ESPRE Solutions Files Form 10 as the First Step to Becoming Fully Reporting and Listing on OTC: BB
November 08 2007 - 11:56AM
Marketwired
PLANO, TX , a Dallas-based media solutions and technology
company with a revolutionary and patented video compression
technology, today reports that it has filed a Form 10 with the
Securities and Exchange Commission as the first step in becoming
fully reporting. The Company notes that the filing is subject to
customary SEC review and comment and that the listing on the OTC:BB
is planned for early 1Q 2008. The Company further noted that it had
deferred in excess of $2,000,000 in conformity with current revenue
recognition accounting rules and applied Black-Scholes measured
values to options and warrants which have affected previously
advised financial results.
"We have taken this major step towards becoming a fully
reporting company, an important first step for ESPRE Solutions and
our shareholders. The Form 10 provides information about our
product and marketing strategy which should be of interest to our
investors in understanding our potential as we approach what we
expect to be a breakout FY 2008. We have been very focused on
ensuring ESPRE Solutions is positioned for success. We have more
then doubled our sales and marketing staff in the last six months
with a focus on addressing market interest for our products and
services. We expect to be making additional announcements about
progress made in executing our FY 2008 plan over the coming weeks
and months," said Pete Ianace, Espre's Chief Executive Officer.
The Form 10 filing can be accessed on The Pink Sheets and on
ESPRE's website.
About ESPRE Solutions, Inc.:
Plano, Texas-based ESPRE Solutions is a public company
(PINKSHEETS: EPRT) and groundbreaking media collaboration solutions
provider that fulfills the promise of TV-quality, real-time and
streaming video over the Internet. ESPRE Solutions intends to be
the video solutions provider of choice for Internet Service
Providers, Enterprises, application developers, communications
hardware vendors and chip manufacturers, by providing both
narrowband and broadband video solutions for integration into
traditional voice and data applications. ESPRE Solutions' ESPRE
LIVE(TM) provides an integrated toolkit solution for developers to
create applications for business and personal communications. To
learn more about ESPRE Solutions, or to experience the company's
pioneering video compression technology, visit
www.espresolutions.com
SAFE HARBOR
Forward-looking statements made in this release are made
pursuant to the "safe harbor" provision of the Private Securities
Reform Act of 1995. Forward-looking statements made by ESPRE
Solutions, Inc. are not a guarantee of future performance.
PRESS CONTACT: ESPRE Solutions, Inc. Peter Leighton President
peter@espresolutions.com Market News First - News Agent Angie
Junell 214-559-9885 214-336-5058 ajunell@MN1.com
angelamjunell@yahoo.com