/24-7PressRelease/ - June 06, 2008 - Tiber Creek announces that it is the first and only company ever to take a company public over the counter via Regulation A and to have their clients securities DTC eligible. In addition they did it without requiring their client to obtain audited financials.
Many entrepreneurs are choosing to become a public company and trade on the Over-the-Counter Pink Sheets because you are not subject to the quarterly reporting and filing requirements of the SEC (Securities and Exchange Commission) and not subject to Sarbanes Oxley.
Many small companies with revenues under $10 million dollars, and even start up companies that would like to go public to raise capital, increase the value of the company, and use their stock as currency are choosing to go public on the OTC Pink Sheets. This is because they would rather not have the expense of a yearly audit. The Pink Sheets have proven to be an excellent alternative to Nasdaq.
The Pink Sheets (also called the National Quotations Bureau) have made some major changes to compete with Nasdaq including two new higher market tiers for companies that would like to offer more disclosure to investors.
The Over-the-Counter Pink Sheets do not have any revenues or asset requirements so in addition to smaller companies you also have regional banks and larger companies such as Nintendo and Heineken Beer trading there.
The Pink Sheets, which were founded in the early 1900's (nearly 70 years before Nasdaq), didn't go electronic until 1999, which is why they lagged behind Nasdaq until now. The Pink Sheets are aggressively seeking companies to trade there to compete with Nasdaq.
The latest company that Tiber Creek took public is Loans4less.com. As of May 28th, Loans4less.com which had negligible revenues had a market value of over $20 million dollars.
Loans4Less.com, Inc. announced the closing of its Regulation A Common Stock Offering recently and the start of their stock quotation as a DTC/DRS eligible security.
They seek to license their unique name.
Tiber Creek offers a free report or consultation regarding listing on the Pink Sheets They help companies go public on the NYSE, AMEX and the OTCBB. This is an excellent way to go public without reverse mergers or a public shell.
You can visit their website at www.TCC5.com
www.tcc5.com
[email protected]
310 888 1870
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