LOS ANGELES, Jan. 25, 2012 /PRNewswire/ — BG Medical Technologies, Inc. (OTC:RIGH) has concluded its recent reverse merger transaction and continues to complete filings to bring the public entity into full operational status under new executive management.
BG Medical Technologies has filed amendments to update company subsidiaries in Florida and has assumed control of all related assets, pursuant to the complete replacement of the previous management team and RightSmile, Inc. The company will be filing in Nevada to update and amend the public entity by end of week. Upon verified completion of these updates, the company will focus on filing with FINRA for its name and symbol change.
Following the symbol change, the company expects to release ongoing information throughout Q1 related to financial projections, notable officer and executive appointments, imperative technology releases, and investor relations.
The company thanks the new and current shareholders for their ongoing interests as the course of the public entity is steered into the medical cannabis industry. “The response to the reverse merger has been extremely positive,” explains CEO Angel Stanz. “I’ve spoken to many shareholders eager for additional information. However, due to regulations, we are bound to direct them only to previously disclosed information. We too are excited for a bright future, and new information will be released as soon as the transition process is complete.”
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management’s expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.