![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, July 31, 2018 6:46:46 PM
News Room
Facebook Twitter Linkedin Share on Google+ Pinterest Print Friendly Share
SOURCE: Platforms Wireless International
Platforms Wireless International
January 29, 2013 08:30 ET
Platforms Wireless International Issues Corporate Status Update
LOS ANGELES, CA--(Marketwire - Jan 29, 2013) - Platforms Wireless International Corporation (PINKSHEETS: PLFM) announced today the company has completed and published its unaudited financial statements through the quarter ending September 30, 2012. The Statements have been submitted to OTC Markets for compliance with corporate information disclosure requirements. The Company has also updated its registration licenses, to place it in a position to capitalize on the value of its significant Net Operating Loss (NOL) carry forward, estimated to be in excess of $72 million. Following the filings, the Company's reporting status with OTC Markets was upgraded to OTC Pink Current Information.
At present, PLFM is considering and pursuing qualified suitors interested in acquiring or merging with the Company to benefit from its $72 million NOL, as well as its experience in emergency response communications system products and technology. The Company has been in communication with several possible merger/acquisition candidates. Preliminary discussions have been held with these companies, but no final decisions or offers have been made at this time.
Considering the current and ongoing changes in the IRS Code, the Company's NOL is, in the opinion of management, a viable and increasingly valuable asset that should prove attractive to qualified suitors. The Company is presently interested in and pursuing an appropriate merger, acquisition, product infusion, strategic alliance, or outright corporate sale.
As developments warrant, the Company will issue further updates on its activities and status.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM