Tiger Team Technologies Corporation (Pink Sheets: TTMT)
has received the final report from its auditor, Houston based CPA firm
of Bailey and Malone, and is now ready to move forward as promised off
the Pink Sheet Exchange and onto an exchange that gives the company
instant credibility and legitimacy.
Tiger Team has decided to avail itself of the opportunity to list with Standard and Poor's. The requirements are similar in substance to those required of any SEC reporting company and provides recognition and legitimacy in the brokerage and financial community as well as for the company's shareholders. Management has chosen this vehicle as opposed to being a reporting company with the SEC primarily due to the over-burdensome compliance requirements and the costs associated with that compliance that are outside the scope of simply providing audited and verifiable financial statements and management statements of operations and prospects. Tiger Team expects to submit the necessary filings and complete the listing by the end of July as opposed to the 90 to 120 day time frame with the SEC. It is very realistic that by the end of July, Tiger Team will be off the Pink Sheets and on the S & P.
Cost savings are significant for a micro-cap company as the company would absorb the same costs of compliance of any reporting company as there is little difference between a Fortune 500 and a micro-cap in this regard. The S & P on the other hand has the same legitimacy, requires audited financials like all the other exchanges, holds the company accountable to its shareholders, and is a highly respected worldwide institution.
Finally Tiger Team expects to enter into contract negotiations beginning next week with CA Wireless and another client beginning in the third week of July and fully anticipates reporting a profit for the full fiscal year of 2005.
Tiger Team Technologies (T3), www.tigerteamtech.com is a leading developer of a unique process for transforming business operations of medical service providers and companies transacting business over the Internet through state-of-the-art communication hardware and software technologies. T3 has developed auditrac in accordance with federal mandated HIPPA compliance requirements. This translates to total patient privacy and security, which is key to reducing the liability and medical premiums placed on providers. Based in St. Paul, MN, the Company seeks to pursue an aggressive growth strategy targeted at corporate and individual medical practices and other entities transacting business across the Internet by leveraging this exclusive transmission process across market segments providing state-of-the-art best practices solutions for Internet and intranet transmissions.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Tiger Team has decided to avail itself of the opportunity to list with Standard and Poor's. The requirements are similar in substance to those required of any SEC reporting company and provides recognition and legitimacy in the brokerage and financial community as well as for the company's shareholders. Management has chosen this vehicle as opposed to being a reporting company with the SEC primarily due to the over-burdensome compliance requirements and the costs associated with that compliance that are outside the scope of simply providing audited and verifiable financial statements and management statements of operations and prospects. Tiger Team expects to submit the necessary filings and complete the listing by the end of July as opposed to the 90 to 120 day time frame with the SEC. It is very realistic that by the end of July, Tiger Team will be off the Pink Sheets and on the S & P.
Cost savings are significant for a micro-cap company as the company would absorb the same costs of compliance of any reporting company as there is little difference between a Fortune 500 and a micro-cap in this regard. The S & P on the other hand has the same legitimacy, requires audited financials like all the other exchanges, holds the company accountable to its shareholders, and is a highly respected worldwide institution.
Finally Tiger Team expects to enter into contract negotiations beginning next week with CA Wireless and another client beginning in the third week of July and fully anticipates reporting a profit for the full fiscal year of 2005.
Tiger Team Technologies (T3), www.tigerteamtech.com is a leading developer of a unique process for transforming business operations of medical service providers and companies transacting business over the Internet through state-of-the-art communication hardware and software technologies. T3 has developed auditrac in accordance with federal mandated HIPPA compliance requirements. This translates to total patient privacy and security, which is key to reducing the liability and medical premiums placed on providers. Based in St. Paul, MN, the Company seeks to pursue an aggressive growth strategy targeted at corporate and individual medical practices and other entities transacting business across the Internet by leveraging this exclusive transmission process across market segments providing state-of-the-art best practices solutions for Internet and intranet transmissions.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
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