BETHESDA, MARYLAND--(Marketwired - Dec. 18, 2013) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
Snipp Interactive Inc. (TSX VENTURE:SPN) has retained A.B. Korelin & Associates Inc. of Blaine, Wash., to assist the company in its preparation and submission of the company's Form 20-F registration statement with the Securities and Exchange Commission.
Filing of the Form 20-F allows for the company to remain compliant with US Securities law as a majority of its business is based in the US and a large percentage of its shareholders are US Citizens. The filing is also a necessary first step in the company's strategy to expose U.S. stockbrokers, institutions and investors to the company. Once the Form 20-F becomes effective with the SEC, Snipp Interactive Inc. becomes a fully reporting issuer in the United States allowing the company to raise capital from US Investors and Institutions to pursue its growth strategy as well as consider the advantages of listing on one of the U.S. exchanges.
Atul Sabharwal, company CEO said: "Filing of the Form 20-F will require the company to file registration statements, periodic reports and other forms through EDGAR. When registered, Snipp Interactive Inc. will provide analysts, brokers and institutions in the U.S. the confidence that the company is registered with the SEC and will assist them in discussing the company with American residents. Registration will also allow anyone access to SEC-registered information on the company by way of the Internet."
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.
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Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners.
This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Snipp. The securities of Snipp have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.