On October 20, 2011 the Financial Industry Regulatory Agency (“FINRA”) appended an “E” to the end of the trading symbol for Onyx Service & Solutions, Inc. (OTC: ONYX) to indicate their belief that ONYX was delinquent in its Securities and Exchange Commission filing obligations. However, at no time was ONYX delinquent in its filing obligations, as its Board of Directors had authorized the change of its fiscal year-end from November 30 to July 31 concurrent with the acquisition of Southern Geo Power in late August.
“It is unfortunate that FINRA’s automated system mistook ONYX as a delinquent filer and appended an “E” to our symbol, however, as of this afternoon we’ve provided FINRA with the documentation relating to the change of year-end and expect that FINRA will remove the “E” from our trading symbol before market open on October 21, 2011,” stated ONYX president Malcolm Burleson. “Once the “E” is removed market activities should immediately return to normal.”
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About Onyx Service & Solutions, Inc. (OTCQB: ONYX)
Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on monetizing brilliant alternative energy solutions. ONYX Service & Solutions Inc. is listed on the NASDAQ OTC exchange as an OTCQB tier company. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. OTCQB securities may also be quoted on the FINRA BB. The OTCQB allows investors to easily identify reporting companies traded in the OTC market regardless of where they are quoted.
Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.