Smartek, Inc. Anticipates NASDAQ Listing.NEW YORK--(BUSINESS WIRE)--Nov. 23, 1998--The respective managements of Smartek, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:SMEK) and Ryan's Express Equities Corporation have begun the process to qualify the Company for a full 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 listing. This process includes registering the Company as a fully reporting company with the S.E.C. Merger terms and conditions are being finalized and it is anticipated that a closing is likely by year end. Details describing the terms of the merger are expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. shortly. A spokesperson for Polus, Inc. (OTC BB:POLU), Smartek's largest shareholder quoted, "We are excited about the financial strengths the merger with Ryan's Express Equities Corporation brings to Smartek. Being fully reporting and listed on the NASDAQ brings a greater tangible net worth Tangible Net Worth Total assets less intangible assets and total liabilities. Notes: In terms of a consumer, tangible net worth is the sum of all your tangible assets (cash, home, cars, etc). to our holdings. This will also enhance our efforts to qualify Polus to be listed with NASDAQ." |
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