Yes Frank there were high hopes expressed along these lines. I haven't touched on those discussions because they are entirely forward looking and basically require the company itself to issue all kinds of disclaimer statements. You have listed the nasdaq requirements. Let me touch on the first step.
RDIM hopes to file a form 10 soon to become fully reporting. Let me get you an example of what that press release might read like when it happens from another company which I follow, EVDS (OTC BB .75):
Environmental Digital Services, Inc. Announces 1999 Exhibition Schedule, Commences Form 10 Registration Process
Company to Exhibit in 32 National and Regional Shows
PALM BEACH GARDENS, Fla., Jan. 11 /PRNewswire/ -- James P. Crehan, Sr., Chairman of the Board of Environmental Digital Services, Inc. (OTC Bulletin Board: EVDS - news; EDSi), a publicly traded high technology-based provider of underground tank monitoring, leak detection and risk management solutions, has announced the 1999 schedule for the Company's participation in industry regional and national trade shows. The Company has again decided to heavily invest in marketing their products and services in such venues as the national conventions and exhibitions of such groups as the National Association of Convenience Stores, American Trucking Association, Service Station Dealers of America and numerous regional petroleum marketing shows. New displays for 1999 all include working examples demonstrating the Company's technology.
Mr. Crehan has also announced that a CPA firm has been retained to produce audited financial results for fiscal 1998. These results will also be utilized by the Company's legal advisors in filing a ''Form 10'' with the Securities and Exchange Commission so as to assure the Company's compliance with the requirements of changes to SEC Rules 6530 and 6540, the ''OTC Bulletin Eligibility Rule,'' as adopted on January 4, 1999. Mr. Crehan anticipates that this submission will be made within the next 90 days, well within the requirements of the amended rules.
SOURCE: Environmental Digital Services, Inc.
I am hoping EVDS investors will see news on EVDS's initial CAPSCAN sales soon.
Regards, Jeff |
