Business
Bourque Industries Releases Update to Shareholders
Bourque Industries Releases Update to Shareholders.
About this update from Bourque Industries, Inc.
[{"type":"text","content":"Update Includes Plans for Future Fully Reporting Status, Removal of DTC Chill Efforts, Prospective Funding, Introduction of New Product, Growth Strategy, Management Team Changes\nTucson, AZ April 12, 2013 -- Bourque Industries (Pink Sheets: BORK), an advanced materials science company that develops and produces metal alloys and related product applications using our revolutionary metal-alloying process, Kryron, announced today that the Company has updated shareholders on the corporate side of the business on the Company’s website at http://bourqueindustries.com/latest-news-press-releases. The update includes the following items: \n· Plans for Future Fully Reporting Status\n· Effort to Removal of DTC Chill\n· New Corporate Initiatives and Task Forces\n· Prospective Funding\n· New Product Launch\n· Growth Strategy \n· Management changes \n· JBT Contract\n \nFully Reporting Status\nThe order of events that we have to go through to become a fully reporting Company is as follows:\n1. Complete and File a SEC Form 10, and clear with the SEC\n2. Prepare and submit Audited financials to accompany the Form K\n3. File a 15c211 with a market maker to move to the OTCBB\nAt the direction of the new Board of Directors, we have re-initiated work toward becoming a fully reporting company. We can give no definitive timeline, but suffice it to say, we have begun an internal audit process and look forward to completing and filing a Form 10 as required for Fully Reporting status as soon as practical.\nRemoval of the DTC Chill\nLast year, Bourque Industries was designated Trade for Trade and exited from the DTCC’s Continuous Net Settlement System (CNS), in management’s view without reason or justification. We have filed various documents with DTCC and are in a dialogue wit...