*** HouseHold's SEC Attorney Issues Statement on Filing and 30 Day Extension
The following is a direct statement from Craig Ongley of McCue & Lee P.C., HouseHold Direct's SEC Attorney who is handling the drafting and submission of the Form 10:
I have been asked by John Folger to provide insight into the status of the filing of the Form 10 for HouseHold Direct.com and make some statements of clarification to stockholders.
First, the filing is expected to be completed within the next week or two. The only thing currently delaying its completion is certain historical financial information required by the auditors due to the PCS acquisition.
Second, I have been asked to clarify the review process and the "E" status. Apparently many do not realize that the SEC is working hard to review filings of companies that are near their reporting deadline. We are also being very diligent in our draft in an attempt to minimize any questions that the SEC may have. If comments do arise from the SEC, we plan to satisfy their requests within 48 hours.
There will most definitely be an "E" added to HouseHold Direct.com's ticker symbol on February 23, 2000, but it signifies nothing other than the designation that the Company is within 30 days of its scheduled compliance date.
Third, and perhaps of significance to stockholders who are concerned about the deadline, is the 30-day extension that is granted by the OTC/BB Exchange. Even though the deadline for HouseHold Direct.com (based on the alphabetical position of RDI Marketing, their former name) is March 23, 2000, it should be noted that the exchange grants a 30-day extension to allow the SEC and the Company to complete the compliance process. While there can be no assurance that HouseHold will comply with the exchange requirements, we believe that the April 23, 2000 date will provide ample time for HouseHold's filing to be completed successfully, and receive a "PASS" rating from the SEC and the Exchange. The "E" will then be removed within typically 24-48 hours.
Respectfully,
Craig Ongley
McCue & Lee P.C.
CONTACT: Investor Relations - SmartStockAdvisor.com,
Toll Free: 877-643-8821, E-mail: smartstockadvisor@yahoo.com
Web Site: 1stnettech.com
SmartStockAdvisor.com
Disclaimer: SmartStockAdvisor is a compensated agent of HouseHold
Direct.com, Incorporated. Please see the following link for the complete
disclosure: Message 12362141 |
