VCOR Huge Uplist News could be .01 by new year
Vencor International Hires LAR Law Group PC to Initiate Uplisting Process to OTCQB
Company Plans to File S-1 Registration Statement
BOULDER, CO, Dec 04, 2014 (Marketwired via COMTEX) -- VENCOR INTERNATIONAL, INC. (OTC PINK: VCOR) announced today that the Company has retained Lorin Rosen, Esq. of LAR Law Group PC to initiate the process of transitioning the Company from the OTC Markets Pink Sheets to the OTCQB by filing an S-1 Registration Statement with the Securities & Exchange Commission. In addition to registering shares of stock under the Securities Act of 1933, as amended, a Form S-1 filing also provides comprehensive information about the capital structure, financial condition, history and governance of the Company.
Vencor International is in the business of providing torrefied wood pellets to customers around the world. Torrefied wood pellets are made from timber field waste using a process called torrefaction. Torrefied wood pellets are a renewable energy source that can replace traditional coal.
The Company recently announced that it has cleared over six million dollars of debt from its balance sheet. Today's announcement signals management's intent to provide additional transparency to the investment community as it works toward completing its audit and meeting the other listing requirements for trading on the OTCQB.
James Gaspard, CEO of Vencor International, Inc., stated, "This is the next step in our rebuilding process. We have a lot of opportunity on the operations and marketing side of our business. Becoming fully audited and reporting will provide us with more opportunities on the financial side of our business and will also provide our shareholders with a much more robust trading platform."
The Company has a Shareholder Conference Call scheduled for Monday, December 15, 2014 to discuss current and future business.
For more information about Vencor International, Inc., visit the Company's corporate website: vencorintl.com.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT:
Vencor International, Inc.:
303-476-9998
Email Contact
vencorintl.com
@vencorintl
SOURCE: Vencor International
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