Amendmt to Form 10SB with SEC
03 Oktober 2000 - 9:00AM
UK Regulatory
RNS Number:9012R
EuroTelecom Communications Inc
3 October 2000
EuroTelecom Communications, Inc.
FILES AMENDMENT TO FORM 10SB WITH THE SECURITIES
AND EXCHANGE COMMISSION
EuroTelecom Communications, Inc, http://www.eurotelecom.co.uk,
(Trading SymbolEUTC; Class A Common Stock quoted on the
Alternative Investment Market of the London Stock Exchange as
ETMa) is pleased to announce that it filed an amendment to its
registration statement on Form 10SB (10SB12G/A) with the
Securities and Exchange Commission ('SEC') on September 26,
2000.
Under rules relating to quotation on the OTC Bulletin Board (a
quotation system operated by the National Association of
Securities Dealers, Inc. in the U.S.), the Company's Common
Stock will not be eligible for quotation on the OTC Bulletin
Board until such time as the SEC accepts the Company's Form 10
SB as providing all of the information regarding the Company
required, in the opinion of the SEC, to be reported on such
form. Such approval has not yet been obtained. Although the
Company believes that the filing is in full compliance with
SEC requirements, there can be no assurance that following the
filing of the latest amendment to the Company's Form 10SB it
will in fact be accepted by the SEC. The Company's shares of
Common Stock currently trade on the Pink Sheets, a paper
quotation system of the National Quotation Bureau, LLC which
reports trades in the U.S. 'over-the-counter' securities
market.
Under SEC rules, for a security to be eligible for quotation
on the OTC Bulletin Board, the issuer of such security must
file quarterly and annual reports with the SEC under the
Securities Exchange Act of 1934 ('Exchange Act'). The process
of becoming an SEC reporting company under the Exchange Act
involves the filing with the SEC of a registration statement
(known as a Form 10SB) containing comprehensive disclosure
regarding the company, registering one or more classes of
such company's securities with the SEC. The Company filed its
original Form 10-SB and this Form became effective on December
15, 1999, which event caused the Company to become a reporting
company under the Exchange Act.
Since the Company's shares of Class A Common Stock (which are
listed on the Alternative Investment Market of the London
Stock Exchange and must not be resold to U.S. persons) are
restricted securities and are not registered under the
Exchange Act, if the OTC Bulletin Board quotation is obtained
it will only be intended to facilitate bargains made in the
Company's shares of Common Stock and not shares of Class A
Common Stock.
The OTC Bulletin Board is a regulated electronic quotation
display enabling subscribing members to reflect market making
interests in OTC Bulletin Board eligible securities. Such
securities are not listed or traded on Nasdaq or any
registered national securities exchange.
This press release contains forward-looking statements. Such
statements are based on the current expectations and beliefs
of the management of EuroTelecom Communications, Inc. and are
subject to a number of factors and uncertainties that could
cause actual results to differ materially from those described
in the forward-looking statements.
For further information, please contact :
EuroTelecom Phil Derry, Chief Executive
www.eurotelecom.co.uk Graham Ford, Chief Operations Officer
UK Telephone 01709 874600
Buchanan Communications Steve Liebmann / Siobhan Young
www.buchanan.uk.com
UK Telephone 020 7466 5000
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