SUMMIT, IL / ACCESSWIRE / May 5, 2014 / Terme Bancorp (OTC: TMEB), a holding company specializing in money services and consumer behavior initiatives, today announced that the Company has achieved “Current Information” status on the OTC Pink Exchange and increased its authorized share capital.

Terme Bancorp recently filed audited financial statements for 2012 and 2013, prompting the OTC Markets to remove the stop sign from its ticker symbol, now classifying the Company as current with its filings. Additionally, the Company has received approval to increase the number of its authorized shares to 500 million.

John G. Yedinak, CEO of Terme Bancorp, commented, “We are pleased to announce that Terme is now current with its filings and has strengthened its capital structure. We now have the ability to use shares of our stock when acquiring companies which is a central part of our business model to expand our multiple subsidiaries through strategic initiatives and acquisitions that will increase shareholder value.”

“In addition to remaining current with our financial reporting moving forward, maintaining and expanding our shareholder communication is of the utmost importance to Terme’s management. We look forward to announcing several positive developments moving forward as we grow our business operations,” continued Mr. Yedinak.

About Terme Bancorp, Inc.

Terme Bancorp is a holding company that specializes in global electronic money services and its relationships to consumer behavior initiatives. The Company currently has two wholly-owned subsidiaries, Terme Capital, Inc. and Terme Mortgage, Inc. For more information please visit: http://www.termebancorp.com/.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

888-959-7095
ir@sealpointconsulting.com

 

Source: Terme Bancorp

Terme Bancorp (CE) (USOTC:TMEB)
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