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Technology Stocks : Solucorp Industries (SLUP - OTCBB)
SLUP 0.000010000.0%Dec 26 9:30 AM EST

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To: ran up who wrote (19)12/22/1997 12:52:00 PM
From: robert a belfer  Read Replies (1) of 3679
 
Solucorp Files Securities Exchange Act of 1934 Form 10SB

WEST NYACK, N.Y.--(BUSINESS WIRE)--Dec. 22, 1997--Solucorp Industries Ltd. (OTCBB: SLUP) announced that on Monday, Dec. 22, 1997 it has filed its Form 10SB, under section 12b of the Securities Exchange Act of 1934.

As a result of the filing, and upon acceptance of it by the U.S. Securities & Exchange Commission, which usually takes at least ninety days, Solucorp will be reclassified as a full reporting company, requiring the submission of its quarterly (10Q) and annual (10K) financial statements.

The voluntary filing of the Form 10 is an integral step in Solucorp's plans to qualify for listing on a national stock exchange.

The foregoing discussion contains forward-looking statements which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects.
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