DMC 12.25 +.39 here HOD, also added GZPN .078 +.003 fell about 50% in the last week...out with news today: GreenZap Prepares Audited Financials for Move to OTCBB
Friday January 6, 10:07 am ET
SAN DIEGO--(BUSINESS WIRE)--Jan. 6, 2006--GreenZap, Inc. (Pink Sheets:GZPN - News; the "Company"), a provider of secure online payment services, announced that it has retained independent auditors to complete the Company's year-end financials. GreenZap expects the audit to be finished and to have commenced reporting with the Securities and Exchange Commission by end of first quarter 2006. Upon completion, GreenZap intends to file the appropriate documentation to seek the quotation of its common stock on the Over-The-Counter Bulletin Board (OTCBB).
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"The Company has been growing very quickly since launching 7 months ago," stated Damon Westmoreland, GreenZap CEO. "We have over 600,000 users and have seen our revenues steadily increase, particularly in the last quarter. I'm excited at the prospect of the company become fully reporting and hopeful of moving to the OTCBB," continued Westmoreland.
About GreenZap, Inc.
GreenZap, Inc., a San Diego, California-based company, enables any business or individual with an email address to send and receive money securely and cost-effectively online. GreenZap is building its network on the existing infrastructure of bank accounts and credit cards to create a global payment system. GreenZap's system resembles PayPal® (eBay's payment processor), except that it charges a flat fee versus a percentage of each transaction, and rewards its members for using GreenZap's services. WebCash, GreenZap's rewards dollar, is an electronic currency that can be exchanged for cash when shopping with specified merchants and can be used to pay GreenZap transaction fees.
Since opening on June 1, 2005, GreenZap has grown to over 600,000 users and based on traffic alone, GreenZap has found itself in the top 1% of websites in the world.
For more information, please visit www.greenzap.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
Contact:
GreenZap, Inc.
Linda Murphy, 858-812-3050
linda@greenzap.com
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Source: GreenZap, Inc. |
