CLINTON, Wash., Nov. 5, 2010 (GLOBE NEWSWIRE) -- Strategic Management & Opportunity Corporation (Pink Sheets:SMPP) announces that the company has furnished all required documents and filings to OTCMarkets to qualify for 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 for pinksheet companies ( 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.
Strategic received an email yesterday from OTCMarkets Issuer Services stating, "We have finished processing your disclosure and attorney letter for the period ending . Your company will be moved to the Pink Sheets Current Information tier before the next market open."
"We are thrilled to have finally lifted our short-lived CE status with OTCMarkets to better reflect our business ethic, goals and overall working philosophy," states SMPP CEO, Julienne Audette. "This is what we've been working hard to solidify the past few months in order to position us in the markets in line with our accomplishments just before our launch our revolutionary VSP launch. Our work to date now takes us from development to implementation and the Current Information tier will allow for better investor due diligence and accessibility alongside the company's achievements."
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.
Release Prepared by: NMR, LLC
Investor Relations, SMPP
Gerrard Hollister Investor Relations