Tabula ICAV (TG:TCRS)
Historical Stock Chart
From Nov 2019 to Nov 2024
TreeCon Resources, Inc. to Deregister Its Common Stock With the
Securities and Exchange Commission
LUFKIN, Texas, July 30 /PRNewswire-FirstCall/ -- TreeCon Resources, Inc. (OTC
Pink Sheets: TCRS) today announced that it anticipates meeting with
representatives of Wayne Creasy to discuss a possible investment in the Company
or other transaction. In the event the discussions do not result in an
agreement by August 10, 2004 the Board of Directors has approved the
deregistration of its Common Stock under the Securities Exchange Act of 1934.
The deregistration will be affected by the filing of a Form 15 with the
Securities and Exchange Commission on or about August 13, 2004.
Mike Boatman, President and CEO of Treecon, commented that the significant and
increasing administrative burdens and expense of remaining a public company,
particularly in light of the rules and regulations promulgated under the
Sarbanes-Oxley Act of 2002 make remaining a reporting company uneconomical
under the current circumstances.
Upon filing of a Form 15, the Company's obligation to file with the SEC certain
reports and forms, including Forms 10-K, 10-Q and 8-K, will immediately be
suspended. If the Form 15 is filed the Company anticipates that its common
stock will be quoted over-the-counter in the Pink Sheets following the Form 15
filing to the extent market makers commit to make a market in its shares,
although the Company can provide no assurance that trading in the stock will
continue.
Certain of the statements contained in this report (other than the financial
statements and other statements of historical fact) are forward- looking
statements. Words such as "expects" and "believes" and "anticipates" indicate
the presence of forward-looking statements. There can be no assurance that
future developments will be in accordance with management's expectations or
that the effect of future developments on us will be those anticipated by
management. Among the factors that could cause actual results to differ
materially from estimates reflected in such forward-looking statements are
competitive pressures on sales and pricing, including those from other
wholesale distributors and those retailers in competition with our customers;
and uncertainties associated with our national sales initiative. See the
Company's most recent Form 10-Q for additional such factors.
DATASOURCE: TreeCon Resources, Inc.
CONTACT: Mike Boatman or Deborah Huffman, both of TreeCon Resources,
Inc., +1-936-634-3365