Salon City, Inc. Approved for Listing on the OTCBB
2008-03-31 05:00:00
Salon City, Inc. Approved for Listing on the OTCBB
WEST HOLLYWOOD, CA–( EMWNews – March 31, 2008) – Salon City, Inc. (
first publicly-traded media company to brand its unique content of beauty
entertainment to consumers, announced that on 27 March its common stock was
approved by the Financial Industry Regulatory Authority (FINRA) to be
listed and traded on the OTC Bulletin Board®. Salon City’s OTCBB trading
commenced on 28 March under the new trading symbol of SLON.OB
The OTCBB is a regulated quotation service that displays real-time quotes,
last-sale prices, and volume information in over-the-counter (OTC)
securities. An OTC equity security is generally any equity that is not
listed or traded on NASDAQ® or a national securities exchange. OTCBB
securities include national, regional, and foreign equity issues, warrants,
units, American Depositary Receipts (ADRs), and Direct Participation
Programs (DPPs).
Salon City Inc. became a public company in June 2006 and has been fully
reporting since that time. Steven Casciola, president and CEO of Salon
City, Inc., explained that, “Our listing on the OTCBB makes Salon City
securities available to a broader range of investors and market makers. We
also expect it to have a positive effect on the liquidity of our common
stock. We’re very excited to finally have our listing in place.”
Additional news on Salon City’s uplisting and OTCBB trading will be
released as it becomes available.
ABOUT SALON CITY, INC.
Salon City Inc., the leading media company for beauty entertainment and the
first to brand the genre, publishes Salon City magazine, where Life is
Beautiful(SM). It is distributed nationally by Time Warner Retail, a Time
Warner Company (
Services, an AmRep company (
world.
For information about SCI, visit www.saloncity.com or e-mail at
[email protected]. Join the weekly conference call Thursdays at 4pm EST.
(605/475-6300, Code: 010405)
Certain information contained in these materials is “forward-looking”
information, such as projections, estimates, pro formas, or statements of
intentions, expectations or plans. All forward-looking information is
subject to known and unknown risks and uncertainties, many of which are
outside of the control of the Company. Consequently, actual results may,
and probably will, differ materially from the results contemplated in such
forward-looking information.
CONTACT: Salon City, Inc. Steven G. Casciola President and CEO 310/358-9017 Renee Simone |
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