BBMF (GM) (USOTC:BBMF)
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BBMF Corporation Today Files Notice of Voluntary Termination of
Registration of its Common Stock
TOKYO, July 7 /Xinhua-PRNewswire-FirstCall/ -- BBMF Corporation ("BBMF") (OTC
BB: BBMF), a leading developer of mobile games, today announced that it will
voluntarily 'deregister' its common stock by filing a Form 15 with the
Securities and Exchange Commission ("SEC"), thereby giving notice of
termination of registration of its common stock from registration under Rules
12g-4(a)(1)(i) and (ii) and 12h-3(b)(1)(i) and (ii) under the Securities
Exchange Act of 1934.
U.S. federal securities laws provides that, in general, a public company with
either fewer than 300 holders of record of its registered securities or fewer
than 500 holders of record of its registered securities and less than
$10,000,000 in assets on the last day of each of its past three fiscal years
may deregister its registered securities by filing a notice of termination of
registration on Form 15 provided no registration statements under the
Securities Act of 1933 have been declared effective within the company's
current fiscal year and the company is current with its SEC required reports.
BBMF believes it meets these criteria and that so filing is in its best
interests, and accordingly filed a Form 15 today. In addition, the common
stock of BBMF will no longer be eligible for quotation on the OTC Bulletin
Board.
BBMF's Board of Directors believes this course of action to be in the best
interest of the company after having carefully considered this course of
action. BBMF's principal reasons for its decision to deregister is the rising
cost, both in money and time, of continuing its common stock registration and
complying with the increasing and changing requirements in connection with
registration in the United States and its belief that these burdens will
continue to increase in the future.
BBMF expects that the deregistration will become effective within 90 days after
its filing with the SEC. Effective upon filing its Form 15 with the SEC, BBMF's
obligation to file reports under the Securities Exchange Act, including Forms
10-KSB, 10-QSB and 8-K, will immediately be suspended and future reports will
not be available through the SEC's EDGAR system.
About BBMF Corporation
BBMF Corporation is one of the largest developers of mobile games in the world
with staff and presence in Japan, Hong Kong, China, Korea and the United
States. BBMF games and other information can be found on its web site,
http://www.bbmf.net/ .
This press release contains forward-looking statements about BBMF's future
expectations, performance, plans, and prospects, as well as assumptions of
future events. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous factors
and uncertainties that could cause BBMF's actual results to differ materially
from those expressed or implied by these statements, including without
limitation, changes in supply and demand within the gaming industry; business
and economic conditions and trends; continued success in technological
advances; possible disruption in commercial activities caused by political
disruption in Japan or China; reduced customer demand relative to expectations;
competitive factors; and other risk factors listed from time to time in the
company's SEC reports. Actual results may differ materially from our
expectations as the result of these and other important factors relating to
BBMF's business and product development efforts, which are further described in
BBMF's filings with the Securities and Exchange Commission. These filings can
be obtained from the SEC's website located at http://www.sec.gov/ . Any
forward-looking statements are based on information available to BBMF on the
date of this release, and BBMF assumes no obligation to update such statements.
Contact:
Hidayah Nazarudin
BBMF Corporation
Tel: +813-5441-7151
Email:
Web sites: http://www.bbmf.net
http://www.sec.gov
DATASOURCE: BBMF Corporation
CONTACT: Hidayah Nazarudin of BBMF Corporation, +813-5441-7151,