MTRE News......
February 12, 2009 - 1:16 PM EST
MTRE 0.24 0.05
MTRE Files Quarterly Financial Report
Reconfirms Business Plan
ROWAYTON, CT -- (Marketwire) -- 02/12/09 -- Market & Research Corp. (OTCBB: MTRE) today announced that it has filed its latest Quarterly Report on Form 10-Q. Gary Stein, President, commented, "In accordance with recent events, we can now proceed with the financing of our acquisition targets."
Mr. Stein added, "This is an exciting time for us. As noted in our recent filings, we expect that each of the three acquisition targets remain committed to the business plan. The combined synergies of these companies and the leadership provided by us is intended to enable us to create a national organization. Despite the extraordinary economic conditions the country finds itself in, the financial community has continued to show a willingness to work with us."
Martin Licht, Executive Vice President, closed comments by stating, "We thank our shareholders for remaining patient and supporting us. We had not anticipated the exorbitant length of time we continue to expend to achieve our stated goal and we thank you all for your loyalty while the necessary steps are being completed. Announcements in support of our business plan will continue to be issued as we proceed. Our new website is currently under design."
About Market & Research Corp. ("MKRC")
MKRC currently has agreements to acquire Precision Opinion, InMarketing and Quantum.
About Precision Opinion
Precision, which is to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About InMarketing
InMarketing, which is to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. InMarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, which is to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact for further information:
Gary Stein
steincorp007@gmail.com
Source: Marketwire (February 12, 2009 - 1:16 PM EST)
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