SPZI NEWS
Spooz, Inc. to File Form 10
Thursday May 15, 8:00 am ET
CHICAGO--(BUSINESS WIRE)--Spooz, Inc. (Pink Sheets: SPZI - News) is pleased to announce commencing preparation of a Form 10 to file with the Securities and Exchange Commission. The filing is intended to transition the Company to become a “fully-reporting” company pursuant to the Securities Exchange Act of 1934, as amended. Becoming a “fully-reporting” company is a pre-requisite for the Company to trade its shares on the Over-the-Counter Bulletin Board (OTCBB) along with the filing of an Information Statement by a market maker with the Financial Industry Regulatory Authority.
Pursuant to these rules, once we are a “fully-reporting” company, Spooz will be required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, and otherwise comply with all listing and disclosure requirements of the U.S. securities laws.
"We have completed our audited financials in a first step to uplist to the OTCBB and we are ready to take the next step,” stated Paul D. Strickland Jr., CEO of Spooz, Inc. “Although we cannot provide any assurances as to the timing of the Form 10 filing, or the subsequent listing on the OTCBB, we believe that uplisting to the OTCBB enables us to better market our product lines and expand our distribution channels. This event is essential to increase shareholder value. Our goal is to position the Company in a manner that will make us an attractive investment for both our business partners and shareholders. The Bulletin Board is the first step as we execute our business plan to bring real value to all our shareholders."
Additionally, Spooz is pleased to announce a date to hold our annual shareholder’s meeting. The meeting will take place on Thursday, June 12, 2008 at 4:00 PM CDT. The place of the meeting will be the Spooz corporate offices at 29 South LaSalle Street in Suite 1250, Chicago, Illinois 60603.
