ALBUQUERQUE, N.M., June 29, 2009 (GLOBE NEWSWIRE) -- AccessKey IP, Inc., (Pink Sheets:AKYI) the developer, designer and producer of advanced entertainment and communication devices, announced today that it has completed and responded to SEC comments regarding the registration statement Form 10 which was originally filed on May 6, 2009 with the Securities and Exchange Commission ("SEC"). The Form 10 becomes effective 60 days from the date of the original filing, July 6, 2009. The Company is subject to the reporting requirements of the Exchange Act effective on that date.
Bruce Palmer, AccessKey IP's President stated, "I am very pleased with the progress we have made with the filing of the Form 10 and the response to subsequent SEC comments. When the Form 10 has been approved and clears comments, subject to all applicable compliance and due diligence requirements, Spartan Securities Group, Ltd., St. Petersburg, Florida is prepared to sponsor and file a Form 211 Listing Application for AccessKey IP, Inc. with FINRA ('Financial Industry Regulatory Authority'). Once completed, FINRA will allow Spartan to quote our shares on the OTCBB."
Company CEO, George Stevens commented, "This has been a long process; our staff, attorneys and accountants have worked tirelessly to accomplish this major milestone. The amended Form 10 and Comments response were filed Thursday, June 25th. Once the up listing to the Bulletin Board is completed, we look forward to attracting additional shareholders."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
The AccessKey IP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4945
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Please visit the Company's websites www.accesskeyip.com, www.teknocreations.com