LAS VEGAS, May 28, 2010 (GLOBE NEWSWIRE) -- Ideal Financial Solutions (Pink Sheets:IFSL), a financial services company that helps consumers decrease debt and build wealth, has reported that due to unforeseen delays in amending the Company's Form 10 registration statement to include first quarter financial information, and other required changes, prior to the June 4, 2010 deadline, it intends to withdraw the current Form 10 and re-file a new Form 10 in the immediate future.
Ideal Financial anticipates filing a new Form 10 in the first part of June, which should have no material effect on the current timeline for having the Form 10 become effective and the Company's common stock uplisted to the Over-The-Counter Bulletin Board (OTCBB), which could happen as early as July or August of 2010.
"We are taking this time to carefully scrutinize and revise our Form 10 and finalize our first quarter financial results and position," said Ben Larsen, CFO of Ideal Financial Solutions, Inc.
About Ideal Financial Solutions
Based in Las Vegas, Nevada, Ideal Financial Solutions (www.globenewswire.com/newsroom/ctr%3Fd=177362%26amp;l=3%26amp;a=www.idealfsi.com%26amp;u=http%253A%252F%252Fwww.idealfsi.com" target="_top" rel="nofollow">www.idealfsi.com) 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 leader in personal cash flow management systems, Ideal uses its automated CashFlow Management(C) 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 a short video demo of our services go to www.globenewswire.com/newsroom/ctr%3Fd=177362%26amp;l=3%26amp;a=www.ibuildwealthclub.net%26amp;u=http%253A%252F%252Fwww.ibuildwealthclub.net" target="_top" rel="nofollow">www.ibuildwealthclub.net. Please become a fan of Ideal Goodness on Facebook.com by going to www.facebook.com/idealgoodness and help us spread the word.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
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 risk that the Company will experience additional unexpected delays in preparing a new Form 10 or in completing the review process associated with the Form 10 and that the Company's anticipated move to the OTC Bulletin Board will be delayed or prohibited as a result of a failure of the company to meet governing requirements, regulatory reviews or other issues. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.