Business
PSIQ Files Form S-1 as First Step to Becoming an SEC Reporting Company and Uplisting to OTCQB
PSIQ Files Form S-1 as First Step to Becoming an SEC Reporting Company and Uplisting to OTCQB.
About this update from Profile Solutions Inc
[{"type":"text","content":"\nSUNRISE, Fla., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Profile Solutions, Inc. (OTC Pink: PSIQ) is pleased to announce it has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to register securities under the Securities Act of 1933 as the first step to becoming an SEC reporting company and uplisting to OTCQB.  \n Included in the S-1 Registration statement are PSIQ’s audited financial statements for the year ended December 31, 2017 and December 31, 2016 as well as the reviewed financial statement for the period ending June 30th, 2018. PSIQ intends to furnish its stockholders with annual reports containing audited financial statements and quarterly reports containing unaudited financial statements for each of the first three quarters of each fiscal year, whether or not it is required to file such reports pursuant to Section 15 of the Securities Exchange Act of 1934. See https://www.sec.gov/Archives/edgar/data/1390329/000157570518000211/psiq_s1.htm. In addition, PSIQ may from time to time furnish to stockholders’ additional information about PSIQ and its business as its management deems appropriate. The Company’s voluntary filing of Form S-1 is the first step to becoming subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended (the Act) which includes annual, quarterly and current report filings. Subsequent thereto, PSIQ management intends to move forward with an application to OTC Markets to uplist to the OTCQB market tier. Dan Oran, CEO of PSIQ stated, “The filing of Form S-1 is the next logical step of our plan to become a transparent fully reporting SEC Issuer filing timely reports with the SEC. We strongly believe in our business plan and expect to deliver positive results for our shareholders in the foreseeable future”. ABOUT FORM S-1 REGISTRATION STATEMENT Form S-1 is an SEC filing used by companies to register their securities with the U.S. Securities and Exchange Commission (SEC) as the \"registration statement by the Securities Act of 1933\". The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated inve...