CXN/Bio-Tracking files Notification of late Filing of its Quarterly Report.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 17, 2004 China Xin Network Media Corporation, the parent company of Bio-Tracking Security Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CXIN) filed today a Notification of Late Filing for its current quarterly report. Mr. Michael Tremis, the newly appointed President, Chairman and 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 CXN CXN Checkerboard Nightmare (web comic) filed the notice seeking more time to complete certain elements of the 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound filing. The filing will be submitted on or before February 20, 2004. Mr. Tremis further elaborates: " Since my appointment as President, Chairman and CEO of CXIN on January 29, 2004, I have, diligently engaged myself in several positive business negotiations for your Bio-Tracking subsidiary. My decision to temporarily delay the 10QSB current quarterly, will allow me to properly and sincerely fulfill my regulatory obligations as Chairman, CEO and President of your Company, thus enabling me to provide to all shareholders a disclosure of the current and prosperous future events." 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. STATEMENT Safe Harbor Statement under 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 statements, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitation, demand and competition for the Company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from its operations and the ability of the Company to manage its operations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion