Hydromer, Inc. Filing of SEC Form 15
03 Junio 2013 - 11:03AM
Marketwired
On May 8th of 2013, Hydromer, Inc. (OTC PINK: HYDI) filed SEC Form
15 terminating registration of the Company's Common Stock, the only
class of securities offered and outstanding. It is the opinion of
management that this decision will have minimal, if not positive,
impact to the Company's shareholders.
"The compliance and regulatory aspects of being a publicly
traded company has been ever increasing, from Sarbanes-Oxley to the
recent XBRL reporting requirements, with the cost and burden
especially disproportionate for a smaller reporting entity like
Hydromer, Inc.," stated Robert Y. Lee, Chief Financial Officer.
"While we are no longer filing quarterly reports via EDGAR with the
SEC, the Company is filing equivalent reports with OTC Markets
[formerly named Pink Sheets]. We look to maintain the same level of
transparency that our shareholders are accustomed to. In addition,
trading of the Hydromer stock is still available on the OTC Markets
platform where most of the trading has traditionally taken
place."
"Our management team remains the same as is our business
strategy. There will be no change to the Company structure," said
Manfred F. Dyck, President and Chief Executive Officer, adding,
"Our decision, not only reduces hard dollar costs, flowing down to
the bottom line, but it frees up valuable senior management time
that can be transferred to more productive initiatives, while
continuing to meet shareholder reporting objectives. We will
continue to look for ways to maximize shareholder value."
The Company's quarterly reports can be accessed through our
Investor Relations page of the Hydromer website or directly at
http://www.otcmarkets.com/stock/HYDI/filings.
Hydromer, Inc. is a technology-based company involved in the
research and development, manufacturer and commercialization of
specialized polymer and hydrogel products for medical devices,
pharmaceutical products, animal health, cosmetic, personal care and
industrial uses. For the latest information about Hydromer, Inc.
and its products, please visit our web site at
www.hydromer.com.
Contact: Robert Y. Lee Vice President, Finance 35
Industrial Parkway Branchburg, NJ. USA Phone 908 722 5000
www.hydromer.com
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