Business Services Industry
Total Entertainment Inc. Makes Announcement
Business Wire, April 19, 1999
RED BANK, N.J./MONTREAL--(BUSINESS WIRE)--April 19, 1999--
Total Entertainment Inc. (OTC Bulletin Board: TTLN) Announced today that the company intends to voluntarily comply early with the United States Securities & Exchange Commission, to the National Association of Securities Dealers, Inc., approved Microcap Initiatives - Amendments, Rules 6530 and 6540.
Although the company has until July 4, 2000 to comply with the new rules, the company expects to file Securities & Exchange Commission Form 10 on or about June 15, 1999. Securities & Exchange Commission Form 10 includes the year-end audited financial statements, interim financial statements, and company history. The company will, upon filing and effectiveness of the Form 10, become a full reporting company under the Securities Exchange Act of 1934.
The company also announced today it has elected to participate in Standard & Poor's Market Access Program, that includes Standard & Poor's Corporation Records, Market Scope, Stock Guide Services and Standard & Poor's web-site distribution. Standard & Poor's Corporation Records is also known as a recognized securities manual in many states for "Blue Sky/Manual Exemption" trading.
The Online Casino and Sportsbook can be found online at www.theonlinecasino.com.
The statements in this news release may contain 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, and are subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of Total Entertainment, Inc.
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