SOURCE: Microlog Corporation
November 27, 2012 10:00 ET
GAITHERSBURG, MD--(Marketwire - Nov 27, 2012) - Microlog Corporation (PINKSHEETS: MLOG), a Gaithersburg, Maryland-based technology leader in Interactive Voice Response and Call Center software solutions for the Government, Healthcare and Lotteries, is pleased to announce its plan to move to the fully-reporting "orange level" of disclosure on www.pinksheets.com.
"We believe that the increased disclosure required by the Pink Sheets and the OTCQB will provide our investors with the information they need to make an informed investing decision," said Richard Meccarielli, CEO of Microlog. "Moving to the OTCQB will also give us a better currency for use in potential acquisitions and financings and to attract new employees."
The company plans to move to the orange level in two stages. The first stage, which Microlog plans to complete by March 31, 2013, is to become a reporting Pink Sheets company by providing certain financial and corporate information to www.pinksheets.com. The second step, which will require the filing of a registration statement with the U.S. Securities and Exchange Commission, will then be to become a fully reporting company on the OTCQB (orange level). Microlog plans to file the necessary registration statement in 2013 with a goal of becoming fully reporting by no later than December 2013.
Microlog Corporation designs, implements and services patented software applications that enhance the productivity of the customer contact center experience, as well as providing consultation on a variety of system integration options. The company's services encompass the migration of e-commerce into the traditional call center environment by Web enablement. Microlog's award winning products support this Web enablement, as well as supporting all inbound and outbound media, telephone, e-mail, fax, and Web for contact centers.
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