OMNITEK ENGINEERING’s FORM 10 DECLARED EFFECTIVE; COMPANY
NOW FULLY REPORTING
SAN MARCOS, CA — July 27, 2010 — Omnitek Engineering Corporation (OTCQB: OMTK) today announced its Form 10 has been declared effective by the Securities and Exchange Commission and it has become a public reporting company under the Securities Exchange Act of 1934, trading on the OTCQB marketplace.
The company is now required to prepare and file annual and quarterly reports, as well as other documents and must be in compliance with proxy rules and other securities laws. In addition to providing real-time quotations, the OTCQB provides a list of market makers and additional information via www.otcmarkets.com. The OTCQB is a newly launched market tier for OTC-traded U.S. companies that are registered and reporting with the Securities and Exchange Commission or a U.S. banking or insurance regulator.
Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other ``forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as ``anticipates,'' ``expects,'' ``intends,'' ``plans,'' ``believes,'' ``seeks,'' ``estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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