SOURCE: Sebastian River Holdings, Inc.

Sebastian River Holdings, Inc.

September 05, 2012 13:22 ET

Sebastian River Holdings Announces Current Information Market Tier Filings

TORRANCE, CA--(Marketwire - Sep 5, 2012) -  Sebastian River Holdings, Inc. (PINKSHEETS: SBRH), a diversified financial holding company, today announced the Company has compiled over two years in financial statements and disclosure records, through the work of Accountants, Management, and the Florida Secretary of State that meets GAAP standards and has entered into an agreement with OTC Markets, Inc. to publish the records on the OTC Markets Disclosure and News Service to satisfy the Alternative Reporting Standard.

The company will be submitting the records for publishing upon completion of the account setup with OTC Markets, Inc. (expected to be completed within the business week). The records in their entirety will bring the company to the "Current Information" tier and remove the "Caveat Emptor" sign to resume quoting of the Company's Common Stock. According to OTC Markets, Inc. the securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to News and Disclosure Service, represented 95% of all the dollar volume traded in the OTC marketplace. The average dollar volume per security in 2011 had averaged significantly higher, for securities that obtained Current Information Status, compared to minimal average dollar amount per security with No Information.

"Fulfilling this obligation was not only important to us in our commitment to transparency and our 'Shareholder Communications Initiative' but, in bringing the company to the largest volume market tier in the over-the-counter markets." Said Dan Benjamin, CEO & Chairman, at a meeting Monday: "This achievement is certainly not where the buck stops; we have now begun progressing engaging specialty Legal Counsel and Consultants in regaining our DTC eligibility."

Forward-Looking Safe Harbor

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Contact Information

  • Contact:

    Sebastian River Holdings, Inc.
    Investor Relations Department
    Telephone: (424) 258-0167
    Facsimile: (424) 258-9458
    Email: Email Contact