Feb. 21, 2013
-- Scott Amaral, CEO of Exeo Entertainment, Inc. recently confirmed that the company is taking the necessary steps to provide liquidity to the company and transparency to current investors by having the company's shares quoted on the OTCBB.
Mr. Amaral stated that Exeo Entertainment, Inc. is presently in discussions with auditors to audit the company's financial statements. "In order to become a fully reporting company a financial audit is mandatory and one of the first steps in having the company shares traded on the OTCBB" he stated.
Access to capital only available in the public markets is critical for the proper execution of our business model.
About the Company
Exeo Entertainment, Inc. is a development stage Nevada Corporation formed in May 2011 for the purpose of manufacturing, distributing, developing, and acquiring a portfolio of intellectual property rights within the $39.1billion dollar video gaming industry and growing Smart TV sector. We seek to expand our current product portfolio through exclusive licensing agreements, strategic acquisitions, and in house product development. We seek to identify and acquire first to market products which have demonstrated market acceptance and are capable of becoming leaders within their category.
Safe Harbor Statement
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,”
or similar expressions are intended to identify “forward-looking statements.”
These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company’s expectations and estimates.