to enter the
public markets through our incubation process.
Safe Harbor Statement
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"explores," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, and various other factors
beyond the Company's control.
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Contact: Investor Relations IGSM GROUP INC. Email Contact: Email
Contact www.igsmgroup.com
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