Muscle Flex Inc. announced this morning that it has returned to ‘Current Information’ status with PinkSheets.com after filing its required financial information. The Muscle Flex September 2009 financials were delayed two weeks as a result of engaging a new accounting firm that is currently preparing its financials to audit fiscal years 2008 and 2009.
Early next year, Muscle Flex Inc. plans to transition the company to a fully-reporting company listed on the OTC Bulletin Board (OTCBB). The company aims to provide the highest level of corporate accountability and visibility, as well as significantly expand the market for its stock.
Muscle Flex Inc. emphasized their commitment to provide its shareholders with greater accessibility to current information affecting their investment in the company. Moving to the OTCBB would require Muscle Flex Inc. to issue regular SEC-mandated filings, such as quarterly financial reports, along with communicating other material developments in a timely fashion.
Danny Alex commented, “We want to increase transparency as much as possible now and in the future. Until a listing on the OTCBB occurs, Muscle Flex will continue trading on the Pink Sheets and keep the financial community up-to-date with our progress through press releases and voluntary filings that are available at www.pinksheets.com.”
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