"Our relisting on the OTCBB is a critical and important step for PowerHouse and our investors" said Jay Elliot, Chairman and CEO. "Relisting and maintaining the confidence of our investors have been key company goals. We have worked diligently to re-establish the required compliance and reporting."
The Company filed its application for relisting to the OTCBB several months ago, however effectiveness of its registration statement was a condition to relisting. On December 23, 2004 the SEC ordered the Registration Statement effective under the Securities Act.
About PowerHouse Technologies Group
PowerHouse Technologies Group, Inc. (http://www.pwhtgroup.com/), headquartered in San Ramon, Calif., is a leading provider of mobile computing software. The company's award-winning software product line, Migo(TM), revolutionizes business and personal computing portability. Migo's patented technology offers an information management solution for Windows(R) and Outlook(R) based systems.
For more information on the Migo line of products please visit http://www.4migo.com/, or to join an email alert list visit the Investor Relations section of the PowerHouse Technologies Web site: http://www.pwhtgroup.com/company/investor_relations.shtml .
SAFE HARBOR PROVISION: Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Additional information concerning forward-looking statements is contained under the heading of risk factors listed from time to time in PowerHouse Technologies Group, Inc.'s filings with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information.
Press Contacts: Colleen Cavanaugh The Hoffman Agency ccavanaugh@hoffman.com 770-448-2661 Kathy Freeman PowerHouse Technologies kfreeman@pwhtgroup.com 925-328-1100 Ext. 319 Investor Contact: David Wells PowerHouse Technologies Group dwells@pwhtgroup.com 925-328-1100 ext. 303
PowerHouse Technologies Group, Inc.
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