HitCom Submits Form 10-SB to Become an SEC Reporting Company
Prerequisite for NASDAQ Eligibility Completed Last Friday
ST. LOUIS--(BUSINESS WIRE)--March 30, 1998--HitCom Corp. (NASDAQ/OTC: HICO - news), a facilities-based telecommunications company with headquarters in St. Louis, announced that it submitted Form 10-SB to the SEC on Friday, March 28.
The Form 10-SB filing is required by the SEC to become a ''reporting company.'' Accordingly, HitCom will now file quarterly (10Q) as well as annual reports (10K) with the SEC.
''This is a significant milestone for HitCom Corp.,'' said David Parks, HitCom executive vide president & CFO. ''This filing displays HitCom's continuing commitment to rapid expansion and increasing shareholder value.''
HitCom's management has set a goal to become listed on the NASDAQ Small Cap Market. The ''reporting company'' status is a prerequisite to be eligible for NASDAQ.
About HitCom
HitCom, with headquarters in St. Louis, is a facilities-based telecommunications company that provides enhanced communication services and technologies to businesses and consumers in the United States and Canada.
Specifically, HitCom focuses on designing, developing and marketing Interactive Voice Response/Voice Processing Services, Prepaid/Postpaid PhoneCards and PhoneCard Platform Services, Internet Connectivity Services, IP Telephony Services and other Emerging Communications Services. HitCom markets its products and services through its subsidiaries One Plus Marketing Inc. and its current acquisition, Channel Telecom Inc.
HitCom is traded on the NASDAQ Stock Exchange OTC Bulletin Board under the symbol HICO. HitCom can be found on the worldwide web at www.hitcom.com.
Statements contained in this news release regarding expected financial results and other planned events are forward-looking statements, subject to uncertainties and risks, including, but not limited to, the demand for HitCom's products and services, and the ability of the company to successfully implement its strategies, each of which may be impacted, among other things, by economic, competitive, or regulatory conditions.
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Contact:
HitCom Corp., St. Louis
Anthony W. Hitt, 314/231-1000, ext. 801
ahitt@hitcom.com |
