ALFN -watch the price drop next week because of the "E" only to recover as it approaches August 7th impact date! This de-listing scare creates opportunities.
Alottafun! Inc. Announces Symbol Change Until Fully Reporting
MILWAUKEE--(BUSINESS WIRE)--July 2, 1999-Alottafun! Inc. (OTC BB:ALFN - news) announced today that its symbol will change on July 8, 1999 to ALFNE.
As Alottafun! is not yet fully reporting, under the new rules promulgated by the NASD, it has thirty days to complete the reporting process with the SEC or the company will be de-listed. Michael Porter, CEO of Alottafun! stated that the company and its lawyers are diligently working with the SEC to complete their registration. 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 public information current by filing periodic reports on Forms 10-Q (Quarterly Report) and 10-K (Annual Report), and on current event form 8-K, as applicable.
``We anticipate that the registration process will be complete by August 7,' said Mr. Porter. ``The Company has taken all necessary steps to comply with the new regulations. Because our company starts with `A', we are one of the first companies to be treated under the new law. Though we have filed to become a fully reporting company, the SEC has not fully approved our paper work, and the NASD has taken the position that we have not complied with their rules. We are working diligently with the SEC to insure that we have complied fully with their reporting requirements and that any changes are made as quickly as possible,' continued Porter. The effect of de-listing is that the company would be listed on the pink sheets, but would be re-listed on the OTC BB, upon SEC approval.
Alottafun! Inc. is a toy manufacturer and marketer with an extensive product line, including tea sets, cook sets, toy appliances, housekeeping toys, games and puzzles, books, plush toys, purses and ride-on cars, which are distributed by leading toy retailers like Toys R' Us.
For more information, contact The Point Group, Inc. at 888/272-1249 or www.pointgroupinc.com.
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Contact:
The Point Group, Satellite Beach, Fla.
Gary Trump, 888/272-1249 |
