Castello Becomes A U.S. Reporting Company; Maintains OTC Bulletin Board Listing; Seeks Union With Private Company.TORONTO--(BUSINESS WIRE)--Oct. 5,1999-- Castello Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. Corp. ("Castello") is please to announce that the shares of the company are now fully registered with the U.S. Securities and Exchange Commission ("SEC") under Section 12 of the 1934 Securities Exchange Act. There are other substantial benefits in becoming a U.S. reporting company. The U.S. Congress passed the Capital Markets Efficiency Act of 1996 and pursuant to this law most states allow secondary trading of securities registered under the 1934 Act. Also, to be listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap Exchange a company must have its stock registered. Castello is seeking a merger-acquisition (RTO (Recovery Time Objective) The amount of time a computer system or application can stop functioning before it is considered intolerable to the enterprise. It can be computed to be from seconds to days, depending on how critical the application is to the organization. ) with a private company seeking to "go public" and wanting to enhance its potential for financing. The company must have good management and quantum growth potential. Castello offers a possible tax advantage, large shareholder base in the U.S., Canada and Europe and share price visibility in the public market place. Traded: NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB., Symbol "CCCZ" SEC registered NASD Rule 6530 Compliant Ten market makers. For a copy of the SEC Filing Statement or for further information contact: Ross McGroarty, Chairman: Tel: 416-594-0528 Fax: 416-360-4034 E-mail: overhead@sprint.ca |
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