Nutrition Management Services Company Announces Decision to Deregister its Class A Co... ( NEW YORK Feb .After careful c...)

Nutrition Management Services Company Announces Decision to Deregister its Class A Common Stock

Date:2/5/2010

NEW YORK, Feb. 5 /PRNewswire-FirstCall/ -- Nutrition Management Services Company (the "Company" or "NMSC") (Pink Sheets: NMSCA) today announced that its Board of Directors unanimously approved the termination of the registration of its common stock under the Securities Exchange Act of 1934, as amended. The Company will file a Form 15 with the Securities and Exchange Commission (the "SEC") to effect this on or about February 12, 2010.

After careful consideration, the Board of Directors decided to deregister based on its belief that the savings the Company will achieve as a result of deregistration, particularly on costs related to the preparation and filing of SEC reports and compliance with Sarbanes-Oxley obligations, will benefit shareholders, and such benefits will outweigh any advantages of continuing as an SEC reporting company. The obligation of filing SEC reports and complying with Sarbanes-Oxley has become too burdensome and expensive for a company of NMSC's size.

Upon the filing of the Form 15, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q, and 8-K, will be suspended. The Company expects that the deregistration will become effective 90 days after the filing of the Form 15.

Cautionary Note Regarding Forward-Looking Statements: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Nutrition Management Services Company makes forward-looking statements in this press release, which represent our expect
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SOURCE Nutrition Management Services Company
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