Thermotek International Retains Accounting Firm to Prepare SEC Filings to Become Reporting Company.Business Editors BURLINGTON, Iowa--(BUSINESS WIRE)--July 13, 2000 Thermotek International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TTKI) announced today that it has retained Terance L. Kelley, a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. to do an audit and file the necessary forms for the Company to become fully reporting. This will pave the way for TTKI to be listed on 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 Electronic Bulletin Board. Mr. Kelley is a member of the AICDA, SEC practice section. Harold Massner, President and founder of Thermotek International said "As promised to our shareholders, we are moving as quickly as possible to secure our OTCBB OTCBB See OTC Bulletin Board (OTCBB). listing. This should significantly help our company gain more exposure, more shareholders, and more liquidity the stock. " On June 28, 2000 Thermotek International shares began trading on the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau Electronic Pink Sheets under the ticker symbol "TTKI." This listing was only intended to be a temporary measure designed to get the stock trading as quickly as possible. In conjunction with an investor relations firm, Thermotek International is currently developing a hard copy investor relations package. These materials should be available sometime over the next several weeks. TTKI has approximately 50 million shares issued and outstanding, with 5 million in the public float. The recent stock price makes the market value of the company approximately $50 million. For more information about TTKI contact Harold Massner at 319-752-8924 or visit the corporate website at http://www.Thermotek.net Forward looking statements in this release are made pursuant to the Safe Harbor 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. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. |
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