ActionView International, Inc. Announces Change in Reporting Status with Filing of Form 8-K
ActionView International, Inc. Announces Change in Reporting Status with Filing of Form 8-K
MatchFights also expecting to announce venue for next World Championship Full Contact event
MURRIETA, Calif., Oct. 29 /PRNewswire-FirstCall/ -- ActionView International, Inc. (Pink Sheets: AVEW) today announced that as a result of its filing of a Current Report on Form 8-K with the Securities and Exchange Commission, which included consolidated financial statements for the period ended September 30, 2009 and details of the company's recent acquisition of all of the issued and outstanding shares of MatchFights, LLC, the company has been upgraded from the "No Information" category of the Pink Sheets OTC Disclosure and News Service at www.pinksheets.com.
The filing of the company's consolidated financial statements has initiated the process of disclosing financial information on a regular basis so that shareholders and the public markets will be able to monitor the company's progress.
In addition to moving beyond the "No Information" category on the OTC Disclosure and News Service, ActionView International will continue to evaluate its options related to filing information with the S.E.C., including the possibility of filing audited financial statements and applying for reinstatement to the Over-the-Counter Bulletin Board Market.
"While we are pleased to have these financial statements disclosed and the stop sign removed from our company profile at the Pink Sheets website, we will continue to look at all of our options related to disclosure of financial information and listings on public exchanges and markets," said Gary Nerison, Chairman of ActionView International, Inc. "This is a very positive first step and demonstrates our commitment to transparency, but we expect that as the company grows, there will be additional listing opportunities presented to us. Management will evaluate each of those options and determine the best course for the company at the appropriate time."
"We also expect the city and venue of our next MatchFights event, the first conducted under the World Championship Full Contact banner, to be announced in the next several days. This will be extremely important news for the company, and we encourage all of our shareholders to continue to monitor our announcements and sign up for our mailing list at www.actionviewint.com," added Mr. Nerison.
World Championship Full Contact (WCFC) events are broadcast live in high definition to a worldwide audience over the Internet and revenue is derived from pay-per-view buys. WCFC departs from traditional MMA in several ways. The rules effectively eliminate the tap-out as a means to end a fight. This keeps WCFC bouts from devolving into protracted grappling matches and promotes fast and furious action. WCFC also provides interactive features as part of its Internet broadcast, which allows fans to vote online for the matchups they want to see and then vote for the winners of fights that go the distance. An interactive online chat feature allows fans to discuss the action during the live event and users can also set up their own chat groups. More information on World Championship Full Contact can be found at its website, www.wcfc.com.
The company encourages shareholders and anyone interested in following the progress of ActionView International, Inc., its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand to subscribe to the mailing list at www.actionviewint.com.
About ActionView International, Inc.
ActionView International has completed its acquisition of MatchFights, LLC, which is now the focus of the company's operations. MatchFights, LLC and its World Championship Full Contact (WCFC) property deliver live, high-definition, pay-per-view events, including no-holds-barred, full contact fights, in an interactive venue over the Internet to a global audience. The live events will have broad appeal and include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and WCFC, please visit www.wcfc.com.
Contact: ActionView International, Inc. Investor Relations 951-200-4107 investors@actionviewint.com
First Call Analyst:
FCMN Contact:
Source: ActionView International, Inc.
CONTACT: Investor Relations of ActionView International, Inc.,
+1-951-200-4107, investors@actionviewint.com
Web Site: http://www.actionviewint.com/
http://www.wcfc.com/
Profile: International Entertainment
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