BenchMark Energy Seeks to Become Fully Reporting to Improve Transparency Standards
January 28 2014 - 1:30PM
BenchMark Energy Corp. (OTCPink:BMRK), a refiner and supplier of
Glycerin for commercial processes, announced that they intend to
become fully reporting under the Securities Act of 1934 with the
SEC upon approval of the appropriate regulatory agencies.
BenchMark Energy Corp. intends to not just bring the company
current under OTC Markets standards, but intends to file an S-1
registration statement for approval in the first quarter of 2014 in
hope of becoming a fully reporting entity with the SEC under the
Securities Act of 1934.
The Company has retained legal counsel, and is in the process of
retaining an independent auditor in order to begin the process of
conducting fully audited financials on the company and its current
operations. The Company's intention is to file an S-1 statement
with the SEC to become listed on the OTCQB exchange in 2014.
Any approval to uplist to OTCQB is subject to completion of
audits, and final approval by such regulatory agencies, such as
FINRA and SEC. Therefore, investors are advised to rely on our
financial information filed with OTC Markets until any such
approval of filings with said regulatory agencies.
Mark Bateman, the CEO of BenchMark Energy Corp. commented,
"BenchMark Energy is very committed to bring increased
transparency, and maintaining its objective to a higher listing.
Without a doubt, becoming a fully reporting entity under SEC
standards requires a rigorous review process and increase in
internal financial controls, but as we embark on the launch of our
antifreeze product in the start of 2014, the process of filing an
S-1 registration is part of our main goal in growing Benchmark
Energy, and its standing within the markets. Any action to upgrade
BenchMark trading standards is subject to final approval from
regulatory agencies."
Photos of our Timberline Antifreeze product brand are now
available on our official Twitter account at
http://twitter.com/BenchMarkE SHARE STRUCTURE
As of Jan. 2014, the Company had approximately 23.5 million
common shares issued and outstanding, with a public float of around
1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink:BMRK) is the source for
glycerin and related refined components, providing value through
our industry knowledge." – Our mission statement starts the story,
but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENTS
The statements in this release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The results anticipated by any or all of these
forward-looking statements may not occur. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or
expectations.
CONTACT: INVESTOR RELATIONS
Ashlee Guzman
Phone: (832) 691-0011
Email: investorrelations@benchmarkenergy.com
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