Not sure, saw the volume,UGMI in @0.08, volume up and expecting relisting news according to prior news BAY CITY, Mich. and TORONTO, Feb 09, 2004 (PRIMEZONE via COMTEX) -- Ugomedia Interactive Corp. (name change to Sciax Corporation pending) (Other OTC:UGMI) is pleased to announce that as indicated in the press release dated January 22nd 2004, and in the subsequent 8 K filing on January 27th, 2004, Ugomedia Interactive has hired new auditors Malone and Bailey of Houston, Texas as well as a new group of regulatory compliance specialists, Public Company Management Services of Las Vegas, Nevada.
The Company is aggressively pushing ahead to complete its audit and bring its regulatory filings up to date. It is anticipated (subject to unexpected delays) that the audited statements will be filed in February and that the company will apply to be re-listed on the OTCBB as soon as practical thereafter. The re-listing process could take anywhere from 14 to 60 days (subject to unexpected delays) after the regulatory filings are brought up to date.
About Malone and Bailey
Malone & Bailey, PLLC delivers high-integrity compliance services that provide their clients increased peace of mind. Their team of experienced accounting partners and professionals offer a range of audit and tax services, specializing in serving both small public companies under Securities and Exchange Commission rules and in serving closely held, private clients as well.
About SCIAX
Sciax specializes in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of UGOMEDIA INTERACTIVE CORPORATION.
Sciax is the manufacturer of Wolf Pack, a tactical remote viewing system used by law enforcement and military organizations in North America and Europe. Users include military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc. and Ugomedia Interactive Corporation, which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense optical imaging system earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.
Ugomedia Interactive Corp. (UGMI) Sciax Technology Inc. Sciax America Inc. http://www.sciax.com
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