Somatic Systems, Inc. to Uplist to OTCBB
October 14 2008 - 8:30AM
Marketwired
Somatic Systems, Inc. (PINKSHEETS: SMAS) today formally announced
their plans to uplist from the Pinksheets to the OTC Bulletin Board
stock exchange. The company has begun preparing the necessary
documentation to become fully reporting with the Securities and
Exchange Commission, including preparing their financial reporting
for the auditing process.
Somatic Systems has been reviewing the possibility of full
reporting and uplisting for some time, and recently begun the steps
necessary to complete this process. The company intends to complete
this process as soon as possible, and expects to reach this goal by
next quarter or sooner.
The company discussed their reasons for this significant move
for a Pinksheets company, including providing greater
accountability and transparency for shareholders, access to capital
sources that enable optimal growth of Somatics business operations,
and greater protections and stability for shareholders and share
value.
Somatic Systems is engaged in a nationwide expansion of its
groundbreaking pain management system, including worldwide Somatics
self-help product distribution as well as rollout of a chain of
Somatics pain care clinics and retail locations and franchises. The
company is also involved in aggressive promotion and growth
opportunities, including talks with the US military and
professional sports teams as well as increasing television and
other media coverage. All of these ventures promise to grow the
company considerably. Commonly, listing on higher exchanges such as
the OTCBB allows for greater growth in a company's market value,
which would help Somatic Systems with these expansion efforts
significantly.
"Becoming a fully reporting and listed company is something we
have planned since before we joined the Pinksheets," stated Somatic
Systems CEO Steven Aronstein. "We want to provide shareholders with
an even more solidly trading and growing public company, and an
even more trustworthy investment. The growth we are seeing in
Somatics is exciting, and we are even more excited for the higher
stock exchanges to expand our financial opportunities to capitalize
on that growth dramatically."
About Somatic Systems, Inc.
Somatic Systems is the worldwide center for Clinical
Somatics(TM), the groundbreaking drug-free, non-surgical approach
to pain relief. This proprietary system uses natural, non-invasive
movement techniques -- conducted through one-hour hands-on
sessions, therapeutic exercises classes, and home exercises lasting
as little as 5 minutes a day -- to relieve pain and limitation
resulting from accident, trauma and repetitive stress, including
back pain, knee pain, joint problems, carpal tunnel syndrome, TMJ,
scoliosis, bursitis, sciatica, headaches, tendonitis and more.
Clinical Somatics(TM) also provides performance gains and injury
prevention for casual and professional athletes.
Somatic Systems is pursuing a 3-part growth strategy, consisting
of a nationwide rollout of pain management Somatics Clinics;
increased production and distribution of therapeutic videos, books,
and other retail self-help Somatics Products; and expanded Somatics
Training Programs to supply Clinic practitioners serving medical
and orthopedic professionals and institutional and corporate
programs. The company operates a suite of web sites offering
Somatics information, products, resources, and opportunities, at
www.somatics.org.
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Contact: For more information visit http://www.somatics.org or
contact: Investor Relations 1 877 586-2555
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