SAN ANTONIO -- Sweet Success Enterprises Inc. (OTC: SWTS) announced today that the Securities and Exchange Commission has completed its review of the Company's 10-SB filing, a requirement for the Company's stock to be listed on the NASDAQ's Over The Counter Bulletin Board (OTCBB).
The Company is now working with a market maker to sponsor the application for a listing on the OTCBB.
"We are pleased to learn the SEC has completed its comments on our filings and look forward to applying for a listing on the Bulletin Board that will expand the universe of investors who can purchase our stock," said Bill Gallagher, president and CEO of Sweet Success. "A listing on the OTCBB, recently expanded product line and growing distribution are all important elements of expanding interested in the Company."
The Company's expanding line of Fuel for Health(TM) all-natural nutritional beverages are available in a growing number of stores from Florida to California. Many of the stores now carrying Sweet Success's revolutionary line of beverages are affiliated with regional and national chains.
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San Antonio-based Sweet Success Enterprises Inc. acquired Nestle USA's original Sweet Success brand in 2002, including all formulas, copyrights, trademarks, records and research. The Company has relaunched a product line to tap into the rapidly growing demand for convenient and nutritious functional beverages. Its line of Fuel for Health(TM) all-natural nutritional beverages is available in a growing number of stores and includes state-of-the-art ingredients to satiate, boost energy, increase heart health and stamina. Additional products are expected to be introduced over the next few months. Historically, approximately one billion consumer unit packages, including bars and powder mix, were previously sold by Nestle's under the Sweet Success brand name. See the Company's web site at www.sweetsuccess.com for more information and to order online.
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by the Company or on its behalf. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ include, but are not necessarily limited to, the Company's operating performance, events, or developments that the Company expects or anticipates may occur in the future are forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. Management cautions that the ability to attract clients and generate business; a decline in the Company's financial ratings; the competitive environment; the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations; and changes in market conditions