IRVINE, Calif., Nov. 13, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) announced today that it has started the process of becoming a fully-reporting company under U.S. Securities and Exchange Commission (SEC) regulations, in preparation for listing its shares on the OTC Bulletin Board(r) (OTCBB). Sage Global is currently a non-reporting company trading on the over-the-counter (OTC) Pink Sheets as well as on the Frankfurt Stock Exchange (German WKN# A0J265 / Trading Symbol: Q9A) the world's third largest securities exchange.
The OTC Bulletin Board(r) (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange.
"Having completed four significant acquisitions over the past 18 months, which has lead to numerous marketing and sales agreements, we are well ahead of our strategic business plan," said Henry Davidson, president of Sage Global Solutions. "As a result, we are now in position to accelerate our efforts to become a fully-reporting company. We believe that a listing on the OTCBB will enhance investor interest and confidence, lower our cost of capital, and make our stock more attractive to institutional investors."
"As a first step, we have already begun an audit of our company operations and financial results," continued Davidson. "We will then prepare the appropriate SEC filings in anticipation of transitioning to fully-reporting status and application to the OTCBB early next year."
About Sage Global Solutions
The mission of Sage Global is to present a full spectrum of insurance and financial services and solutions for small to medium businesses and the individual retail customer. Sage currently has 5 wholly owned subsidiaries including; Express Notary Service, Inc., Online Mortgage Inc., RJC Insurance Services, and PremierPoint Insurance Services. Express Notary Service, Inc. is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. Online Mortgage Inc. is a lead generation and marketing portal consisting of over 50 integrated URL's, each with over 250,000 pages of consumer-useful information. RJC Insurance Services is one of the premier retail insurance service providers in California, with a unique array of product offerings when coupled with PremierPoint Insurance Services. Over the past several months Sage has taken significant steps toward reaching its goal of becoming a complete insurance and financial services institution and will continue to seek acquisitions, positioning itself as a market leader in a rapidly-growing industry. Visit http://www.sage-global.com for more information.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.