CalciTech Ltd. (OTCBB: CLKTF)
announces that, as a result of the Company’s failure to timely file its Form 20-F for fiscal year ended December 31, 2011 with the Securities and Exchange Commission (“SEC”), its stock on the Over-the-Counter Bulletin Board (OTCBB) has stopped trading on the OTCQB sector and has begun trading on the Pink Sheets. Its trading symbol remains unchanged as "CLKTF". The Company is currently preparing the Form 20-F for filing with the SEC and is advised that since this is CalciTech's first delinquency and it has not previously been removed from the OTCBB, upon completing the filing with the SEC, the Company will be quickly relisted.
About CalciTech Ltd:
CalciTech Ltd has developed and patented unique technology for the production of Synthetic Calcium Carbonate, “SCC” a specialty material that may be widely used in industrialised parts of the world and is developing operating licensees in these territories, the first being in Europe. With its technological capabilities, CalciTech will continue to develop the product potential into other areas.
About CalciTech Synthetic Minerals Europe Ltd:
The Company, recently established in England, has been granted an exclusive license for Europe to execute on the business plan to develop the use of SCC specialty products within the high end valued segments of paper, paint, polymer and related areas, food and pharma applications. These producers and their customers also want to improve the sustainability of their processes by using raw materials that have been recycled, absorb CO
and have a lower carbon footprint. The first two plants have been designed and sites identified in Germany. CSME, independently managed, is seeking funding through the London market for investment in Europe.
The directors of the Company take responsibility for this announcement.
Forward Looking Comments: The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by management. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission (
) or on the Company’s website.