BOCA RATON, Fla., Nov. 15, 2011 /PRNewswire/ -- RightSmile, Inc. (PinkSheets: RIGH) would like to take this time to address why yesterday PinkSheets (OTCMARKETS) decided to place a Caveat Emptor symbol on our stock, without notifying the Company until after the close of the market.

When RIGH paid the $3,600 to reinstate with PinkSheets, the company was told to simply file quarterly information for the first two quarters to have the "Stop" sign removed and a "Yield" put in its place.  Then, once RIGH had Attorney letters written and filed, the 3rd quarter financials it would be upgraded to full "PK" status.

RIGH has been working on this information so it could move forward with its business plan; now all that has changed.  PinkSheets decided yesterday that RIGH needs to file a 3rd quarter report with an Attorney letter to become current and not bother with the first two quarters because of trading volume.  PinkSheets also doesn't believe RIGH should have put out a press release regarding material information about the company without filing its financials.  RIGH has a much different view on this matter. The lawsuit has caused price depression and stunted growth of the company. If the company lost the lawsuit it could have buried the company.  RIGH stands by its decision to release material information and will continue to do so.  If the Company complies, PinkSheets will remove the Caveat Emptor and replace it with a "PK" listing.

Although the full PK listing is better for the shareholders and the company, resources had been used to meet the previous requirements.  The Company has done nothing wrong nor has it participated in any of the reasons listed under Caveat Emptor on PinkSheets.  This is a case of the Company issuing a press release regarding material information followed by a market reaction then PinkSheets' over reaction.

RIGH will comply with PinkSheets and hopes to be able to have the "PK" listing shortly so it can complete its merger as planned.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

CONTACT:          

Randy Schneider, President, at 561-404-4895

SOURCE RightSmile, Inc.

Copyright 2011 PR Newswire

RightSmile (CE) (USOTC:RIGH)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more RightSmile (CE) Charts.
RightSmile (CE) (USOTC:RIGH)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more RightSmile (CE) Charts.