Sensor System Solutions, Inc. (SSYO) Merger Update
(firmenpresse) - HENDERSON, NEVADA -- (Marketwire) -- 10/31/11 -- Sensor System Solutions, Inc. (PINK SHEETS: SSYO) () is pleased to share information on the company's progress.
1. SSYO Interim management has completed the necessary filings with OTC Markets to have the "skull and bones" rank removed from its quote,
2. SSYO is currently considered "Current Information" with the highest rank of OTC Markets for its class category,
3. SSYO is entertaining a social media type start up merger candidate whose name shall not be released at this stage of due diligence in order to protect the progress of merger negotiations.
The potential new subsidiary operates in the area of social networks and uses a unique social networking system to connect individuals across variety of social groups, locales, subcultures etc. This social network brings together people around various topics to engage, encourage interaction as well as compete in social network space.
Industry Overview:
Social media had effectively changed the way people relate and do business. Social Media became the #1 activity on the Web and over 10% of companies use social media for recruitment; 1 in 5 couples meet online; 2009 US Department of Education study revealed that on average, online students outperformed those receiving face-to-face instruction, and if Facebook were a country it would be the world's 3rd largest and 2x the size of the U.S. population.
SSYO management believes that this subsidiary will revitalize SSYO business.
Sensor System Solutions, Inc. looks forward to updating the investor public as the merger talks continue.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Sensor System Solutions, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Sensor System Solutions, Inc. cautions you that any forward-looking information provided by or on behalf of Sensor System Solutions, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Sensor System Solutions, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Sensor System Solutions, Inc.'s control. In addition to those discussed in Sensor System Solutions, Inc.'s press releases, public filings, and statements by Sensor System Solutions, Inc.'s management, including, but not limited to, Sensor System Solutions, Inc.'s estimate of the sufficiency of its existing capital resources, Sensor System Solutions, Inc.'s ability to raise additional capital to fund future operations, Sensor System Solutions, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Sensor System Solutions, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Sensor System Solutions, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contacts:
Sensor System Solutions, Inc.
Investor Relations
1-647-426-1640
Investor Relations Department Inquiry
(IR)
For (M&A) and Corporate Matters
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Datum: 31.10.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1051312
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