Nova Electronic Immobilization, PLC Considering Steps to Enhance Shareholder Value and Investor Relations in U.S.
DESTIN, Fla., Nov. 20, 2012 /PRNewswire/ -- Nova Electric Immobilization Devices, PLC (Nova EID), a U.K. company with shares quoted on the Berlin Stock Exchange (symbol: 4NE), announced today a proposed program to enhance shareholder value and investor relations in the United States. Since 1992, Nova has made and distributed a line of less lethal,electric "stun" devices for law enforcement and military. nova-usa.com
Nova EID filed an application with Standard & Poor's for listing company information in S&P Corporate Records.
Nova EID also pursues filing of Form 211 through a U.S. brokerage firm to seek possible quotation of Nova EID securities on the Pink Tier of The OTC Markets Group, Inc.
If Form 211 is filed with FINRA (Financial Industry Regulatory Authority), and if Form 211 is approved by FINRA, then Nova EID would seek DTC eligibility through a Depository Trust Company or "DTC" participant.
FORWARD LOOKING STATEMENTS: This document may contain forward-looking statements protected by the Private Securities Litigation Reform Act of 1995, as amended. Such statements include words like "anticipate," "hope," "assume," "expect," "project," "believes," or similar words. Actual results may differ from those results indicated by forward-looking statements. Readers of this document should not assume results will be as indicated by forward-looking statements. There are a number of factors, many beyond the control of or beyond the ability to foresee of Nova EID, that determine actual results. The filing of any application referenced above depends on the willingness of third party to file the application and pursue its approval. Approval of these applications is made by third parties who may take months to review the applications and may deny the applications without explanation or right of appeal. Nova EID may be unable to persuade any brokerage firms that it has had discussions in the past month to actually file Form 211 or DTC eligibility application. As such, Nova EID may be unable to successfully implement the above shareholder value and investor relations program. Nova EID securities are not currently freely traded or eligible for trading in the U.S. Neither this document nor any of its contents are an offer to sell any securities, investment advice or a solicitation of any offer to purchase or sell securities. URL's referenced above do not incorporate any content into this document.
SOURCE Nova Electronic Immobilization, PLC