Remedent USA Inc. Files Form 10-SB with the SEC to Become Fully Reporting.Business Editors ESCONDIDO, Calif.--(BUSINESS WIRE)--Feb. 17, 2000 REMEDENT USA INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :REMM REMM Reliability Enhancement Methodology and Modeling REMM Requirements Engineering Meta Model ), manufacturer of REMEDENT tooth and gumbrush (&uot;Remedent&uot;), announced today that the company has filed its Form 10 registration statement with the United States Securities and Exchange Commission (SEC) on Jan. 24, 2000. &uot;I am very pleased that Remedent's Form 10-SB was filed with the SEC,&uot; said Rebecca Inzunza, president and chief executive officer. &uot;The process of filing the Form 10-SB was a long and demanding task, but we're excited about having audited financials, becoming fully reporting and starting the New Year focused on achieving our business objectives.&uot; Prior to filing the Form 10-SB, the company was not required to deliver annual reports to its shareholders. Remedent will become fully reporting under the Securities and Exchange Act of 1934, upon effectiveness of the Form 10-SB registration statement. The company anticipates to clear comment with the SEC in the 30-day period. The company will also be obligated to file annual and quarterly reports with the SEC upon effectiveness of its registration statement. The company notes that 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). ) will affix an &uot;e&uot; to the Remedent USA symbol (REMME) to indicate that the company runs the risk of being delisted effective March 24, 2000, if it has not obtained fully reporting status before that time. This registration establishes a public file containing material, financial and business information on the company for use by investors, and also creates an obligation on the part of the company to keep such information current by filing periodic reports. You can continue to check the Nasdaq quote system for up to the minute quotes after the Feb. 28, by only adding an &uot;E&uot; to the trading symbol REMM. As of January 2000, Remedent's marketing company, Double Eagle launched a market expansion program for Remedent Tooth &Gumbrush in the Pacific Northwest. The goal is to achieve 70% all commodity volume (ACV ACV abbr. 1. actual cash value 2. air-cushion vehicle ) by April 1, 2000, this will allow Remedent to effectively concentrate on radio media with the Rush Limbaugh show by April 15. Forward-looking statements in this release are made pursuant to the &uot;safe-harbor&uot; 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. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the company's need for additional financing, intense competition in various aspects of the company's business, the risks of rapid growth, dependence on key personnel, product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. and/or lack of market acceptance, and other related factors. Investors are cautioned that such forward-looking statements involve risk and uncertainties. |
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