Business Services Industry
NMMI Announces Temporary Delisting from OTC Bulletin Board
Business Wire, March 6, 2000
Business Editors
SAFETY HARBOR, Fla.--(BUSINESS WIRE)--March 6, 2000
New Millennium Media today announced that it had been temporarily delisted from trading on the OTC bulletin board as of Friday, Feb. 25 and will now trade on the National Quotation Bureau's "pink sheets."
On Jan. 4, 1999 the Securities and Exchange Commission ("SEC") approved amendments to the NASD rules to limit quotations on the OTC bulletin board to the securities of companies that report their current financial information to the SEC by becoming fully reporting companies.
"We are currently in the process of becoming a fully reporting company and have our auditors taking the steps necessary to regain our listing," said JT Thatch, president and CEO of New Millennium Media.
"The fundamentals, operations, and goals of New Millennium are the same today as they have always been and we are pressing forward rapidly with our goal of becoming a fully integrated .com advertising and media company," adds Thatch.
This press release includes statements that may constitute "forward-looking" statements usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the company's periodic report filing with the Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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