SAN DIEGO, June 8, 2007 (PRIME NEWSWIRE) -- iVOW, Inc. (Pink Sheets:IVOW), a provider of weight management programs, announced today that the Company has filed a Form 15 with the Securities and Exchange Commission to deregister iVOW's common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. iVOW expects the deregistration to become effective within 90 days of filing with the SEC. As a result of the filing of the Form 15, iVOW's obligation to file certain reports and forms, including Forms 10-KSB, 10-QSB and 8-K, with the SEC has been suspended.
Following this deregistration, iVOW anticipates that its shares of common stock will continue to be quoted in the over-the-counter market ("Pink Sheets") on which it has been trading since December 18, 2006. The Pink Sheets is the leading provider of pricing and financial information for the over-the-counter securities markets. It is a centralized quotation service that collects and publishes market maker quotes in real time primarily through its Web site, www.pinksheets.com, which provides stock and bond price quotes, financial news and information about securities traded. iVOW intends to provide to the public information for market makers to be able to quote the Company's Common Stock on the Pink Sheets, but can give no assurances that any broker will continue to make a market in iVOW's common stock.
iVOW intends to continue updating its stockholders with relevant announcements and financial information about the Company through press releases, mailings and/or postings on its Web site at www.ivow.com.
About iVOW, Inc.
Our business is focused exclusively on providing weight management programs for the employees of large companies and union organizations. We currently have clinics located in Redmond, Seattle and Renton, Washington. Our corporate website is www.ivow.com and the website for Sound Health Solutions is www.4shs.com; information on our nutritional supplements for post-surgical gastric bypass patients may be found on www.vistavitamins.com.
Forward-Looking Statements
This news release may contain forward-looking statements, including without limitation, statements regarding the Company's expectations that its common stock will continue to be quoted on the Pink Sheets, and the Company's expectation that it will continue to provide relevant announcements and financial information about its business in the future on its website. Actual results or performance may differ materially depending on a number of risk factors inherent in our business which are described in the Company's Securities and Exchange Commission filings which are available at www.sec.gov. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.