HENDERSON, Nev., April 20, 2015 (GLOBE NEWSWIRE) -- Strategic Rare Earth Metals, Inc. (OTC Pink:SREH) is pleased to announced today that the Company is taking a number of steps in its ongoing commitment to increase shareholder value.
First, the Company will be announcing a major acquisition and a new business direction for the Company later this week. Toward that end, the Company will begin the process to obtain a new stock symbol and change the name of the company.
In conjunction with the new business direction the Company will be taking action to become a fully reporting company as defined by Sections 13 and 15(d) of the Securities Exchange Act with a goal of achieving an uplisting to OTCQB status to provide more transparency to its shareholders and investors. The Company is also working on a new website which it expects to be available shortly. We will continue to update our shareholders as progress continues to move ahead at a fast pace.
Bill Schaefer, CEO/President of Strategic Rare Earth Metals, Inc., stated, "I am very excited and confident that the company is in a better position now than at any time before."
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
CONTACT: Bill Schaefer, CEO/President 562-453-7643Source:Strategic Rare Earth Metals, Inc.