AWT, Inc. to Apply for OTC: BB Listing in 2007
15 October 2007 - 10:52PM
PR Newswire (US)
SOMERSET, N.J., Oct. 15 /PRNewswire-FirstCall/ -- Advanced Wound
Technologies-MidAtlantic, Inc. ("AWT") ("the Company") (Other OTC:
AWTM.PK) announced that as part of its Corporate Growth Strategy,
the company intends to apply for listing on the Over-The-Counter
Bulletin Board in 2007. A listing on the OTC: BB should provide the
company greater liquidity, increased access to capital markets,
increased exposure of AWTM common stock, and greater transparency
for shareholders. As AWT continues to execute its growth strategy
for 2007 and 2008, management believes the Company is well
positioned to become a leader in specialized equipment for the
wound care segment of healthcare. CEO Christopher J. Neill
commented, "As expected, the move from the Pink Sheets to the
Over-The-Counter Bulletin Board can be a demanding undertaking, but
we're committed to the objective of creating additional value for
our shareholders. With an aggressive acquisition and roll-up plan
already in place, and our expansion operations at increased levels
from 2006, we feel that the time is right for our company to begin
the process of registering for listing on the OTCBB. We continue to
thank our shareholders for their support." About AWT, Inc: AWT,
Inc., with Distribution centers in the USA and Saudi Arabia, is a
rapidly expanding durable medical equipment and supply company. It
distributes state-of-the-art medical equipment, as well as general
supplies, to the healthcare industry. AWT, Inc. is committed to
traditional personal service in healthcare and cost efficiencies
for clients, providing superior service and products to the
healthcare world at the lowest possible price. It is equally
committed to always exceeding customer expectations and to
increasing shareholder value. Safe Harbor Statement: Safe Harbor
Statement: The Private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking information made on the
company's behalf. This press release contains forward-looking
statements. The words or phrases "may," "intends," "expects,"
"estimate," "indicate," "plans," "anticipates," "could," "if,"
"will," "should" or similar expressions are intended to identify
"forward-looking statements." Such statements include those
concerning our expected financial performance, our corporate
strategy and operational plans. Actual results could differ
materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties, including: (a)
our ability to obtain financing in a timely manner and on terms
favorable to us, (b) our ability to completely develop our business
model, (c) the amount and timing of operating costs and capital
expenditures relating to the expansion of our business, (d) the
successful implementation of marketing programs directed to
potential customers, (e) the ability to identify, negotiate,
secure, fund and close potential acquisitions, (f) the ability to
identify and enter into favorable strategic alliances; (g) the
marketing and sales efforts of our competitors; (h) changes in
various sectors that affect our industry and (i) general economic
conditions. Statements made herein are as of the date of this press
release and should not be relied upon as of any subsequent date.
AWT cautions readers not to place undue reliance on such
statements. Unless otherwise required by applicable law, AWT does
not undertake, and AWT specifically disclaims any obligation to
update any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date
of such statement. DATASOURCE: Advanced Wound
Technologies-MidAtlantic, Inc. CONTACT: Christopher J. Neill of
AWT, Inc., +1-732-246-2330, Web site: http://www.awtmid.com/
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