WILMINGTON, Del., Sept. 12, 2005 (PRIMEZONE) -- GSB Financial Services, Inc., (Other OTC:GSBF) has received a letter from the Securities and Exchange Commission dated August 19th 2005 stating that trading in GSB Financial Services, Inc. listed company, was suspended for the period from 9:30 a.m. EDT, on August 19th 2005 through 11:59 p.m. EDT, on September 1st 2005.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of GSBF.
The management of GSBF has contacted Pink Sheets and has been advised, when there is no quote for four consecutive days by any market maker in the Pink Sheets, that in order for a market maker to enter a new quote, they must re-comply with 15c2-11, which means filing a Form 211 with the NASD.
Management of GSBF will contact the market makers and have a Form 211 prepared and filed with the NASD as soon as possible. Shareholders can get a quote through the Grey Market, PinkSheets.com call the "Other OTC."
GSBF has received a letter from MoneyBar Technologies, Inc., as of August 19th 2005 the "M.O.U." dated June 15th 2005 has been terminated, as the intentions of the "M.O.U." have not been met, stated Ron Frank, a director of MoneyBar.
This press release may include forward-looking statements within the meaning of section 27a of the securities act of 1933 and section 21e of the Securities Act of 1934. These statements are based on the company's current expectations as to the future events. However, the forward-looking events and circumstances discussed in this press release might not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.