OTTAWA, Aug. 11, 2005 (PRIMEZONE) -- BlueBear Network International, Inc. (Pink Sheets:BLBR) announced today it is in receipt of audited financial statements and has commenced preparation of Form 10SB to become a fully reporting company with the Securities and Exchange Commission.
Mr. Andrew Brewin, president and CEO of BlueBear stated, "Our auditors, Mintz & Partners, LLP, have completed their work on our consolidated financial statements and our legal counsel has begun work to file SEC Form 10SB, establishing BlueBear as fully reporting. We see this as an important step in our overall goal of solidifying our governance and improving company fundamentals for our shareholders by moving to the OTC Bulletin Board."
About BlueBear Network International, Inc.
BlueBear Network International, Inc. (Pink Sheets:BLBR) is a Nevada-registered company based in Ottawa, Ontario, Canada. BBNI develops and markets the world's first system that uses biometrics and text records to securely and simultaneously search and share biometric and records information among linked police and integrated justice databases. BBNI's system responds to worldwide police and government requirements for the timely and effective information search and sharing in homeland security and law enforcement. The company has established strong strategic relationships with several large manufacturers, software and consulting firms. For more information please visit http://www.bbninternational.com/.
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," and "project," and similar expressions, define forward-looking statements, which speak only as of the date the statement was made. BBNI undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.