PCMC Client Achieves Milestone in Quest to Trade Publicly
27 Janvier 2009 - 10:13PM
Marketwired
Public Company Management Corporation (OTCBB: PCMC) announced that
one of its clients obtained effectiveness of its $1 Million Nevada
State Registered Offering of common stock. The client plans to file
with the United States Securities and Exchange Commission (SEC) to
become fully reporting and the Financial Industry Regulatory
Authority (FINRA) to become publicly traded on the over-the-counter
Bulletin Board (OTCBB).
Nevada's State Registered Offering allows companies to raise up
to $1 Million by offering securities to residents and qualified
guests in the State of Nevada. Bob Beers, CPA and former Nevada
State Senator, will serves as the client's agent of the issuer to
assist the client in distributing its shares of common stock.
"Here is an example of a proactive small business with the
foresight to take advantage of Nevada's business-friendly
practices," said Stephen Brock, President and CEO of PCMC. "We
continue to believe that for small companies that need to infuse
new capital into their operations, Nevada's State Registered
Offering is one of the only options available and the best way to
get started during this credit crunch and tough economic times.
Taking this step is ideal as a training ground for becoming a fully
reporting, public company, and we look forward to working with
another client as they progress on this journey."
About the Client and Its Industry
Based in the Dallas suburb of Allen, Texas, the client is a
national provider of online and home-based career and technical
education, or CTE, services. The client provides a suite of
continuing education courses for insurance agents, real estate
agents, mortgage brokers, loan officers, private investigators,
private security professionals, cosmetologists, electricians,
people in the heating, ventilating, and air conditioning, or HVAC
industry, and x-ray technicians. The client also provides
pre-license education for aspiring real estate salespeople, real
estate brokers and home inspectors. The client generated revenue of
$1.6 Million, had net loss of $690,075 primarily due to share based
compensation (noncash) of $812,500 and had net cash provided by
operating activities of $235,692 during its fiscal year ended
December 31, 2007.
The education and training services industry includes
approximately 45,000 companies and 300,000 self-employed
individuals with combined annual revenue of nearly $30 billion. The
industry is highly fragmented, with no one provider controlling
significant market share. The industry encompasses job-specific
certification, professional training and classes emphasizing
self-fulfillment, leisure and hobbies. Many of the industry's
programs, classes and training services fall under the category of
CTE, which was historically known as vocational education, or
vo-tech. High schools, community colleges, universities, and
educational support services are not included in this industry.
About Public Company Management Corporation
PCMC is a management consulting firm that educates and assists
small businesses to improve their management, corporate governance,
regulatory compliance and other business processes with a focus on
capital market participation. We provide solutions to clients at
various stages of the business lifecycle:
-- Educational products to improve business processes or explore entering
the capital markets.
-- Consulting to early-stage companies planning for growth.
-- Management consulting services to companies seeking to enter the
public capital markets via self-underwriting or direct public offering or
move from one capital market to another.
-- Regulatory compliance services to fully reporting, publicly traded
companies.
As a public company with its common stock quoted and traded on
the OTCBB, PCMC endeavors to lead by example.
In an effort to engender greater awareness, transparency and
mainstream legitimacy to the OTCBB, a frequently misunderstood
capital market, PCMC has established the PCMC Bulletin Board 30
Index�, which can be viewed at
http://PublicCompanyManagement.com/PCMC-30. The companies listed in
the index are not clients of PCMC and PCMC does not own any of
their securities.
Safe Harbor
This press release contains or may contain forward-looking
statements such as statements regarding PCMC's growth and
profitability, growth strategy, liquidity and access to public
markets, operating expense reduction, and trends in the industry in
which PCMC operates which could have a material effect on PCMC's
current business model, the ability of PCMC's clients to access
capital markets through the sale of common stock or otherwise, to
file and become fully reporting, publicly traded companies or to
satisfy the SEC periodic or other reporting and/or corporate
governance requirements if such clients were to become fully
reporting public companies, and the ability of PCMC or any of its
subsidiaries to consult with or advise its clients with respect to
accomplishing any of the same. The forward-looking statements
contained in this press release are also subject to other risks and
uncertainties, including those more fully described in PCMC's
filings with the SEC. PCMC assumes no obligation to update these
forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.
Public Company Management Corporation (OTCBB: PCMC)
Contact: Public Company Management Corporation Stephen Brock
Chief Executive Officer Phone: (702) 222-9076 Email Contact
http://www.PublicCompanyManagement.com
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