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IGSM GROUP INC. Completes Steps Toward Becoming a Current Information-Compliant OTC Markets Tier Company(May 23, 2012)
FORT LAUDERDALE, FL -- (Marketwire) -- 05/23/12 -- 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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