BOSTON, Dec. 12, 2011 /PRNewswire/ -- The Evermedia Group, Inc. (Pinksheets: EVRM) satisfied the Alternative Reporting Standard set by OTC Markets last month, raising the Company's listing from the Limited Information tier to the OTC Pink Current Information tier, the highest level of reporting available for Pink Sheet Companies. To achieve this, Evermedia submitted an Initial Company Information and Disclosure Statement detailing information related to the Company's management, capital structure, financial statements and business operations. This Disclosure Statement and an Attorney Letter verifying the Statement's accuracy are available in the financial section of Evermedia's corporate profile on the OTC Markets website.
Evermedia will continue to enhance its website (www.biiometrix.com) to include relevant articles published by management and third parties to keep shareholders aware of current industry trends. The site also provides comprehensive information about products and services. Shareholders are encouraged to reference the site as the primary source of information regarding the company; upcoming features introduced in the New Year will further improve communication with shareholders. Responding to overwhelming requests, Facebook and Twitter followers will enjoy more regular updates, news, thoughts and comments. We will also increase the frequency of scheduled conference calls to provide greater visibility to issues that concern management.
Regarding the Company's initiatives towards greater transparency, CEO of The Evermedia Group, Jonathan Sym, reiterated that, "As the majority of our revenues are derived from supporting federal projects, it's often difficult to release updates on our activities and operations due to privacy concerns of the supported activity. Often times, we are not authorized to publish press releases or publicly discuss seemingly inconsequential information that we desire to release to our shareholders and the investing public. All allowable disclosures and non-sensitive information will continue to be posted, primarily on our website and social media platforms."
About The Evermedia Group, Inc.
The Evermedia Group, Inc. is a Service Disabled, Veteran Owned Small Business (SDVOSB) providing defense and security solutions to government agencies and private entities. Evermedia Group's wholly-owned operating subsidiaries include defense contractor System Technology Solutions, Inc. and biometric technology developer Evermedia Biometrics Corporation. Follow Evermedia on Facebook (facebook.com/Evermedia) and Twitter (twitter.com/evermediagroup).
Safe Harbor Statement
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of The Evermedia Group, Inc. and its subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by Evermedia's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Evermedia and its customers, suppliers and partners; the protection of Evermedia's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Evermedia's Alternative Reporting Standard disclosure on www.otcmarkets.com. Evermedia assumes no obligation and does not intend to update these forward-looking statements.
© 2011 The Evermedia Group, Inc. The information contained herein is subject to change without notice. Evermedia shall not be liable for technical or editorial errors or omissions contained herein.
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