“Company to register its stock with the SEC”
OMAHA, Neb., Dec. 14, 2011 /PRNewswire via COMTEX/ — TiVUS, Inc. (OTCPK: TIVU) today announced it has posted its successfully completed independent audit of its fiscal years 2009 and 2010, at OTC Markets Group (www.otcmarkets.com).
“We are pleased our PCAOB-compliant audit was concluded successfully,” commented Shiva Prakash, TiVUS’ chief executive officer. “With this important milestone behind us, we can move forward with all necessary regulatory filings to register our securities and become a fully reporting public company under the United States Securities & Exchange Commission (SEC).
“In conjunction with the audit’s completion, we are currently preparing SEC Form 10 to register our securities and qualify for an up-list market tier on the OTC Markets trading platform from OTCPK to OTCQB.”
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC. OTCQB securities are quoted on OTC Markets Group’s quotation and trading system and some may also be quoted on FINRA’s Bulletin Board. See OTCQB Fact Sheet here.
“With ad-sales, the final phase of our hotel HD IPTV with ad-insertion deployment, currently underway, we expect the Company to soon reach another highly anticipated milestone as the Company’s first ad-revenues begin this month,” Prakash concluded.
About TiVUS, Inc.
TiVUS, Inc. is a technology entertainment services company providing Internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. TiVUS’ unique HD IPTV system is a complete hotel entertainment platform that, for the first time in the industry, generates previously untapped income for the hotel through ad-revenue sharing. For more information, please visitwww.tivus.com and www.tivusconnect.wordpress.com, www.facebook.com/tivusconnect or www.twitter.com/tivusinc.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered “forward-looking statements,” generally preceded by words such as “plans,” “expects,” “believes,” “anticipates,” or “intends.” We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or Securities and Exchange Commission.
Media Relations:Steven Haag(832) 577-2380 email@example.com
SOURCE TiVUS, Inc.