July 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Columbus Geographic Systems (GIS) Ltd. ("Columbus") (Pink Sheets: CGSE) announced today that as part of its effort to upgrade its publicly traded status, an authorized NASD member firm has filed a Form 15c-211 with the NASD. This should qualify the company for a listing on the OTC Electronic Bulletin Board.
This follows the announcement on December 10, 2007 that the Company filed Form 10-SB12G with the Securities and Exchange Commission (SEC) to become a fully reporting company. (The full Form 10-SB12G can be viewed online at: http://www.sec.gov/cgi-bin/browse-edgar?company=columbus+geographic&CIK= &filenum=&State=&SIC=&owner=include&action=getcompany)(Due to the length of the URL, please copy and paste into your browser.)
Form 15c-211 reflects Columbus' full compliance with the SEC's new regulations and disclosure requirements. As soon as the SEC completes their review of the registration and disclosure statements, it is anticipated that Columbus will receive final approval to commence trading on the OTC Bulletin Board. The Company will report timely to the SEC as required by all reporting companies.
"We have always been committed to become a fully reporting company and upgrade our trading status. We will hopefully soon achieve this goal as we anticipate a listing on the Bulletin Board in the very near future," said Columbus CEO Tsvika Freidman. "We are also committed to ultimately file for a listing on the NASDAQ-small cap. Once this is achieved, we anticipate that our company will be covered by more Wall Street analysts, and institutional investors will be attracted to our stock."
About Columbus Geographic Systems
Columbus Geographic Systems (GIS) Ltd. is a rising player in the field of geographic information systems (GIS) and navigation applications. The Company brings advanced software capabilities to a wide range of users and devices, previously only accessible to trained professionals on dedicated devices.
Main products:
-- Highly-effective off road, outdoor GPS navigation tools, working on a full range of devices including Car PC, PDA, and Personal Navigation Devices (PND), with options for 3D imaging.
-- Innovative, affordable GIS tools easily used in a range of applications, including businesses, agriculture, surveys, and government agencies.
-- Aerial GIS applications for military and civilian aircraft operating in complex or threatening environments.
For more information, please visit http://www.columbusgis.com .
