BBMF Corporation Today Files Notice of Voluntary Termination of Registration of its Common Stock
July 12 2005 - 10:00AM
PR Newswire (US)
BBMF Corporation Today Files Notice of Voluntary Termination of
Registration of its Common Stock TOKYO, July 7
/Xinhua-PRNewswire-FirstCall/ -- BBMF Corporation ("BBMF") (OTC BB:
BBMF), a leading developer of mobile games, today announced that it
will voluntarily 'deregister' its common stock by filing a Form 15
with the Securities and Exchange Commission ("SEC"), thereby giving
notice of termination of registration of its common stock from
registration under Rules 12g-4(a)(1)(i) and (ii) and 12h-3(b)(1)(i)
and (ii) under the Securities Exchange Act of 1934. U.S. federal
securities laws provides that, in general, a public company with
either fewer than 300 holders of record of its registered
securities or fewer than 500 holders of record of its registered
securities and less than $10,000,000 in assets on the last day of
each of its past three fiscal years may deregister its registered
securities by filing a notice of termination of registration on
Form 15 provided no registration statements under the Securities
Act of 1933 have been declared effective within the company's
current fiscal year and the company is current with its SEC
required reports. BBMF believes it meets these criteria and that so
filing is in its best interests, and accordingly filed a Form 15
today. In addition, the common stock of BBMF will no longer be
eligible for quotation on the OTC Bulletin Board. BBMF's Board of
Directors believes this course of action to be in the best interest
of the company after having carefully considered this course of
action. BBMF's principal reasons for its decision to deregister is
the rising cost, both in money and time, of continuing its common
stock registration and complying with the increasing and changing
requirements in connection with registration in the United States
and its belief that these burdens will continue to increase in the
future. BBMF expects that the deregistration will become effective
within 90 days after its filing with the SEC. Effective upon filing
its Form 15 with the SEC, BBMF's obligation to file reports under
the Securities Exchange Act, including Forms 10-KSB, 10-QSB and
8-K, will immediately be suspended and future reports will not be
available through the SEC's EDGAR system. About BBMF Corporation
BBMF Corporation is one of the largest developers of mobile games
in the world with staff and presence in Japan, Hong Kong, China,
Korea and the United States. BBMF games and other information can
be found on its web site, http://www.bbmf.net/ . This press release
contains forward-looking statements about BBMF's future
expectations, performance, plans, and prospects, as well as
assumptions of future events. The reader is cautioned not to put
undue reliance on these forward-looking statements, as these
statements are subject to numerous factors and uncertainties that
could cause BBMF's actual results to differ materially from those
expressed or implied by these statements, including without
limitation, changes in supply and demand within the gaming
industry; business and economic conditions and trends; continued
success in technological advances; possible disruption in
commercial activities caused by political disruption in Japan or
China; reduced customer demand relative to expectations;
competitive factors; and other risk factors listed from time to
time in the company's SEC reports. Actual results may differ
materially from our expectations as the result of these and other
important factors relating to BBMF's business and product
development efforts, which are further described in BBMF's filings
with the Securities and Exchange Commission. These filings can be
obtained from the SEC's website located at http://www.sec.gov/ .
Any forward-looking statements are based on information available
to BBMF on the date of this release, and BBMF assumes no obligation
to update such statements. Contact: Hidayah Nazarudin BBMF
Corporation Tel: +813-5441-7151 Email: Web sites:
http://www.bbmf.net http://www.sec.gov DATASOURCE: BBMF Corporation
CONTACT: Hidayah Nazarudin of BBMF Corporation, +813-5441-7151,
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