Modern Mobility Aids, Files Its Annual Report With SEC

Modern Mobility Aids, Files Its Annual Report With SEC
  
 

TORONTO, ON--(Marketwired - Jun 4, 2014) - Nevada-based Modern Mobility Aids, Inc. (PINKSHEETS: MDRM) (OTC Pink: MDRM) (the "Company"), announced today that it has filed its Annual Report (Form 10-K) for the year ended June 30, 2013, with the Securities Exchange Commission. The Company expects to be able to file the subsequent Quarterly Reports (Forms 10-Q) within the next two weeks, following which the Company will be current with all reports required by the SEC.

Preston Shea, President of the Company, stated, "We are pleased to have completed our audit and filed this report. The delays, as unavoidable as they were, were occasioned by the transitioning to a new auditor upon the retirement of the previous auditor and the change in management and directors of the Company. Our objective is to ensure that the financial reports of the Company meet the toughest scrutiny and compliance with SEC regulation."

About Modern Mobility Aids, Inc. Modern Mobility Aids, Inc. was first incorporated under the laws of the State of Nevada on December 19, 2007, under the name of Glider Inc. Its original business plan was to sell and distribute products for mobility-challenged individuals. The Company changed its name to Modern Mobility Aids, Inc. on April 22, 2010 with initial plans to distribute products for mobility-challenged individuals. In February 2014, the business focus of the Company evolved with a rapid expansion strategy in the life sciences and healthcare industry, with a focus on production of Medical Marijuana. A mandate was created to acquire companies within the biopharma and alternative medicine sectors targeting both innovative research and development as well as scalable licensed, manufacturing capacity in three niche market segments.

Safe Harbor

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding of discussion, the words "anticipate," "pleased," "plan," "confident that," "believe," "expect," "possible" or "intent to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. There are no guarantees or assurances that any proposals, initiatives or negotiations will result in what the company had originally intended. Any investment made into Modern Mobility Aids, Inc., would be classified as speculative and risky. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional or adequate financing, government approvals or changes to proposed laws and other risks and uncertainties further stated in the company's financial reports and filings.

Contact: CONTACT INFO: Modern Mobility Aids, Inc. Public Relations and Shareholder Information [e-mail]