Northstar Announces plans to become fully audited, and file for
listing on the OTCBB.
HOLBROOK, N.Y., April 22, 2013 /PRNewswire/ -- Northstar
Global Business Services, Inc., Symbol (OTCPink: MDIN), today
announced that the company has begin to put a plan into effect to
re-list on the OTCBB and provide audited financials going back two
years. Over the past two months, Northstar has reported
dramatically increased revenue and business growth, so acute that
the company feels the audits are important to maintain the public's
confidence in its disclosures. Listing on the more highly regulated
OTCBB is also expected to soften volatility, and curb any abnormal
market maker trading methods that may not benefit shareholders, and
that may be currently causing Northstar to be under valued in the
marketplace.
The announcement comes as Northstar waits for the lifting of its
"Chill order" by the DTCC, a restriction that was put on the
company back in 2010 because of too many shares being issued
electronically by former management as a way to remove debt from
the books. A "chill order" causes trades to be settled differently,
to protect shareholders, but also excludes a small amount of
brokerage firms from trading the stock. Although shareholders can
still purchase the company's securities through most firms, the
lifting of the "chill order" is expected to be extremely positive
for the company. Northstar has provided the DTCC with the requested
documentation showing that the past issuances were all processed
properly, and the company fully expects it will be lifted any day
now.
As the company's CEO, Nick Chieco
explains, "This plan is an important step in this company's
evolution. I think to the average shareholder, Northstar's success
just looks too good to be true. I am truly flattered that the
shareholders have taken our word for it all this time, but soon our
explosive growth over the past few months, and months to come will
be undeniable, and that is as important as the growth itself." Mr.
Chieco goes on to assure everyone that the documentation requested
by the DTCC for removal of the company's "Chill" is extremely
detailed and undeniable. The company expects a removal to come very
soon.
Northstar's timeframe for these massive changes is not unlike
all of the company's goals, aggressive. The company hopes to have
the chill removed, the audits done and the filing of necessary
forms for listing on the OTCBB to happen in time for it's next
quarterly disclosure, which ends on June
30th. Northstar would like to remind shareholders that there
are many things that could cause the company to miss that goal, but
many aggressive goals have been set so far, and the company has had
a history of pulling it off one way or the other. Northstar Global
Business Services, Inc. continues to move forward and gain ground
every day though hard work and determination. Persons
interested in Northstar or its products can visit
www.medgeninc.com, or call Jennifer at 877-571-4387 or email
investors@northstarbb.com
About Northstar
Northstar Global Business Services is dedicated to producing the
best alternative healthcare products. The most popular products in
Northstar's arsenal are Snorenz©, a patented spray for snoring
relief and Stem-Intense, a unique stem cell replacement therapy
supplement, and most recently, Health-Enrich for Pets, an exciting
new pet anti-aging supplement. Most of the company's products use a
unique spray delivery system, or stem cell replacement technology,
and have received very positive consumer reviews all over the
world, selling millions upon millions of units from 1996 to the
present.
DISCLAIMER
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The Company has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the Company's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or
advise in the event of any change, addition or alteration to the
information catered in this Press Release including such
forward-looking statements.
SOURCE Northstar Global Business Services, Inc.