WTAA Files Form 8-K to Achieve Full OTC Reporting Status
Monday, June 12, 2000 11:21 AM Mail this article to a friend
LAS VEGAS, June 12 /PRNewswire/ -- WTAA INTERNATIONAL INC. (OTC: WTAA, news, msgs) (www.wtaa.com) announced today that, pursuant to the Company's April 17th, 2000 News Release, WTAA has completed a stock exchange agreement with a fully reporting issuer, Tempus Inc. (Wyoming Company) under which WTAA has acquired 100% of the issued and outstanding stock of that company. These two companies have merged, and WTAA, as the surviving corporation, maintains its current trading symbol, CUSIP, corporate name and share structure, exactly as is.
WTAA has filed its Form 8-K on the transactions, complete with audited financial statements. The Company was required to qualify as a reporting issuer by May 17th, 2000 in order to maintain its eligibility on the NASD OTC B/B. As a consequence of the rule changes of March 17th and April 7th, which required the attachment of audited financial statements, the filing of the Company's 8-K was delayed, causing the Company's stock to be temporarily moved to the NQB Pink Sheets. The Company's audited financial statements have now been completed, and upon receipt of approval by the NASD and SEC of the Form 8-K and Form 211, WTAA will have reporting status under Rule 12-g-3 of the Exchange Act and will trade again on the OTC B/B. This process is estimated to require two to six weeks. In the meantime, investors may trade the stock electronically on the NQB Pink Sheets, using the trading symbol "WTAA".
During this interim period of "pink transition," the Company has been moving forward diligently in enhancing both its licensing program ... and its acquisition program. Accordingly, upon achieving reporting status, we expect to be able to systematically announce the accumulation of business milestones that have been accomplished during this "pink period." It is important to note that WTAA has terminated any relationship whatsoever with Access-1 Financial of Santa Monica, CA.
WTAA INTERNATIONAL, INC. (pronounced WA-TAH) is rapidly becoming a leading force within the North American bottled water and licensing industries. The Company has developed an exciting marketing program for distributing its licensed and custom label small packaged bottled water products, including its sparkling mineral water product. WTAA is a consolidator of 5.0-gallon home and office bottled water companies throughout Western North America.
Investor/Media Info: (877) 280-WTAA (9822), E-Mail: investorinfo@wtaa.com; Business Info: (800) 676-0067, Web Site: wtaa.com
SOURCE WTAA International Inc.
CONTACT: investors/media, WTAA International Inc., 877-280-WTAA (9822), investorinfo@wtaa.com; or business info, 800-676-0067 |
