IJJ Corp. Announces a Resolution to Rescind Rule 504 of Regulation D, at the End of Its Fourth Quarter Filing
17 November 2011 - 11:47AM
Business Wire
IJJ Corporation (IJJC) (Pink Sheets: IJJP) is pleased to
announce the Board of Directors voted unanimously to submit audited
financial statements for the 4th Qtr. This new Board of Directors
action will change IJJ Corporation reporting status from OTC
Current Information to OTCQB bringing the company in compliance
with Federal Securities Act of 1933. IJJC’s Board of Directors
resolution executes the initiatives to move IJJC from a development
stage company demonstrating its commitment to improving its market
position for its shareholders and investors in the near future.
This Corporate action is effective within 30 days from filing
audited financials and before the end of February 2012, to change
our D filing status from Rule 504 of Regulation D (Small Company
Offering and Sale of Securities Without Registration) to Rule 506
of Regulation D, which allows the company to raise an
unlimited amount of capital, as long as the company satisfies
several stringent guidelines one of which is purchasers receive
restricted securities, which may not be freely traded in the
secondary market after the offering. This action will provide
current and future shareholders with complete transparency and
confidence in the months to come.
This change is in parallel with the occurring corporate actions
that have occurred over the last 60 days, from refocusing IJJC to a
disaster preparedness and readiness enterprise application and
communication service provider, appointing additional board members
with specialized operation management and legal skill sets and
changing its SIC to Manufacturer. With Mr. Anthony L. (Tony)
Washington, Esq., and Mr. Oscar O. Lawson coming on as new board
members, forecasting potential earmarked business standing at $18
million, the timing to become a fully reporting company is a
tangible business decision.
“I am excited about the IJJC management team capabilities to
bring the company to the forefront in the disaster preparedness and
readiness industry. IJJC was a fully reporting company in 2007 and
this upward movement shows our determination to improve the overall
marketability and IJJC’s position as a viable public trading
company,” stated Clifford Pope, President, and CEO of IJJ Corp.
About IJJ Corp.:
IJJ Corp. is a Diversified Technologies company focused on
developing high-tech solutions for government and private sectors
to facilitate rapid decision making through rapid information
gathering and processing. The Company's technologies include Rapid
Voice, Data and Video Conferencing Solutions; Disaster Shelter
Management and First Responder Systems; Mobile Disaster Management
Systems, IT Management and Consulting Services, Secure Data Center
Services, Network Operation Centers and Enterprise Management Power
Suites. The Company's objective is to continue to develop and
integrate services and products in order to provide the most
comprehensive, cutting edge and turnkey solutions to its
clients.
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
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