UDS Group, Inc. Responds to SEC’s Short Term Temporary Trading Halt
September 25 2009 - 9:50AM
Business Wire
UDS Group, Inc. (Pink Sheets:UDSG), the
leader in Delivery Management Solutions, announced today that the
company was surprised to learn that the SEC had issued a temporary,
short term halt on the trading of UDS stock.
“Attempts have been made from the onset of the trading halt to
clarify and obtain an understanding of this sudden action by the
SEC,” stated Michael Schulman, corporate attorney for UDS Group,
Inc.
“In 2007, UDS was exonerated of any wrongdoing at the conclusion
of an informal inquiry by the SEC in which UDS fully cooperated and
assisted the SEC in their inquiry. We have made the exoneration
letter available on the UDS corporate website at
www.universaldelivery.com,” added Mr. Schulman.
“We do not believe there is any basis for the temporary
short-term halt to the trading of UDS stock,” commented Ryan
Coblin, CEO and Chairman of UDS Group, Inc.
“We are continuing to attempt to contact the appropriate
personnel at the SEC to get clarification of this situation and
have the trading suspension lifted as soon as possible. We will
keep the investment community informed of any information that we
receive,” added Ryan Coblin.
Ryan Coblin also stated, “UDS will continue to focus on
performing its business model while aiming to deliver strong
successful results. We are excited to launch our new delivery
solution with our 888-Sub-To-Go in the Washington, DC area in
October. UDS is looking forward to keeping everyone informed of our
upcoming events in the coming weeks and over the next few
months.”
As previously stated, the new UDS website
www.universaldelivery.com details how the company has “mastered the
fives essentials of your delivery solution.” The website itemizes
these essentials as One-Number/Online Ordering, Call Center
Excellence, Point-of-Sale Integration, Site Delivery Coordination,
and Marketing & Training Systems.
Universal Delivery Solutions is publicly traded under the symbol
UDSG.PK.
If there are any questions or
concerns regarding UDS Group please feel free to contact the
company anytime.
About Universal Delivery
Solutions, Inc.:
Universal Delivery Solutions, Inc. (UDS),
www.UniversalDelivery.com, is the leader in providing comprehensive
custom-developed catering/delivery solutions to industries
throughout North America, including restaurants, retail and others.
UDS solutions offer a seamless system that integrates Customer
Relationship Management (CRM) and Call Center IT services through a
proprietary technology backbone to offer convenience, consistent
quality, flexibility, accountability and value for consumers and
companies.
Safe Harbor:
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's
results from acquisitions or actions in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results.
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