ST. PETERSBURG, FL / ACCESSWIRE / December 6, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt, and alternative investments, is pleased to announce that the Company has been upgraded to "Current" status with OTC Markets.
The Company posted its March, June and September 2016 Quarterly Reports and supplemental Issuer Information and Disclosure Statements last week with OTC Markets. The Company is in the process of filing the required documents with the State of Florida to bring it current as well as those for all subsidiaries.
The Company has elected to file a registration statement with the Securities and Exchange Commission during the 1st Quarter of 2017 to bring the Company back to fully reporting status. Management is currently interviewing two auditing firms for the two-year audit to accompany the registration statement.
In addition, the Company is actively working with counsel to address the DTC Chill status and will file its resolution with DTC in the coming weeks.
About Sylios Corp
Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, holdings in equities, alternative investments, corporate debt, and site-specific real estate development; www.sylios.com.
Forward-Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will," and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties, and other factors that could cause the Company's actual activities, results, or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations. Additional risks and uncertainties are set forth in the Company's Unaudited Annual Report for the year ended December 31, 2015, which can be found on the OTC Markets website, www.otcmarkets.com.
SOURCE: Sylios Corp