2Energia To File For OTC-BB Listing.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--Feb. 20, 2003 2Energia Inc. ("2Energia") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TWEN TWEN The West Education Network ) is pleased to announce that the Company has retained independent legal and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , with special expertise in security matters, to assist in the preparation and filing of a Form 10-SB with the U.S. Securities and Exchange Commission ("SEC") as part of the application process for moving the Company's public listing off of the Pink Sheets and onto the Over-The-Counter Bulletin Board Exchange (OTC-BB). The company's decision to apply for a Bulletin Board listing is based upon 2Energia's desire to be fully reporting, validate its revenues and earnings, and give investors the confidence to continue supporting the company. The company expects the transition from the Pink Sheets to the Bulletin Board to result in a substantial increase in volume and a subsequent increase in share price based upon the continued growth of 2Energia. The Company's Board of Directors will provide further information to shareholders as these, and other corporate milestones, are achieved. Overview of the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. The OTC Bulletin Board(R) (OTC-BB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information for more than 3,600 equity securities. OTC-BB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs), and Direct Participation Programs (DPPs). Market makers are required to report trades in all domestic OTC-BB equity securities within 90 seconds of the transaction. Companies listed on the OTC-BB are considered to be "fully-reporting" with the SEC, and are required to make regular (quarterly) filings of their financial statements, as well as full, complete and immediate disclosure of all material corporate events. Additional information concerning the OTC-BB and its listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. can be found at: http://www.otcbb.com/ About 2Energia 2Energia is a rapidly-growing total solutions provider, offering staffing and long-term contract consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in the following specialty areas: Information Technology, Technical Services, Software/Programming and Call Center Services. 2Energia strives to achieve clients' business objectives through the appropriate use and implementation of technology. 2Energia's management team brings more than three decades of application management experience and proven track records of building successful and profitable IT consulting and technical firms This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (the "Act"), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words "plan", "confident that", "believe", "expect", or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by the Act. Such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company's actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of production, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks. |
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