LEAMINGTON SPA, England,
Aug. 4, 2011 /PRNewswire/ -- DNA
Dynamics, Inc. (PK:DNAD) has signed an engagement letter with
Ethan Weyand & Associates to
assist us by preparing the company's accounts to be audited. DNAD's
attorney has also been instructed to begin the process of filing
the relevant paperwork with the SEC to become fully reporting,
including a Form 10. These are required steps when looking to
uplift OTC status from Pink to OTCQB.
In commenting on the company's move, Ed
Blincoe, CEO of DNAD, said, "raising our OTC status to OTCQB
is evidence of our absolute intention to shareholder value and to
bring the company onto a higher exchange. It is important for
shareholders to be able to invest in a businesses which are fully
transparent and it is important to the business that it is seen to
be working hard to raise itself from OTC Pink and through the
ranks."
The OTC Markets website says that "OTCQB is the middle tier
of the OTC market. OTCQB companies are reporting with the SEC or a
U.S. banking regulator, making it easy for investors to identify
companies that are current in their reporting obligations. There
are no financial or qualitative standards to be in this
tier."
We anticipate the audit will be completed within three months
and the Company will be able to file its Form 10 with the SEC
thereafter.
About DNA Interactive
DNA Interactive, is a publisher of games and apps for mobile and
tablet devices including iPhone apps, apps for the iPad along with
apps for Android phones and tablets. Established in 2010 DNA
Interactive develops, acquires and publishes games for Android and
iOS devices.
About DNA Studios
DNA Studios, formally Slam Productions Ltd, is a videogames
developer based in Leamington Spa, Warwickshire. DNA Studios create Games and
Apps for Mobile Devices and handheld consoles using their
proprietary Rapid Application Development tool, The "Slam Engine".
In 2010 the company was named by Develop Magazine as one of the top
100 most successful game studios in the world
Contact:
pr@dnadpk.com
(1) 347 352 0078
www.dnadpk.com
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
SOURCE DNA Dynamics, Inc.