TORONTO, Feb. 5 /PRNewswire-FirstCall/ -- Phinder Technologies is pleased to announce that it has met all the filing requirements and has received approval from the Ontario Securities Commission, the Ministry of Finance and the Ministry of Government Services Companies Branch to change domicile to the state of Florida.
Phinder will become an American Corporation and will lose its foreign issuer status as designated by the "F" in the stock symbol "PHDTF".
"I am excited about the move. Florida is an excellent location for us as we expand into the emerging markets. This is very good news for the company and its shareholders" stated Lex van Arem, CEO. "Having the foreign issuer designation removed from the company makes us more attractive to the U.S. investment community."
Phinder Technologies provides IP-based, end-to-end networking and telecommunications solutions. The company sells converged telecommunication products to operators in both emerging and established telecommunications markets worldwide.
FRANKFURT - WKN #: A0DQU5
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, PHDTF notes that statements contained in this announcement that are not historical facts may be forward - looking statements that are subject to a variety of risks and uncertainties. Accordingly, PHDTF wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward - looking statements may imply. There is no assurance the above - described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at http://www.sec.gov/ and many other Web sites without charge.
