CLINTON, Wash., Sept. 10, 2010 (GLOBE NEWSWIRE) -- Strategic Management & Opportunity Corporation (Pink Sheets:SMPP) announces that the company is preparing required documents and filings necessary to achieve OTCMarkets Current Info Tier status. 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 (); 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.
"As we are nearing the launch for our flagship VSP platform, it's imperative that we not only make relevant company information available to both prospective and existing shareholders, but to do so on an interface such as OTCMarkets (formerly pinksheets) which is regarded and relied on by many OTC investors," comments Strategic MPP CEO, Julienne Audette. "We will submit the materials to OTCMarkets in the coming days with some significant company headway to be announced as the process is completed."
The company expects the Current Info Tier status to effect within the next 2 weeks and Audette is confident that the steps SMPP takes with OTCMarkets will have an impact on overall market confidence in Strategic MPP; giving it the professionalism and credibility in the markets like that which it has earned on the company side with partners and vendors. "Our progress so far has put us in our final phases of development toward a hit-the-ground-running implementation phase. We are pleased to be bringing this level of transparency to allow investors due diligence and accessibility," said Audette.
OTC Markets Inc. is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.
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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.
CONTACT: Gerrard Hollister Investor Relations (310) 909-7988 SMPP@GerrardHollister.com