Zippi has long resided on the Pink Sheets with no better than a "Yield" status, which means limited information. As the company re-positioned its business in the mobile application marketplace, and since has been announcing its progress on several iPhone based mobile apps, the decision to attempt a "Current Status" with pinksheets.com has been made by management. Following an acceptance of its information statement in review, the company will be required to post subsequent Quarterly Reports pursuant to Section Two and Annual Reports pursuant to Section One, of the Guidelines for Providing Adequate Current Information (PDF), as well as posting an Attorney Letter for each such period.
Additional requirements include, the Verification that the company has posted the required Quarterly Reports within 45 days following each quarter end and Annual Reports within 90 days following each fiscal year end.
Robert A. Rositano Jr., CEO of Zippi Networks, Inc., stated, "Achieving current information status has always been a goal of the company, and it is time that we make this a reality. Current and future investors will have easy access to updated information with a current status reflected at pinksheets.com, and we are hopeful that these moves will be one of many positive developments as Zippi continues to make great strides in executing on its mobile applications business model."
