Today before the opening bell, TiVUS, Inc. announced it has posted its completed independent audit of its fiscal years 2009 and 2010 at OTC Markets Group (www.otcmarkets.com).
“We are pleased our PCAOB-compliant audit was concluded successfully,” stated Shiva Prakash, TiVUS’ chief executive officer. “With this important milestone behind us, we can move forward with all necessary regulatory filings to register our securities and become a fully reporting public company under the United States Securities & Exchange Commission (SEC).”
Prakash continued, “In conjunction with the audit’s completion, we are currently preparing SEC Form 10 to register our securities and qualify for an up-list market tier on the OTC Markets trading platform from OTCPK to OTCQB.”
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC. OTCQB securities are quoted on OTC Markets Group’s quotation and trading system and some may also be quoted on FINRA’s Bulletin Board. More information can be found at the following link: http://www.otcmarkets.com/content/doc/ps/OTCQBfactsheet.pdf
“With ad-sales, the final phase of our hotel HD IPTV with ad-insertion deployment, currently underway, we expect the Company to soon reach another highly anticipated milestone as the Company’s first ad-revenues begin this month,” Prakash concluded.
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