FinancialWeb.com, Inc. Reports On Progress With Its SEC Filing.ALTAMONTE SPRINGS, FL--(BUSINESS WIRE)--August 11, 1999-- FinancialWeb.com, Inc. announced today that it has filed its response to the comments issued by the Securities and Exchange Commission regarding its Form 10-SB filing, which became effective on June 15, 1999. As of August 6, 1999, FinancialWeb will have a temporary trading symbol Trading symbol See: Ticker symbol of FWEBE. The "E" extension to FWEB's symbol is assigned by the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). as part of a new rule designed to limit quotations on the OTCBB OTCBB See OTC Bulletin Board (OTCBB). to the securities of companies that report under the Securities Exchange Act of 1934. The rule is being phased in between July 1999 and June 2000. FWEB has until September 2, 1999 for its Form 10-SB to clear comments with the SEC. "We believe we have been fully responsive to the SEC, so we hope to clear comments very shortly " said Kevin Lichtman, FWEB's President 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. . In connection with 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. " provisions 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 Company wishes to caution readers that this news release contains certain forward-looking statements made by or on behalf of the Company, and that such forward-looking statements involve risks and uncertainties; and as such, could affect actual results and could cause results to differ materially from those expressed in such forward-looking statements. "Forward-looking statements" are defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specifically, all statements other than statements of historical facts included in this press release regarding the Company's financial position, business strategy and plans and objectives of management of the company for future operations are forward-looking statements. These forward-looking statements are based on beliefs of the Company's management, as well as assumptions made by the information currently available to the Company's management. |
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