NEW YORK, Feb 9, 2011 (GlobeNewswire via COMTEX) -- Monogram Energy, Inc. (MGRN) announces today that it has fulfilled the requirements of OTC Markets in order to move up to the Limited Information Tier. New financial information on the company is now available on www.otcmarkets.com.
OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information for Pink Sheets companies.
Monogram’s Board mentioned "This is a new year for the company and we realize the importance of keeping our shareholders aware of our current operations and that most certainly includes financial information. In order to enhance our shareholders decision making ability we will be continually working towards increasing our transparency. While we are very busy at the moment lining up deals and executing our operations we will be devoting time over the next few weeks to prepare an Initial Disclosure Document for our shareholders which will give them the specific details on our company which they have been waiting for. Once this is completed we will be submitting it to OTC Markets with the expectation of moving the company up to the Current Information Tier.”
OTC Markets Inc is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.