Board of Directors Vote to Revert to Fully Reporting Status and to Apply to Re-Instate the Shares of ParaFin to Trade on Bulleti
16 March 2010 - 2:55AM
Marketwired
ParaFin Corporation (PINKSHEETS: PFNO): The Board of Directors have
voted to become fully reporting and to apply to re-instate the
shares of the Corporation to trade on the Bulletin Board. In
January, 2008, the Corporation went non-reporting on the advice of
Counsel and the shares of ParaFin then traded on the Pink OTC
Market under the symbol PFNO.PK.
While ParaFin shares were listed for trading on the Bulletin
Board from 1982 to 2006, the Corporation filed all Annual reports
(now 10-KSB) and filings, with Audited Financial Statements, and
all Quarterly reports (now QSB). The last 10-KSB with Audited
Financial statements filed by ParaFin Corporation with Edgar was
for the year ending September 30, 2006.
The Financial statements for 2007, 2008 and 2009 have been
prepared by Management but have not been Audited. Once the
Financial Statements have been Audited, 10-KSB's and 10-QSB's for
the years 2007, 2008 and 2009 will be filed with Edgar. When the
10-KSB's and 10-QSB's have been accepted for filing by Edgar,
ParaFin Corporation will then apply to have its shares re-instated
to trade on the Bulletin Board.
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications that may arise could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The company cautions that these forward looking statements
are further qualified by other factors including, but not limited
to those, set forth in the companys Form 10-KSB iling and other
filings with the United States Securities and Exchange Commission
(available at http://www.sec.gov/). The company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise.
ParaFin Telephone: (213) 985-3136 e-Mail: ceo@parafincorp.com
www.parafincorp.com
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