SCIOTA, Pa., Oct. 9, 2012 /PRNewswire/ -- AmeriWorks
Financial Services, Inc. (OTC: AWKS) announced today that it has
acquired a 35% interest in SmallStock Capital, Inc. ("SSTK").
SSTK is a private investment banking company offering financial
consulting services to private and public companies in all forms of
corporate governance, capital structures and the development of
private placements and other securities related services. In
addition, SSTK is currently developing a new web site called the
SmallStock Exchange where private placements under the expanded
Regulation 506 rules of the new JOBS Act along with a crowd funding
platform will allow small US businesses to offer their securities
to the public. SSTK plans to preview the SmallStock Exchange to the
public by January 15, 2013 and
register with the Securities & Exchange Commission ("SEC") as a
funding portal. The SmallStock Exchange will provide free
membership to investors allowing members to review all security
offerings posted on the exchange website and participate in any
offering or crowd funding through a uniform policy to be
established by SSTK, including the escrow of funds through approved
escrow agents and the protection of investor participation in small
offerings by the use of approved subscription agreements.
Business securities offerings will be posted for an exchange
fee.
"SmallStock Capital first provided financial consulting services
in 1995 as an affiliate of First Summit Securities, Inc., an NASD
broker/dealer," stated Louis Perosi,
Jr., President of AWKS. "In addition, the concept of
an Internet based URL to offer and sell private placements was
first filed with the SEC by SSTK in 1996 under the proposed name
the SmallStock Journal. The 1996 filing was based on the
relaxed rules governing private placements under Rule 504 of the
Securities Act of 1933, as amended. However, when the SEC reversed
its rulings on Rule 504 in 1997, SSTK withdrew its application at
that time," said Perosi. The JOBS Act provides a new window of
opportunity for SSTK to use its previous experience to launch the
SmallStock Exchange in compliance with all SEC regulations and
certain self-regulated policies. The exchange website will also
allow private companies a platform to post private stock prices for
their shareholders; publish blogs, corporate information, press
releases and; find links to other security professionals and
on-line brokers. One of the proposed exchange polices will be an
executive testing requirement for the top two executives of each
business planning to use the exchange website as a source of public
funding. Called the Executive Fiduciary & Responsibilities
Exam, ("EFRE") the course will be a joint effort between AWKS and
SSTK with the course content published on a training site presently
owned by AWKS at www.pos-university.com. The course price has
initially been set at $750. As crowd
funding sites begin to show up in anticipation of the expected new
SEC rules governing such sites, it is important to note that many
businesses attempting to raise funds from the public have
executives who have little or no knowledge of their
responsibilities to public shareholders. The SmallStock
Exchange may be the only funding platform to impose certain
self-regulated policies regarding business funding and require
executives to test their understanding of the transition from a
private company to a quasi- public or public company and their
responsibilities thereafter.
AWKS and SSTK are also developing www.StreetDocs.biz, a web site
where small businesses can find forms and documents for everything
from employee agreements to reverse merger documents in template
form. SSTK expects more than 200 forms to be initially
available at www.StreetDocs.biz and is establishing a vendor
account with Pay Pal for buyers of the forms found at
www.StreetDocs.biz. SSTK expects the offer of forms and
documents at this website to be supplemented with other business
related services after the initial launch of the site expected
January 15,
2013.
For more information contact Louis
Perosi, Jr., President of AmeriWorks Financial Services,
Inc. at 1-888-282-2802. AWKS is traded in the OTC Markets Pink
Sheets.
This press release is not an offer to sell or a
solicitation to buy the shares of stock, which offer to sell or
solicitation to buy can only be made through a prospectus or an
offering memorandum. For more information, contact AWKS and
the contact person shown above.
SOURCE AmeriWorks Financial Services, Inc.