Read Larry Connors' blog – Short Term Trading Strategies
Upon the filing of Form 15, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q, and 8K, will be immediately suspended. Enable IPC expects that the deregistration of its common stock will become effective 90 days after the date of filing of Form 15 with the SEC.
While no longer required by the SEC after deregistering, Enable IPC plans to continue to provide quarterly, annual and other information regarding the Company's performance to its shareholders via the OTC News and Disclosure Service and through its email database and website. In addition, the Company anticipates that trading will continue in the Company's common stock on the Pink Sheets under the same symbol of "EIPC."
In reaching its decision, the Board of Directors of Enable IPC evaluated the advantages and disadvantages of continuing to operate as a reporting company in light of such factors as the costs and expenses of compliance with the Sarbanes-Oxley Act of 2002, the ongoing burden associated with the preparation and filing of periodic and current reports with the SEC and the substantial diversion of management's time and efforts from the tasks required to grow the Company's business. The Board of Directors also considered the Company's capital requirements and the projected ability to meet those needs in 2009 given the current turmoil in the public markets.
"The Company is not going private or 'going dark,'" said David Walker, CEO of Enable IPC. "We expect to save more than $100,000 annually by making this move, which will allow us greater focus on creating shareholder value."
Rich Kaiser, President of Yes International, Enable IPC's investor relations firm, said, "A number of companies are making this move. The market conditions, auditing, legal and other expenses required to maintain the SEC reporting requirements, plus the onerous filings required to raise capital, combine to make it untenable for a lot of organizations to continue to be 'reporting' companies."
About Enable IPC
Enable IPC (OTCBB: EIPC | Quote | Chart | News | PowerRating) provides efficient, streamlined strategies for turning technologies into products and bringing them to market. Though not limited to nanotechnology or the energy industries, Enable IPC's growing portfolio currently includes the exclusive rights to two break-through energy technologies. The Company is a transparent, fair turnkey partner for sub-licensing and joint development with other companies. For more information, please visit www.enableipc.com.
Forward-Looking Statements
This release contains forward-looking statements, such as "believes," "anticipates," "plans" and similar terminology, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties which could cause actual results that the Company achieves to differ materially from any of the forward-looking statements. Such risks and uncertainties, include, but are not limited to, the following: the timely development and market acceptance of products and technologies, the ability to secure additional sources of financing, the difficulties in forecasting results from development efforts, difficulties in accurately estimating market growth, the impact of changing economic conditions, business conditions in the microbattery industry and others identified in our Annual Report on Form 10-K, as amended, and other Securities and Exchange Commission filings. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Investor relations for Enable IPC Corp.: Rich Kaiser (800) 631-8127 Email Contact Press contacts for Enable IPC Corp.: Megan Saulsbury / Jason Wonacott Wonacott Communications, LLC (310) 477-2871 Email Contact / Email Contact
SOURCE: Enable IPC Corporation
http://www2.marketwire.com/mw/emailprcntct?id=237920B2EE8C42C3 http://www2.marketwire.com/mw/emailprcntct?id=3DCF031EE6171BE9 http://www2.marketwire.com/mw/emailprcntct?id=0C891B9A71124B84
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
