Global Poletrusion Group Corp. (GPGC)

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Sebastian River Holdings Announces Current Information Market Tier Filings


http://finance.yahoo.com/news/sebastian-river-holdings-announces-current-172200457.html

Sebastian River Holdings, Inc. (SBRH), a diversified financial holding company, today announced the Company has compiled over two years in financial statements and disclosure records, through the work of Accountants, Management, and the Florida Secretary of State that meets GAAP standards and has entered into an agreement with OTC Markets, Inc. to publish the records on the OTC Markets Disclosure and News Service to satisfy the Alternative Reporting Standard.

The company will be submitting the records for publishing upon completion of the account setup with OTC Markets, Inc. (expected to be completed within the business week). The records in their entirety will bring the company to the "Current Information" tier and remove the "Caveat Emptor" sign to resume quoting of the Company's Common Stock. According to OTC Markets, Inc. the securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to News and Disclosure Service, represented 95% of all the dollar volume traded in the OTC marketplace. The average dollar volume per security in 2011 had averaged significantly higher, for securities that obtained Current Information Status, compared to minimal average dollar amount per security with No Information.

"Fulfilling this obligation was not only important to us in our commitment to transparency and our 'Shareholder Communications Initiative' but, in bringing the company to the largest volume market tier in the over-the-counter markets." Said Dan Benjamin, CEO & Chairman, at a meeting Monday: "This achievement is certainly not where the buck stops; we have now begun progressing engaging specialty Legal Counsel and Consultants in regaining our DTC eligibility."