RESTON, Va., Feb. 25, 2004 (PRIMEZONE) -- Global Explorations Inc (Pink Sheets:GXXL) has begun the process to become listed on the Over The Counter Bulletin Board (OTCBB).
"This is the fist step of our long-term goal structure," Global Explorations PR Manager, Atul Mehta stated. "Our eventual goal is to become listed on Nasdaq.
"At this point, we have every reason to believe that 2004 will represent a major breakthrough for Global Explorations. We are vigorously marketing our breakthrough SMS technology, which we expect to result in additional clients, and consequently, additional revenue," continued Atul Mehta. "We will do everything possible to maximize shareholder values to become listed on the OTCBB are ongoing at this time."
The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information on over-the-counter (OTC) equity securities. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs). Securities quoted on the OTCBB are required to report their current financial information to the Securities and Exchange Commission (SEC) to meet eligibility requirements.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.