Eeeks....we're off to the pinks.
MegaChain.com Securities Will Commence Trading On "Pink
Sheets" on December 2, 1999
Wednesday December 1 10:02am
Source: BusinessWire
VANCOUVER--(BUSINESS WIRE)--Dec. 1, 1999--Tom Lavin,
President of MegaChain.com Ltd., announced today that the Company
has been advised, by virtue of the fact that it is no longer a reporting
issuer with the Securities and Exchange Commission ("SEC"), its
shares will no longer be eligible for OTC Bulletin Board service,
effective on the close of business, December 1, 1999.
The Company has undertaken all required steps to become a fully
reporting issuer and has registration currently pending with the SEC.
An Exemption Request Form has been filed with the OTC Compliance
Unit, under rule 15c2-11, which permits Broker/Dealers to continue to
provide quotes for the stock while the Company responses to the SEC
comments are being reviewed.
The Company's securities will commence trading on the "Pink Sheets"
effective December 2, 1999. The Company anticipates that it will
re-commence trading on the OTC Bulletin Board once it has a cleared
registration statement with the SEC. The Company has filed a
registration statement and is at present, engaged in responding to
SEC comments. The Company hopes to clear registration in a timely
manner.
MegaChain.com has created an Internet based Ecommerce software
that combines `opt-in' referral email with a multi-tiered structure that
allows anyone with an email account the opportunity to earn
commissions by forwarding advertising incentives to friends, relatives
and business associates.
MegaChain.com conducts its business internationally via the Internet at
www.megachain.com The Company's corporate offices are located at
34 West 8th Avenue, Vancouver, British Columbia, Canada V5Y 1M7,
telephone 604 873-3847, fax 604 873-4295. For further information
contact Tom Lavin at 604 873-3847, email; info@megachain.com.
Cautionary Statement Under `Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995: Statements made in this fact
sheet contain information about the Company's future business
prospects. These statements may be considered "forward looking" and
are subject to risks and uncertainties that could cause actual results to
differ materially from those set forth or implied by such forward looking
statements.
Cautionary Statement Under `Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995: Statements made in this fact
sheet contain information about the Company's future business
prospects. These statements may be considered "forward looking" and
are subject to risks and uncertainties that could cause actual results to
differ materially from those set forth or implied by such forward looking
statements. |
