MediQuik Services Inc. Announces Relisting to NASD Over-The-Counter Bulletin Board System.Business Editors/Health & Medical Writers HOUSTON--(BUSINESS WIRE)--Feb. 14, 2001 MediQuik Services Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :MDQK) announced today that it received official approval for re-listing on the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) Electronic Bulletin Board system (OTCBB OTCBB See OTC Bulletin Board (OTCBB). ). The Company received Securities and Exchange (SEC) clearance on its Form 10-SB registration statement in December 2000, and has aggressively pursued re-listing approval with the NASD since that time. MediQuik is now fully compliant with NASD Eligibility Rules eligibility rules, n.pl the conditions that define who may be entitled to dental benefits, when persons first become entitled to such benefits, and any provisions that determine how long an individual remains entitled to benefits. 6530 and 6540, which require OTCBB listed companies to be fully reporting and have an approved registration statement with the SEC. The Company has provided full disclosure of its financial results since June 1999 with guidance from auditors Deloitte & Touche. MediQuik originally filed its Form 10-SB registration statement in August 1999. The statement went through four commenting periods prior to receiving SEC approval. The OTCBB re-listing process required one comment period prior to receiving NASD approval. National Capital of Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , a NASD Market Maker, assisted MediQuik with the re-listing process, and will begin trading the Company's publicly traded securities on the OTCBB beginning Feb. 15, 2001. As previously disclosed, MediQuik has completed a substantial financial transaction with MiraQuest Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private healthcare company with interests in chronic disease management. The transaction required that an independent, third party entity provide a "valuation opinion" relating to the securities transferred between the Company and MiraQuest. Investment banking firm Howard Barker Frazier Elliott of Houston completed the valuation and Company filed its third quarter Form 10Q-SB with the SEC. The Form 10Q-SB indicated sufficient net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". to meet an important listing requirement of 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" Market System. The Company intends to pursue NASDAQ Small Cap listing sometime in the future. In order to pursue NASDAQ Small Cap listing, MediQuik must meet several additional requirements including a minimum bid price of $4.00 per share. With the re-listing on the OTCBB, the Company intends to pursue an aggressive investor public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most campaign to create more awareness of the Company in the investor community. Grant M. Gables, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of MediQuik, stated, "This long awaited approval by the NASD on our Bulletin Board listing is an important milestone for our Company. MediQuik is now well positioned to pursue an effective public relations campaign, thus creating more awareness of MediQuik's efforts in the investor community. Bulletin Board listing will allow us to pursue relationships and coverage with several investment institutions that were previously unavailable to the Company when it traded on the Pinksheets exclusively. I am extremely thankful for the support of our shareholders during this difficult period we spent pursuing the re-listing on the OTCBB." About MediQuik Services (www.mediquik.net) MediQuik Services Inc. (www.mediquik.net), based in Houston, is a growing chronic disease management company providing cost savings to managed care organizations through supply and personal health management, patient education and compliance testing. By providing high quality healthcare resources to the patient, MediQuik's goal is to reduce the cost of chronic disease while improving the patient experience. This press release contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934. Investors are cautioned that all statements included in this release about the Company and its operations, other than statements of historical fact, are forward looking statements. Although the Company believes that forward looking statements contained herein are reasonable, they are based on numerous assumptions, any and all of which could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein will be correct or accurate. The inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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