OMAHA, Neb., Dec. 14, 2011 /PRNewswire/ -- TiVUS, Inc.
(OTCPK: TIVU) today announced it has posted its successfully
completed independent audit of its fiscal years 2009 and 2010, at
OTC Markets Group (www.otcmarkets.com).
"We are pleased our PCAOB-compliant audit was concluded
successfully," commented Shiva Prakash, TiVUS' chief executive
officer. "With this important milestone behind us, we can move
forward with all necessary regulatory filings to register our
securities and become a fully reporting public company under the
United States Securities & Exchange Commission (SEC).
"In conjunction with the audit's completion, we are currently
preparing SEC Form 10 to register our securities and qualify for an
up-list market tier on the OTC Markets trading platform from OTCPK
to OTCQB."
The OTCQB market tier helps investors easily identify companies
that are current in their reporting obligations with the SEC. OTCQB
securities are quoted on OTC Markets Group's quotation and trading
system and some may also be quoted on FINRA's Bulletin Board.
See OTCQB Fact Sheet here.
"With ad-sales, the final phase of our hotel HD IPTV with
ad-insertion deployment, currently underway, we expect the Company
to soon reach another highly anticipated milestone as the Company's
first ad-revenues begin this month," Prakash concluded.
About TiVUS, Inc.
TiVUS, Inc. is a technology entertainment services company
providing Internet-based TV and Cable programming, interactive game
content, and goods & services to the hotel/hospitality
industry. TiVUS' unique HD IPTV system is a complete hotel
entertainment platform that, for the first time in the industry,
generates previously untapped income for the hotel through
ad-revenue sharing. For more information, please visit
www.tivus.com and www.tivusconnect.wordpress.com,
www.facebook.com/tivusconnect or www.twitter.com/tivusinc.
One of our most important responsibilities is to communicate
with shareholders in an open and direct manner. Comments are based
on current management expectations, and are considered
"forward-looking statements," generally preceded by words such as
"plans," "expects," "believes," "anticipates," or "intends." We
cannot promise future returns. Our statements reflect our best
judgment at the time they are issued, and we disclaim any
obligation to update forward-looking statements as the result of
new information or future events. We urge investors to review the
risks and uncertainties within its filings with the OTC Markets
and/or Securities and Exchange Commission.
Media Relations:
Steven Haag
(832) 577-2380
stevehaag@tivus.com
SOURCE TiVUS, Inc.