SCS Solars Files Form 20-F Registration With S.E.C.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 5, 2000 SCS Solars Computing Systems Inc. (C.SCS) today announced it has filed Form 20-F registration statement with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission (SEC). The Form 20-F allows foreign corporations to register securities with the SEC pursuant to Section 12 of the Securities Exchange Act of 1934. SCS Solars's registration of its stock will allow its shares to be solicited and traded by licensed broker-dealers in the United States in compliance with Securities and Exchange Commission regulations. The effective registration statement also moves SCS Solars closer to eligibility for listing its stock on a U.S. stock exchange or market. "The Board of Directors initiated the SEC filing to allow SCS Solars to gain access to the U.S. securities market," said Frank Wells Frank Wells (March 4, 1932 - April 3, 1994), was an American entertainment businessman. Previously, Wells had worked for Warner Brothers as its Vice President of West Coast in 1969, then in 1973 as President, and in 1977 as Vice Chairman until he left the company in 1982. Chairman. "With recent corporate developments, a Form 20F filing is an appropriate and progressive step for the Company at this time and will help our on-going efforts to maximize shareholders value. As a leading Travel Network Distributor with the majority of our income currently coming from the U.S., it is important to have a presence among U.S. investors." SCS SOLARS Computing Systems Inc. is the developer and provider of the SOLARNET SOLARNET Solar Archive Network (Italy) Travel Network, a system of proprietary software solutions that help improve the productivity and profitability of travel vendors world wide. SOLARS is a public company, trading on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (CDNX CDNX See Canadian Venture Exchange (CDNX). ) under the symbol SCS. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy of this release. |
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