WASHINGTON, DC-- January 13, 2014 - Virtual Sourcing, Inc. (OTC Pink: PGCX) in keeping with our desire to have interested parties informed is issuing this monthly status update.
Our auditors are in the process of completing the Virtual Sourcing, Inc. audit and will release the report concurrent with the filing of our registration statement which is expected to be completed this week. This registration statement, when effective, will bring the company back to a fully reporting status and allow us to pursue financing opportunities to fund potential acquisitions and product development. Our goal is to meet the requirements of the NYSE MKT LLC (f/k/a Amex) Stock Market as early in 2014 as the guidelines and markets allow.
The Company has received the resignation of Terry Tyree and Karen Bybee from all positions held. Mario Faraone will function as the Interim President. Jeffrey Bartrem has accepted a seat on the Board of Directors. His credentials will be available in the updated business plan on our corporate website www.virtualsourcinginc.com by the end of the week. These resignations are part of a plan developed in June 2013 where these parties would guide the company to the registration statement and having met their requirement resign to be replaced by those who will operate the company during our upcoming anticipated growth and acquisition phase.
Our recently formed subsidiary, Allied Recycling Corp. is continuing the development of an improved non-structural block concrete product using fiberglass waste with the delivery of the test products to certain customers showing a potential interest in this type of block.
We wish all shareholders and interested parties a happy, healthful and prosperous New Year!
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement.
The identification in this press release of factors that may affect the Company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.
Virtual Sourcing, Inc.
Investor relations @ 877-291-0053
SOURCE: Virtual Sourcing, Inc.