December 05, 2012
Microlog Corporation Plans to Become Reporting Pink Sheets Company
By Calvin Azuri
Microlog Corporation recently announced that it will soon shift to the fully-reporting "orange level" of disclosure on www.pinksheets.com.
The company, which currently serves a number of leading government, healthcare and lottery organizations, expects its move to the OTCQB will help it in not only attract new employees, but help with future acquisitions and financing deals.
Microlog Corporation is a specialist in interactive voice response (IVR) and call center software solutions.
In a statement, Richard Meccarielli, CEO at Microlog, said "We believe that the increased disclosure required by the Pink Sheets and the OTCQB will provide our investors with the information they need to make an informed investing decision. Moving to the OTCQB will also give us a better currency for use in potential acquisitions and financings and to attract new employees."
Microlog's move to the orange level will essentially be carried out in two stages: In the first stage, which the company is expecting to complete by March 31, 2013, is to become a reporting Pink Sheets company. Microlog must therefore provide certain financial and corporate information to www.pinksheets.com.
In the second stage, Microlog will file a registration statement with the U.S. Securities and Exchange Commission. Once this is accomplished, it will become a fully reporting company on the OTCQB (orange level).
The company also said it will be filing the necessary registration statement in 2013 in order to become fully reporting by December 2013 the the latest.
Microlog Corporation focuses on designing, implementing and servicing patented software applications for improving customer contact center experience productivity. The company also offers its clients extensive consultation, covering numerous system integration options.
The firm’s services portfolio supports the migration of e-commerce into the traditional call center environment via Web enablement.
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Edited by Braden Becker