LAS VEGAS, May 18, 2010 (GLOBE NEWSWIRE) -- Ideal Financial Solutions (Pink Sheets:IFSL), a financial services company that helps consumers decrease debt and build wealth, is pleased to announce that the process for registering with the Securities and Exchange Commission (SEC) has passed a major milestone. The SEC has responded to our Form 10 submission with a comment letter in order to clarify or improve the disclosure requirements. The comments were not extensive and will be addressed in a response letter and amendment as soon as our quarterly financial statements are ready for inclusion in such amendment.
"We expect to be able to incorporate the requested changes and clarifications into our Form 10 registration statement quickly and finalize the uplisting process," said Ben Larsen, Chief Financial Officer of Ideal Financial Solutions, Inc. "It is exciting to take these last steps toward being a fully-reporting company listed on an OTC stock exchange. We have put a lot of effort into improving the accounting, reporting and internal controls at Ideal and are excited to be able to provide timely, accurate financial information to shareholders and prospective investors."
"The process of moving from the Pink Sheets and into full SEC compliance has been costly and time consuming but was in our opinion one of the best things we could do for our company and its shareholders," said Steve Sunyich, Chief Executive Officer of Ideal Financial Solutions, Inc. "I believe this considerable effort will better position the company for the future and open IFSL to a new community of prospective shareholders who would not have considered us on the lower exchange."
For more information, please join us on our daily Conference Call:
Time: 10:00 AM Pacific Time, Monday - Friday
Conference Number: (712) 432-6148
Access Code: 100033
About Ideal Financial Solutions
Ideal Financial Solutions provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a technology leader in personal cash flow management systems, Ideal uses its automated CashFlow ManagementTM tools (www.globenewswire.com/newsroom/ctr%3Fd=177362%26amp;l=3%26amp;a=www.myifs.com%26amp;u=http%253A%252F%252Fwww.myifs.com" target="_top" rel="nofollow">www.myifs.com) and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. To view our short videos of our products & services, go to www.youtube.com/idealfsi. Please become a fan of Ideal Goodness on Facebook.com by going to www.facebook.com/idealgoodness and help us spread the word. Two other websites that explain our services in further detail are www.idealfinancialhr.com and www.idealcashsecrets.com.
For investors who would like to receive Ideal's newsletter, please send your email address to: support@idealfsi.com. For the latest news and press, please visit www.idealfsi.com. ;
Forward Looking Statements. This release may contain forward-looking statements as well as historical information. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include, without limitation, the following risks: that the company will not complete the SEC registration process; that despite the company's becoming a reporting company, transition to the OTC Bulletin Board will be delayed or prohibited as a result of regulatory reviews or other issues; that despite being quoted on the OTC Bulletin Board, the company's common stock will not attract additional investors or interest due to its low price or other reasons. In addition, other risks are identified in the company's Form 10 filed with the SEC. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.