Sylios Corp Retains Auditor to Regain Fully Reporting Status and Uplisting to OTCQB


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PK:UNGS
07/22/2014 [ACCESSWIRE]

Company to launch second website to promote Cannabis Dispensary Product

ST. PETERSBURG, Fla. / ACCESSWIRE / July 22, 2014 / Sylios Corp (OTC Pink:UNGS), a holding company with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized in the medical and recreational marijuana industry is pleased to announce that the Company's Board of Directors has retained the services of Enrique Nowogrodzki, CPA and CPA Services Corp to audit the Company's fiscal years 2011-2013.

The recently initiated audit will facilitate Sylios Corp in becoming a fully reporting Company and uplisting to the OTCQB. Upon completion of the audit process, the Company will file a registration statement with the Securities and Exchange Commission. The Company anticipates being fully reporting within the next 90 to 120 days.

Wayne Anderson, President of Sylios Corp, noted, "The Company is aggressively moving forward with implementation of our business plan. In an effort to maintain that growth pattern, we felt it was important that the Company become fully reporting. Once this effort is completed, we believe it will add shareholder value."

The Company's recently announced new corporate website is still in development by Equisolve. The Company delayed the initial launch so as to time its "going live" with the completion of a secondary website dedicated to its cannabis dispensary product. Both sites will be live in the very near future.

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized for the medical and recreational marijuana industry.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Unaudited Annual Report for the year ended December 31, 2013, which can be found on the OTC Markets website, www.otcmarkets.com.

Contact:

Sylios Corp

(727) 821-6200

info@sylios.com 

SOURCE: Sylios Corp 

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