Classified Online.com Announces Name Change to Xramp Inc. New Symbol - OTCBB:XRMP -.Business Editor/High-Tech Writers PORT ST. LUCIE St. Lucie may refer to:
Classified Online.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLOL) announced today that the company has officially changed its Company name and listing to "Xramp, Inc." with a new trading symbol Trading symbol See: Ticker symbol of XRMP on 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. Exchange. The name change comes on the heels of talks for a joint venture agreement to establish a net service company in the Shenzhen province of China. Management for the company is of the belief that the newly formed entity will better reflect proposed projects moving forward as an acquisition and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business business model, rather than focusing solely on the portal classified advertising site on the World Wide Web at http://www.classifiedonline.com. The proposed joint venture agreement between Xramp and Shenzhen province would create a Sino-American joint venture with Shenzhen Industrial Co., an import and export company of finished goods, raw materials and agricultural products between China and forty-two different countries. Additionally, a cooperation proposal was also signed by Shenzhen Enterprises Association of Foreign Processing and Assembling and Classified Online.com, which could result in the joint venture agreement between the companies. Xramp Inc. through its proposed web site would host a combined e-commerce and B2B site for approximately 15,000 members of the association engaged in manufacturing on Mainland China. Xramp.com expects to be able to represent these manufactures in the marketing of their products in both the U.S. and abroad through the B2B Internet venture. 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 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 are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control, delays in development and testing of products, and fluctuations in demand for the products and services of the Company. |
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