PALM CITY, Fla., Dec. 21, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM) the Florida based pool & spa industry aggregator today announced it has requested an effective date of the end of business on Tuesday, December 22, 2015 for the S-1 registration statement filed with the SEC. Under the terms of the registration statement, certain shareholders will have the right to sell specified amounts of shares with the proceeds retained by the shareholders. There will be no dilution to the Company and the Company will not receive any of the proceeds. CPSM has also submitted its application for listing its shares on the OTCQB.
CPSM will become a mandatory reporting company with the SEC and plans to continue to climb the ladder as a public company.
CPSM Chairman and CEO Lawrence Calarco explains, “CPSM has taken the step to facilitate the registration of certain shares held by several shareholders to ensure their liquidity. Further, the Company, as was detailed in our S-1, has made substantial progress this year and will be starting off what appears to be a very bright 2016. CPSM is growing at a very healthy pace organically and will continue to pursue acquisitional growth when conditions are appropriate. The move to the OTCQB will permit more institutions to participate and broaden the Street’s view of the Company. This provides a twofold benefit to the shareholders by supporting corporate growth and fiscal stability with greater liquidity options.”
CPSM, Inc. is a publicly held company serving the surging pool / spa maintenance, design, and construction industry in Florida.
Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.