PALM CITY, Fla., Dec. 29, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM) the Florida based pool & spa industry aggregator today announced it has begun trading on the OTCQB Market and has received a Notice of Effectiveness from the SEC.
CPSM, Inc. made application to the OTC Markets on December 21, 2015 and it was accepted with effect on December 28, 2015 to trade under the symbol “SWMM”. The SEC also notified the Company that its S-1 filing was made effective at the end of business on December 22, 2015. The S-1 is non-dilutive to the Company and the Company will not receive any proceeds as a result of the filing.
Lawrence Calarco, Chairman of CPSM, Inc. stated, “The move up to the OTCQB and completion of our S-1 filing is what we believe to be an important step to enhancing shareholder value, improving market liquidity, and providing greater access to growth capital.”
CPSM, Inc. is a publicly held company serving the surging pool / spa maintenance, design, and construction industry in Florida.
Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.