COLDSPRING, Texas, Jan. 28, 2014 (GLOBE NEWSWIRE) -- BenchMark Energy Corp. (OTCPink:BMRK), a refiner and supplier of Glycerin for commercial processes, announced that they intend to become fully reporting under the Securities Act of 1934 with the SEC upon approval of the appropriate regulatory agencies.
BenchMark Energy Corp. intends to not just bring the company current under OTC Markets standards, but intends to file an S-1 registration statement for approval in the first quarter of 2014 in hope of becoming a fully reporting entity with the SEC under the Securities Act of 1934.
The Company has retained legal counsel, and is in the process of retaining an independent auditor in order to begin the process of conducting fully audited financials on the company and its current operations. The Company's intention is to file an S-1 statement with the SEC to become listed on the OTCQB exchange in 2014.
Any approval to uplist to OTCQB is subject to completion of audits, and final approval by such regulatory agencies, such as FINRA and SEC. Therefore, investors are advised to rely on our financial information filed with OTC Markets until any such approval of filings with said regulatory agencies.
Mark Bateman, the CEO of BenchMark Energy Corp. commented, "BenchMark Energy is very committed to bring increased transparency, and maintaining its objective to a higher listing. Without a doubt, becoming a fully reporting entity under SEC standards requires a rigorous review process and increase in internal financial controls, but as we embark on the launch of our antifreeze product in the start of 2014, the process of filing an S-1 registration is part of our main goal in growing Benchmark Energy, and its standing within the markets. Any action to upgrade BenchMark trading standards is subject to final approval from regulatory agencies."
Photos of our Timberline Antifreeze product brand are now available on our official Twitter account at http://twitter.com/BenchMarkE
As of Jan. 2014, the Company had approximately 23.5 million common shares issued and outstanding, with a public float of around 1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge." – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENTS
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT: INVESTOR RELATIONS Ashlee Guzman Phone: (832) 691-0011 Email: firstname.lastname@example.org
Source:BenchMark Energy Corporation