SLON...NEWS
Press Release Source: Salon City, Inc.
Salon City Inc. Reports Banc of America Securities LLC Filing of Form 211
Thursday December 13, 9:00 am ET
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Salon City, Inc. (OTC:SLON - News) reported today that Banc of America Securities LLC (BAS) has filed a Form 211 with the Financial Industry Regulatory Authority (FINRA). The form states that BAS has been, and will continue to be, a Salon City market maker for SCI securities as SLON begins trading on the Over The Counter Bulletin Board.
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FINRA received the filing yesterday, after Salon City, Inc. announced on Dec. 10th that it had been cleared for OTCBB uplisting by the Securities and Exchange Commission.
Salon City, Inc. president and CEO, Steven Casciola, noted, “We’re so pleased that Banc of America Securities LLC, which has been a Salon City market maker for one year, has determined SLON’s securities are stable and liquid enough to file on our behalf.”
Banc of America Securities is the investment banking arm of Bank of America. Along with its UK affiliate, Banc of America Securities Limited, BAS offers trading and brokerage services; debt and securities underwriting; debt and equity research; and advice on public offerings, leveraged buyouts, and mergers and acquisitions. Specialty units focus on prime brokerage, commission management, derivatives, and securitization services. Banc of America Securities' clients consist of corporations (including many Fortune 500 firms), institutional investors, hedge funds, and government entities.
FINRA’s compliance department is expected to respond shortly as to when trading can commence.
ABOUT SALON CITY, INC.
Salon City Inc., the leading media company for beauty entertainment and the first to brand the genre, publishes Salon City magazine, where Life is Beautiful(SM). It is distributed nationally by Time Warner Retail, a Time Warner Company (NYSE: TWX), and internationally by Kable Distribution Services, an AmRep company (NYSE: AXR), in 31 countries.
Visit www.saloncity.com or email SLON’s IR Department: info@saloncity.com. Weekly conference, Thursdays at 4pm EST. - 605-725-1900, Code: 010405.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
Contact:
Salon City, Inc.
Steven G. Casciola, President and CEO, 310-402-2819
or
Renee Simone, Media Communicatio
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