TORONTO, ON / ACCESSWIRE / October 16, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the "Company"), has filed Form 15(d) with the US Securities and Exchange Commission to terminate being a reporting Issuer. "The costs and management time consumption associated with filing Annual and Quarterly Audited reports are prohibitive", advised Tito DiMarco, President of the company. "We are directing our expenditures and management resources to the operations of the company without having to focus throughout the entire year on filing reports that have no present positive influence on the progress of the company" Mr. DiMarco added. He continued, "there was a time and there will be a time again where registration with the SEC will offer advantages to our shareholders but as of this filing our investors will be well served through the disclosure requirements of OTC Markets". Mr. DiMarco’s view is that the stock value of the company is well positioned to grow within the OTC framework and affirmed an earlier press release that the company will renew and strengthen it’s commitment to the company’s core business of developing cannabis related businesses in Canada and globally and that the company continues to negotiate and evaluate opportunities in the wide open and developing Cannabis industry in Canada.
About Modern Mobility Aids, Inc.
Modern Mobility Aids, Inc. is a development stage company that focuses on the health and wellness bio medical industry including production of medical marijuana. The company was founded on December 19, 2007 and is headquartered in Toronto, Canada.
For more information please contact:
Tito DiMarco, President, Treasurer and Secretary
Email: tdimarco@mdrminc.com
Tel: 1-647-689-5855
Safe Harbor
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding of discussion, the words "excited," "plan," "believe," "intends," "expects," "focused on" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. There are no guarantees or assurances that any initiatives or negotiations will result in what the company had originally intended. Any investment made into Modern Mobility Aids, Inc., would be classified as speculative and risky. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company’s products and technologies, competitive factors, the ability to successfully complete additional or adequate financing, government approvals or changes to proposed laws and other risks and uncertainties further stated in the company’s financial reports and filings.
SOURCE: Modern Mobility Aids, Inc.
View source version on accesswire.com:
https://www.accesswire.com/525440/Modern-Mobility-Aids-Inc-Announces-Filing-of-Certification-on-Form-15-to-Suspend-Its-Reporting-Obligations-Under-Section-15d-of-The-Securities-Exchange-Act-of-1934
