Mortgage Bankers Holding Corp. to Become a Fully Reporting Company Ahead Of April 1998 Deadline
Engages Stokes Kelly & Hinds, LLC as Independent Auditors and F. Thomas Eck, Esq. as Securities Attorney
CARNEGIE, Pa., Dec. 19 /PRNewswire/ -- Mortgage Bankers Holding Corp. (OTC Bulletin Board: MBHC) announced today that it is preparing to fulfill the requirements to become a fully reporting company with the Securities and Exchange Commission by the end of January 1998, two full months ahead of its required reporting deadline of April 1, 1998. To realize this self-imposed deadline, MBHC has engaged Pittsburgh based Stokes Kelly & Hinds, LLC, Certified Public Accountants, to perform an independent audit of the Company's financial statements for filing with the Securities and Exchange Commission.
Additionally, Mortgage Bankers Holding Corporation has retained the professional services of Attorney F. Thomas Eck, III to prepare all necessary, and mandatory SEC filings on behalf of the Company. Attorney Eck limits the primary focus of his practice to the area of Securities Law and has offices in Nevada and California.
Mortgage Bankers Holding Corp.'s Chairman, Raymond P. Sobieralski, stated "although MBHC is not required to become a fully reporting company with the SEC until April 1, 1998 based on the acquisition date of its assets, the Board of Directors of the Company has made the decision to immediately cause the Company's financial statements and other SEC filings to be prepared by competent, licensed professionals and filed directly with the SEC upon completion at the end of January 1998. MBHC applauds the recent announcement by the NASD, parent company of the Nasdaq Stock Market, that it might remove approximately 3,400 OTC stocks from the OTC Bulletin Board. MBHC stands ready, willing and able to immediately comply with and to surpass the necessary SEC filing requirements. By complying with all necessary and mandatory SEC fining requirements, MBHC is positioning itself to make the move from an Over-the-Counter Stock to a Nasdaq Stock."
Mortgage Bankers Holding Corp. is a diversified technology-based financial services company, which, through its subsidiaries utilizes data transfer and exchange to offer a full spectrum of financial and asset management services and products.
Financial Statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earning, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
SOURCE Mortgage Bankers Holding Corp. |
