Sonoma Releases Statement Regarding SEC Filings
CHICAGO--(BUSINESS WIRE)--April 25, 2000--Sonoma Financial Corporation/Victormaxx Technologies, Inc. (OTCBB:VMAXE - news) one of the largest payday advance operations in the greater Chicago area, announces today that it expects to file with the Securities and Exchange Commission all forms and reports required to be filed by Sonoma prior to May 17, 2000, which is the completion date established by NASD for the group of OTC Bulletin Board companies of which Sonoma is a part.
"Our accounting team and auditors are making every effort to file all requisite reports with the SEC and intend on doing so on or before the May 17 date" said Terry Donati, President and CEO of Sonoma Financial Corporation.
"We remain committed to our business plan and to our shareholders and believe that getting current with our SEC filings will represent a major step forward for this company," continued Donati.
Until such time as the company files the required reports with the SEC, an "E" will follow Sonoma's trading symbol and persons interested in obtaining quotes should use the symbol "VMAXE."
A complete investor package for Sonoma Financial is available at e-relations.com.
About Sonoma Financial Corporation:
Sonoma Financial Corporation operates three subsidiaries, two of which focus on consumer lending and one is a collection agency. Payday Check Advance, Inc. and Money Market, Inc. are financial service companies that operate a chain of stores devoted to providing low documentation, short-term consumer loans. Sonoma intends to become the national leader in the "Payday Loan" market by strategic acquisition and penetrating new markets. E-Star Systems, Inc., is an industry specific collection service addressing the needs of the short-term loan industry. Sonoma Financial is currently the only publicly traded company with a sole focus on `payday advances.' Ace (NASDAQ:AACE), First Cash Financial Services (NASDAQ: FCFS) and Pinnacle Business Management (OTCBB: PCBM), have proven the viability of the concept in other markets, but are not specifically focused in this area. American Nortel Communications (OTCBB: ARTM) is a shareholder.
Safe Harbor Disclaimer:
This release may contain certain forward-looking statements regarding the Company's expected performance for future periods, and actual results for such periods may materially differ. Such forward-looking statements involve certain risks and uncertainties, including but not limited to risks of changing market conditions in the overall economy and the industry, consumer demand, additional financing requirements, the opening of new stores, the success of the Company's acquisition strategy and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
CONTACT: Sonoma Financial Corporation/
Victormaxx Technologies, Inc.
Terry Donati, 847/836-6685 |
