HUGE PTEL NEWS!!! 15c-211 Accepted by NASD!!! More to follow!
NASD Approves Petel Incorporated 15c211 Filing
Sunday, 10 June 2007
The Board of Petel Incorporated can confirm that Spartan Securities, the Market Maker Sponsor, received approval for the recently submitted 15c211 filing late on Friday 8th June. This upgrades Petel Incorporated from “unsolicited” to “solicited” status on the Pink Sheets OTC exchange.
The approval represents a significant step in the Company’s objective to up list to the OTCBB exchange in the near future.
Attaining "solicited" status gives further confidence to investors and demonstrates the delivery of the published business plan. Exceeding targets,
corporate expansion and NASD approval for the Company's 211 underlines the
progression and the achievements being made by the Company.
The Board would like to thank Spartan Securities for their support in the filing.
CEO David Morton “The approval of our 15c211 submission by the NASD capped another superb week for Petel. We are progressing the merger with the UK Company, rewarding our shareholders with free shares, and now we have achieved a very important step in the process of taking Petel Incorporated onto the OTC Bulletin Boards, which has always been our objective. We will be talking with our advisors this week on how to achieve the next step in the process.”
For an in-depth overview of Petel Incorporated please view the Petel Incorporated Corporate Overview, please click below:
Corporate Overview PDF
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
