DANVERS, Mass., May 06, 2016 (GLOBE NEWSWIRE) -- MobiCard Inc. aka Peer to Peer Network (OTC Symbol:PTOP) www.freemobicard.com has been working diligently with a local CPA that has been contracted by the Company to complete its financials for audit review.
The Company had previous filed a name change from Peer to Peer Network to MobiCard Inc. and a 1-400 reverse stock split with the State of Nevada on 12/31/15 and had submitted the filing along with a stock symbol change to Finra shortly thereafter. The Company failed to meet the requirements on Finra in its initial filing, therefore on 3/15/16 the Company received notice from Finra that the case was deemed lapsed with no further action.
In order to approve the various corporate actions, one of Finra’s requirements is that the Company be current in their SEC financial reporting.
The Company plans to re-submit the required filing with Finra as soon as the Company becomes current in its financial reporting so that the planned restructure can move forward.
The Company has scheduled a shareholder conference call set for 4pm Eastern Standard Time on Thursday, May 12, 2016 to provide clarity on this matter as well as discuss recent corporate developments. Dial in instructions are as follows: Dial (712) 432-0375 Passcode: 106819#
About MobiCard Inc. aka Peer to Peer Network:
Since the acquisition of Code2action Inc’s MobiCard platform in September 2015, Peer to Peer Network has changed its name in the State of Nevada to MobiCard Inc. The Company owns and markets its ever evolving technology platform, a SaaS mobile solution branded C2A MobiCard. MobiCard is a scalable mobile business card software platform that enables users to create a customized mobile business cards that are sharable by text, email and social media. Subscribers are able to track card opens, views and shares all while validating and analyzing new leads and referrals in real time.
Safe Harbor Statement:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.