ImageXpres Corporation Launches Compliance Initiative
March 04 2010 - 11:44AM
Marketwired
ImageXpres Corporation (PINKSHEETS: IMJX), a US-based digital
imaging and printing company, today announced that it has commenced
a full-scale compliance initiative, designed to meet the Pink OTC
Market requirements for making adequate current information
available to the public markets, thereby improving the Company's
disclosure category to 'Current Information' status.
The Company's Board met with its accountants to discuss the
status of the Company's legal and financial issues, and then
completed a thorough review of the Pink OTC Markets July 2009
Guidelines for Providing Adequate Current Information. The Company
plans on posting its 2009 annual report and financial statements on
its website in March 2010, and providing financial guidance for
2010.
The Company anticipates that this increased level of disclosure
will be welcomed by shareholders, investors, and regulators alike.
According to Pink OTC Markets, securities of Pink Sheet companies
that provided current disclosure to the public markets represented
over 80% of the entire dollar volume traded in 2009. In fact, the
average dollar volume per security averaged $81,259,055 for
securities that obtained Current Information Status in 2009,
compared to $745,812, for securities that provided no
information.
John S. Zankowski, President & CEO of ImageXpres
Corporation, stated, "While the Company has focused its efforts on
increasing its sales and earnings in 2009, it is apparent that
becoming 'transparent' and providing the public with full
disclosure on the state of our business will be crucial to our
ongoing success. With the development of our Surgi-Scan™ digital
safety checklist and our new line of SmartKiosk Media™ platforms,
we feel that IMJX is positioned for substantial revenue growth this
year, and providing current adequate information will only help to
increase the value of the stock and attract new investors."
Safe Harbor Statement
This release contains "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,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or
"projected."
You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and
other risks identified in the Company's disclosure information.
All company or product names used are the property of their
respective owners and may be the trade marks™, service marks(SM),
or registered marks® of other companies, and are used for
information purposes only and to their owners' benefit, without
intent to infringe.
About ImageXpres Corporation:
ImageXpres (www.imagexpres.com) is a digital imaging and
printing company, headquartered in Rochester, NY. IMJX develops
imaging systems solutions for commercial printing, consumer photo,
health and business communications market segments. ImageXpres is
currently manufacturing and marketing a line of self-service
interactive digital kiosks, and LitePix™ Digital Displays, digital
signs that provide unique advertising benefits for business owners.
The Company's website is www.imagexpres.com.
CONTACT: ImageXpres Corporation John S. Zankowski CEO
info@imagexpres.com 585-292-5177
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