LEESBURG, Va., Feb. 9, 2011 (GLOBE NEWSWIRE) -- Shot Spirits Corporation (Pink Sheets:SSPT) is pleased to announce that it has recently moved up to OTC Pink Current Information Tier on OTC Markets () after filing material company information and recent financials toward overall transparency, accessibility and market integrity.
OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information ( http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp ), the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, current share structure, current financials and an attorney letter verifying financial information submitted.
The Company also announces that it has just recently decreased its vendor liabilities in the amount of $1,013,000.00 through the sale of some subsidiary assets. Brian Barrett, CEO, states, "We are very pleased by the OTC rating and the effect that our recent asset sale has on our company financials. Company officers and executives continue to hold restricted shares as we work toward the overall collective benefit for the company and its shareholders."
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
PR drafted BY
your definitive source for otc press release solutions
CONTACT: SHOT SPIRIT CORPORATION Investor Relations Tel: 703.297.3400