BEVERLY HILLS, Calif., Feb. 13, 2006 (PRIMEZONE) -- Sandy Steele Unlimited, Inc. (Pink Sheets:SSTU) announces debt free status, increasing revenues, and reiterates plans of becoming a fully reporting company, thus moving off the Pink Sheets and moving up to the OTC Bulletin Board.
SSTU has set out an ambitious agenda for 2006 and believes OTC Bulletin Board status will assist its ability to achieve short term and long term goals more quickly and effectively. SSTU is working diligently toward completing the necessary audits and will move expeditiously to file the appropriate documents with the SEC to achieve this important milestone as soon as possible.
"I am also pleased to reveal that the company continues to be completely debt free and expects to remain so," said CEO Ms. Steele. "Further, Sandy Steele Unlimited has not added to the tradable public float of 1,154,340 shares and is expecting momentum resulting from dramatically increased revenues and growth projected from its three divisions over the next 12 -- 36 months. Based on increased revenues and numerous projects currently in development, which should greatly enhance the global awareness of SSTU, the company's insiders have absolutely no intentions of selling or issuing stock for the foreseeable future as we feel our current share price is undervalued based on our profitability and lack of debt."
On the date of this announcement, the company is launching its new corporate website, www.steeleunlimited.com, which has been under construction for three months. It has been expanded to include more informative text adding clarity to the company's objectives and understanding the synergy of its three divisions.
Sandy Steele Unlimited (SSTU) is an emerging Beverly Hills based conglomerate that owns and operates companies in the beauty/ health, financial management and publishing industries (www.steeleunlimited.com). The Siegel Group (www.thesiegelgroup.com), a wholly-owned subsidiary of SSTU, is an international money management company with offices in Beverly Hills, California, and New Orleans, Louisiana. Grammaton Press, a wholly-owned subsidiary of SSTU, headquartered in Davenport, Iowa is a publisher of non-fiction texts in genres such as financial planning, human rights, and world history (www.grammatonpress.com).
SAFE HARBOR: With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of its products; ability to obtain financing; the impact of changing economic conditions; business conditions in the Internet and direct marketing industries; reliance on third parties, including potential suppliers; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release. The company currently does not report its quarterly financials to the Securities and Exchange Commission.
The Sandy Steele Unlimited logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1993