DRAPER, Utah, March 10, 2011 /PRNewswire/ -- aVinci Media Corporation (OTCQB: AVMC) announced that due to the changes taking place broadly on the OTCBB, aVinci's stock information has been moved and is now available on the OTCQB. The OTCQB identifies and provides information regarding companies such as aVinci that are reporting to the SEC and are current in their reporting obligations. A move to the OCTQB does not mean a delinquency or lower reporting quality. aVinci was one of more than 600 hundred companies delisted from the OTC Bulletin Board in February as a result of a requirement that all listed companies maintain one registered market maker.
Listed companies are not allowed to voluntarily withdraw from the OTCBB; however, market makers are allowed to withdraw and many have been withdrawing because of an enacted participation fee associated with maintaining registration. When aVinci's registered market marker withdrew, aVinci's listing was removed after four days pursuant to Rule 15c-211.
aVinci is a cloud based social utility that allows anyone, anywhere to spontaneously share, instantly stream and automatically create personalized photo products from their mobile device in addition to developing easy-to-use multi-media authoring solutions deployed in retail stores which allow customers to create photo archive, photo book, poster, DVD archive and other products to enjoy at home or share on social networks and mobile platforms. aVinci products are available online and in more than 10,500 storefronts through retailers and partners such as Walmart, Walgreens, Meijer, HP, World Wrestling Entertainment Inc. and Fujicolor. For more information about aVinci, its products, and partners visit www.avincimedia.com, www.myespnhighlights.com, and www.wwecreate.com.
Safe Harbor Statement
This press release may contain forward-looking statements which speak only as of the date made and are not guarantees of future action or performance and are subject to a number of risks, assumptions and uncertainties detailed in our filings with the Securities and Exchange Commission (which can be found at www.sec.gov), that could cause our actual results to differ materially from those stated in such statements. We undertake no obligation to publicly update or revise any forward-looking statements.
SOURCE aVinci Media Corporation