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Upon filing of the Form 15, VeruTEK's obligation to file certain reports with the SEC, including Forms 10-K, 10-Q and 8-K, will immediately be suspended. As a result of no longer making such filings, VeruTEK's common stock will cease to be eligible for quotation on the OTC Bulletin Board. There can be no assurance that VeruTEK's common stock will be traded in any other forum, such as the Pink Sheets, or that any brokers will continue to make a market in VeruTEK's common stock once the Form 15 is filed.
On or shortly after the date of filing of the Form 15, VeruTEK also intends to reincorporate from the State of Nevada to the State of Delaware. The reincorporation is intended to allow VeruTEK to take advantage of the greater predictability and flexibility afforded by Delaware's corporate laws and its extensive and established case law.
About VeruTEK Technologies, Inc.
VeruTEK provides proprietary, patent-pending, high-tech, green and sustainable solutions for cleaning up the environment. For more information, please visit www.verutek.com.
Safe Harbor Statement
This press release contains forward-looking statements that are based on VeruTEK's current expectations, beliefs, assumptions, estimates, forecasts and projections regarding VeruTEK. The statements contained in this release are not guarantees of future performance or actions, are inherently uncertain, involve certain risks, uncertainties and assumptions that are difficult to predict, and do not give effect to the potential impact of any mergers, acquisitions, divestitures, or business combinations that may be announced or closed after the date hereof. Therefore, actual outcomes, results and actions may differ materially from what is expressed in such forward-looking statements, and such statements should not be relied upon as representing VeruTEK's expectations or beliefs as of any future date. VeruTEK does not undertake any obligation to update forward-looking statements made by it. For information regarding factors that could impact VeruTEK's future performance and actions, see the risk factors described in VeruTEK's most recent filings with the SEC.
SOURCE: VeruTEK Technologies, Inc.
VeruTEK Technologies, Inc. John Collins, Ph.D. President and Chief Executive Officer 65 West Dudley Town Rd. Bloomfield, CT 06002 (860) 790-0920
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