Aria International Holdings, Inc. Voluntarily Files Form 15
ARLINGTON, Va, April 1 /PRNewswire-FirstCall/ -- Aria International Holdings, Inc. (Pink Sheets: ARAH) "Aria," a company focused on providing specialized surveillance and communications solutions to a global customer base announced that the Company filed a Form 15 with the Securities and Exchange Commission ("SEC") on March 29, 2010, thereby, voluntarily suspending its reporting obligations under the Securities Exchange Act of 1934.
As a result of filing the Form 15, the Company will no longer be required to file annual and quarterly reports with the SEC. The Company took this action in order to focus its resources on further developing and marketing its unique services. The Company's common stock will continue to be eligible for public trading only now it will occur through the Pink Sheets (www.pinksheets.com) quotations system instead of the OTC Bulletin Board.
"Because we have less than 300 shareholders of record we are not obligated to continue filing periodic reports with the SEC," stated Mike Crosby, President of Aria. "The discovery of several issues, unknown to Aria's current management at the time of last year's 'reverse merger,' has resulted in a significant drain on our resources during the past year, as a result of substantial expenditures for auditing, filing and legal expenses required to address these unforeseen issues and to maintain an OTC Bulletin Board listing. By reducing the costs associated with being a reporting company, we will now be able to focus all of our energies and resources on the promotion of our state-of-the-art surveillance and communications solutions. We believe that, at this stage of our operations, using our resources to grow our business better serves the interest of our shareholders."
About Aria International Holdings, Inc.
Aria International Holdings, Inc. ("Aria"). Aria is focused on providing specialized surveillance and communications solutions to a global customer base. Aria operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Working closely with our clients in a flexible and responsive manner, we are able to provide highly effective solutions that respond well to our customers' defense and security requirements. For more information, visit www.aria-int.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contain certain 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, with the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties and the actual future results of Aria International Holdings, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general domestic and international economic climate. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Aria International, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
For more information contact: |
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Arian International Holdings, Inc. |
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Investor Relations |
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Contact: Jody M. Janson |
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Tel: (888) 802-ARIA (2742) |
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Email: [email protected] |
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SOURCE Aria International Holdings, Inc.
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