×

MPM Technologies Inc. Reiterates Its Plan to Come Into Compliance as a Fully-Reporting Company

SPOKANE, Wash., Oct. 1, 2013 (GLOBE NEWSWIRE) -- MPM Technologies Inc. (the "Company") (OTC:MPML) today announces management's commitment to aggressively pursue its plan to bring the Company back into fully reporting status with the Securities and Exchange Commission. Management understands how important transparency is in today's marketplace and is committed toward this goal.

Ebro Accounting & Consulting Inc, a registered CPA and professional accountancy corporation, and Lucosky Brookman LLP, a national corporate finance and securities law firm have been engaged by the Company to accelerate the process of getting its financial reporting up to date, including: updating certain prior periodic filings and maintaining compliance and reporting on an ongoing basis, along with performing other general and corporate services that may be required.

The Company will be revamping its policies, procedures, and controls, in order to obtain compliance with The Sarbanes-Oxley Act of 2002, and once in compliance with its reporting requirements, expects to be quoted on either the OTCBB and/or the OTCQB.

About MPM Technologies, Inc.: MPM is a leading global manufacturer of environmental control equipment and a developer of waste-to-value energy solutions. MPM has offices in Spokane, Wash., and Ramsey, NJ. www.mpmtech.com

About Ebro Accounting & Consulting: Ebro Accounting and Consulting is a registered CPA and professional accountancy corporation based in Orange County, California that specializes in outsourced/contract CFO, assurance, transaction advisory, consulting and tax work for both growing public and private companies, and for private companies transitioning from the private to public markets. www.ebroconsulting.com

About Lucosky Brookman LLP: Lucosky Brookman LLP is a boutique corporate finance and securities law firm with offices in New York, California and New Jersey, representing both domestic and international clients in sophisticated corporate and securities transactions, mergers and acquisitions, secured and unsecured lending transactions, PIPEs and general corporate matters. www.lucbro.com

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT: Nathan Brown nbrown@cciholdings.comSource:MPM Technologies