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Business Continuity Solutions, Inc. Obtains Current Information Status on OTC MarketsCompany Also Takes Steps to Manage Share Structure by Reducing Authorized Shares From 250 Million to 195 Million (November 01, 2011)
GRANITE FALLS, NC -- (Marketwire) -- 11/01/11 -- Business Continuity Solutions, Inc. (BCS) (PINKSHEETS: BUCS), a nationwide leader in the provision of backup and disaster recovery (BDR) solutions for corporations throughout the U.S., announced today that it has obtained "Current Information" status on OTC Markets, the alternative reporting standard initiated and regulated by OTC Markets Group Inc. (http://www.otcmarkets.com/stock/BUCS/quote).
Commenting on the status upgrade from "Limited Information," Ramsey Dellinger, CEO of Business Continuity Solutions, said, "At the end of August we announced our intention to begin work to attain Current status, a point we reiterated in early October. At the time, we gave ourselves a 60-day window to achieve this, and are obviously very pleased -- but not surprised -- that we did. We have surrounded ourselves with top-notch professionals and certainly want our current and potential investors to receive full disclosure regarding our operations, financial position and development. We see this as only one of many key steps in our continued corporate progress."
About Business Continuity Solutions, Inc.
Business Continuity Solutions, Inc. (BCS) is a rapidly emerging player in the burgeoning cloud infrastructure, data center, and backup and disaster recovery (BDR) markets. With multiple software, hardware and managed service solutions, the Company offers the only complete "all-in-one" answer to mission-critical data backup and recovery, which enables local recovery from any type of failure in just minutes -- all with the added assurance of off-site application and image backup. Through its proprietary Continuity Cloud, businesses have the ability to store, recover and manage their data without losing continuous access. Headquartered between Asheville and Charlotte, NC, BCS also maintains data centers in three major cities. For more information, please visit www.bcs-data.com.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the technology industry; the positioning of Business Continuity Solutions, Inc. in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, changes to operating systems and product strategy by vendors of operating systems; and whether Business Continuity Solutions, Inc. can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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