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Muscle Flex, Inc. Targets Listing on the OTC Bulletin Board
LOS ANGELES, CA, Jul 06, 2009 (MARKETWIRE via COMTEX) --
Muscle Flex Inc. (PINKSHEETS: MFLI) announced today that the Board
of Directors has confirmed its plans to transition the Company to a
fully reporting company listed on the OTC Bulletin Board (OTCBB). The
Board's intent is to provide the highest level of corporate
accountability and visibility for Muscle Flex, as well as
significantly expand the market for the Company's stock. At present,
Muscle Flex Inc. is a "Current Filer" on the Pink Sheets.
Muscle Flex Inc. is committed to providing its shareholders with
greater accessibility to current information affecting their
investment in the Company. A move to the OTCBB would require Muscle
Flex Inc. to issue regular SEC-mandated filings, such as quarterly
financial reports, along with communicating other material
developments in a timely fashion.
"We welcome the opportunity to opt into a regulatory environment,
which adds to our integrity and viability as an investment. Despite
the recent wave of companies de-listing from NASDAQ and the OTCBB
markets, Muscle Flex, Inc. is successfully growing its business and
taking steps to be listed on a larger, national stock exchange. By
becoming a fully reporting company, Muscle Flex will be able to
attract a more sophisticated and broader audience of individual and
institutional investor, as well as increase our financing options,"
said Danny Alex, CEO of Muscle Flex.
Companies that trade on the Pink Sheets are not obligated to provide
shareholders with timely or consistent information as to their
financials, share issuance or other material changes. Alex commented,
"We want to increase transparency as much as possible now and in the
future. Until a listing on the OTCBB occurs, Muscle Flex will
continue trading on the Pink Sheets and keep the financial community
up-to-date with our progress through press releases and voluntary
filings that are available at www.pinksheets.com."
Muscle Flex Inc. is exploring a number of avenues to list its shares
to trade on the OTCBB. The Muscle Flex Board is hopeful that it will
be successful in completing a successful listing on the OTCBB in the
near future.
About Muscle Flex Inc. (www.MuscleFlexInc.com)
Muscle Flex Inc. brings new products to market using direct response
TV infomercials specializing in the health, fitness, wellness and
hygiene sectors. As well, Muscle Flex Inc. develops and creates
general television content for network and cable television
distribution. Muscle Flex's corporate strategy is to develop new and
innovative products for sale and distribution via its proprietary
direct response marketing system and the creation of television shows
and content.
This press release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and is subject to the Safe
Harbor created by those sections. This material contains statements
about expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of Muscle Flex Inc. to be materially
different from the statements made herein.
Contact
Danny Alex
CEO
Muscle Flex Inc.
1-310-717-1003
Email Contact
http://www.MuscleFlexInc.com (corporate)
http://www.TheMuscleFlex.com (product)
http://www.Myspace.com/TheMuscleFlex
SOURCE: Muscle Flex Inc.
http://www2.marketwire.com/mw/emailprcntct?id=8EC81229C42BBE48
http://www.MuscleFlexInc.com
http://www.TheMuscleFlex.com
http://www.Myspace.com/TheMuscleFlex
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