Amstar Announces Plans to Become Fully Reporting Company.HOUSTON -- Amstar Financial Holdings, Inc. (Pink Sheets:AFLH) announces plans to file a Form 10 registration statement, which will make it a fully reporting company. After approval by the SEC, the Company hopes to complete the final steps necessary to become an Over-the-Counter Bulletin Board stock company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). ). This filing process is one of the major steps in doing so. Once approved, the Company will be required under the Security Act of 1934, as amended, to file quarterly and annual reports with the SEC. While there can be no assurances that Amstar Financial Holdings, Inc. can meet all of the requirements, it is management's desire to become fully reporting. The Company will begin to complete the process as expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex as possible. Howard Wayland, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amstar, commented, "While I applaud the changes made by Pink Sheets to make additional disclosure requirements, I believe that the next step in our forward-moving process is to become fully reporting with the SEC." Even though management believes it will become fully reporting, no guarantee can be made regarding a favorable decision by the SEC in this matter. About Amstar Financial Holdings: Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company. Amstar currently employs approximately 600 people and is licensed to operate through branch offices in 31 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Statements regarding financial matters in this press release other than historical facts are "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 section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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 company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors 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 thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. |
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