PITTSBURGH, July 14, 2015 (GLOBE NEWSWIRE) -- (OTC Pink:GSPH), Geospatial Corporation announced today that the Securities and Exchange Commission has declared the Company’s Registration Statement on Form S-1 effective.
Details can be found on the SEC’s website at www.sec.gov/edgar/searchedgar/companysearch.html
In addition, with the effectiveness of the S-1 filing, the Company has applied to have its stock “up-listed” from the Pink Sheets to the OTCQB®. The OTCQB® Venture Marketplace is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
Mark Smith, Geospatial’s CEO stated, “We are pleased to take these important steps in the development of Geospatial. In addition, we have focused on providing technology in innovative ways focused heavily on such future opportunities to provide infrastructure data to global initiatives such as The Internet of Things, Smart Cities and the critical rehabilitation of our deteriorated urban infrastructure.” Mark went on to say, “In addition, we are taking the necessary steps to allow us to attract both world class talent and the capital resources to build a truly great company.”
About Geospatial Corporation
Geospatial Corporation utilizes integrated technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate three-dimensional (3D) digital maps and models of underground infrastructure. Our website is www.GeospatialCorporation.com. The Company manages this critical infrastructure data on GeoUnderground, our cloud-based GIS Portal (www.GeoUnderground.com).
Licensed users, for the first time, have available to them a suite of technologies allowing them to collect data and create highly accurate 3D maps and models of both above-ground and below-ground infrastructure and view and share this invaluable information in a secure manner with their peers and associates anywhere in the world through a conventional browser via the Cloud.
Forward looking statements
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements, if any, are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings or as a result of other factors.
SOURCE: Geospatial Corporation Mark A. Smith – Chairman & CEO Voice: 724-353-3400 Email: Mark.Smith@GeospatialCorp.com www.GeospatialCorporation.com CONTACT: Investor Relations Info@GeospatialCorporation.com