EXBX SEC Filing Completed for OTCBB Bulletin Board
EXOBOX registered its common stock with the Securities and Exchange Commission effective February 20, 2006 in a move to qualify the Company’s stock for the OTC Bulletin board (OTCBB).
The transparency on the OTCBB will be beneficial to EXBOX in several ways. It will facilitate trading of EXOBOX”s common stock.
It will also increase the number of institutional investors that take positions in EXBOX stock. Further, the OTCBB is registered by the NASD which requires compliance with SEC rules including updated quarterly financial filings. The OTCBB better positions the Company to move to regulated exchanges should the Company wish to do so in the future.