San Clemente, CA / ACCESSWIRE / August 13, 2014 / Monster Arts, Inc (OTCQB: APPZ), a leading app developer and mobile advertising/content distribution platform company, announced today that it has filed for a Reverse Split of its stock trading under the ticker symbol APPZ.
Beginning in 2014, OTC Markets enacted certain rules pertaining to the OTCQB trading platform. Companies attempting to list on the OTCQB are required to meet certain eligibility standards. To be eligible, a company must be current in their reporting requirements under the Securities Exchange Act of 1934 and meet a minimum bid test of $0.01. Therefore, this has provided the basis, among other factors, for the decision by the Board of Directors of Monster Arts Inc. to effect a reverse stock split. The Board of Directors believes there is greater opportunity for APPZ for its potential growth and transparency to ensure that the investing public has access for trading over-the-counter shares of common stock of APPZ on the OTCQB marketplace forum.
For more information about the new OTCQB Requirements, please view: http://www.otcmarkets.com/learn/otcqb
Yesterday, Monster Art's filed a 14C with the SEC with the intention of reverse splitting the outstanding and issued shares in a ratio of 100:1. The 14C can be viewed here by clicking:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10143579
"Many brokerage firms do not trade stocks that trade for less than a penny. After many calls to us, asking for a solution to this problem, we believe that it is in the best interests of APPZ and its shareholders to effect a reverse split without a simultaneous dilution event," commented Wayne Irving CEO.
About Monster Arts
Monster Arts is a leading mobile marketing and app technology innovator, designing a variety of mobile apps and games for purchase and download by the retail consumer and assisting business clients with online marketing through its Travel America Visitor Guide app and website network, mobile app design services, crowd funding consulting services and marketing, management, and promotions services, and now professional printing and graphic design services. Monster Arts owns 100% of Travel America Visitor Guide, a travel destination website and Smartphone app network.
More information about Monster Arts can be found by visiting the company's website located at http://www.monsterarts.net/
Monster Arts Investor Contact:
Casey Burt
In2ne, Corp
888-352-6934
Forward Looking Statements:
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Arts, Inc. (APPZ), with the U. S. Securities and Exchange Commission. Further information on risks faced by APPZ are detailed in the Form 10-K for the year ended December 31, 2012, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the U. S. Securities and Exchange Commission at http://www.sec.gov/. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Arts does not undertake any obligation to publicly release the any revision to these forward-looking statements that may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements.
SOURCE: Monster Arts, Inc