TORONTO, ON / ACCESSWIRE / August 1, 2014 / Nevada-based Modern Mobility Aids, Inc. (OTC Pink: MDRM) (PINKSHEETS: MDRM) (the "Company"), announced today that it has filed its Quarterly Reports for the periods ended September 30, 2013, December 31, 2013 and March 31, 2014, and that it is now fully compliant with its filing obligations to the Securities Exchange Commission. The Company expects to file the Form 10-K Annual Report for the year ended June 30, 2014, within the prescribed time period. The Company is now in position to move forward aggressively with its business plan.
Preston Shea, President of the Company, stated, "This is a major achievement and is a component part of our business plan. We fully expect that our future reports will be timely filed."
About Modern Mobility Aids, Inc.
Modern Mobility Aids, Inc. was first incorporated under the laws of the State of Nevada on December 19, 2007, under the name of Glider Inc. Its original business plan was to sell and distribute products for mobility-challenged individuals. The Company changed its name to Modern Mobility Aids, Inc. on April 22, 2010 with initial plans to distribute products for mobility-challenged individuals. In February 2014, the business focus of the Company evolved with a rapid expansion strategy in the life sciences and healthcare industry, with a focus on production of Medical Marijuana. A mandate was created to acquire companies within the biopharma and alternative medicine sectors targeting both innovative research and development as well as scalable licensed, manufacturing capacity in three niche market segments.
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This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding of discussion, the words "anticipate," "pleased," "plan," "confident that," "believe," "expect," "possible" or "intent to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. There are no guarantees or assurances that any proposals, initiatives or negotiations will result in what the company had originally intended. Any investment made into Modern Mobility Aids, Inc., would be classified as speculative and risky. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional or adequate financing, government approvals or changes to proposed laws and other risks and uncertainties further stated in the company’s financial reports and filings.
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