The Now Corporation Initiates Steps Toward OTC Markets Current Information Tier
The Now Corporation Initiates Steps Toward OTC Markets Current Information Tier
PORTLAND, Ore.--(BUSINESS WIRE)-- The Now Corporation (USOTC: NWPN ) changed their Board of Directors on March 17th 2013 and have signed an agreement with OTC Pinksheet Company Drake Gold "DKGR," a purchase and sale project to rework 146 wells on 559 acres on the Rensma lease, Venango County Pennsylvania.
We also are pleased to announce that new management has initiated the necessary procedures to upgrade its status on OTC Markets to its Current Information Tier toward an increase in overall transparency, accessibility and market confidence.
The Company filed their last Quarterly report in March 2008 and is working to ensure necessary filings to effect and maintain Current Information status are submitted expeditiously toward building shareholder value in the company.
The Now Corporation executives feel that the necessary legal and accounting activities required to complete the upgrade may take several months to complete; however, The Now Corporation management has confirmed that the company has not issued any shares of any kind for the past five years and that its totals of both common and preferred shares outstanding have remained unchanged since February 2008.
ABOUT THE NOW CORP.
On December 1, 2006 the Company acquired 100% of the business operating assets of Para Mas Internet, Inc., a Nevada corporation in exchange for a $10,000,000 note. Para Mas Internet, Inc. provides promotional services to businesses as a wholly owned subsidiary of the Company.
Through a membership-based internet shopping site and kiosks, businesses can offer customers and employees exclusive discounts on their products and services plus the additional benefit of discounts on other products and services including tickets for popular entertainment and recreational attractions.
New Management will be evaluating all of the assets in the Company and will also be pursuing new venture opportunities. Shareholders are reminded that any new asset coming into this Company will require financing to complete any given transaction, and until Management can obtain future financing for the Company beyond the Drake Gold venture any or all negotiations will be "Letters Of Intent Only".
The company has set up a web site at www.thenowcorporation.net and management through their best efforts will update all changes through this web site under "UPDATES".
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of The Now Corporation which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT: BRIAN SIMS 604-421-4072
The Now Corporation
Brian Sims, 604-421-4072
KEYWORDS: United States North America Oregon
INDUSTRY KEYWORDS:
The article The Now Corporation Initiates Steps Toward OTC Markets Current Information Tier originally appeared on Fool.com.
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