LAS VEGAS, Aug. 4, 2010 (GLOBE NEWSWIRE) -- Ideal Financial Solutions (Pink Sheets:IFSL) has announced the submission of an updated Form 10, General Form for Registration of Securities, with the Securities and Exchange Commission (SEC) in response to comments from the SEC regarding the previous submission. The filing can be found on the SEC's Electronic Data Gathering Analysis & Retrieval (EDGAR) website.
"Anyone familiar with the meticulous process of registering a company with the SEC will recognize this process of fine tuning a registration statement in order to communicate clearly all required information. We anticipate a final Form 10 amendment in the coming weeks with financial statements for the second quarter of 2010 and then hope to be granted effective status by the Commission and its examiners," stated Ben Larsen, Chief Financial Officer of Ideal Financial. "We continue to navigate the challenges and opportunities of a troubled economy and the constantly changing online landscape. Our bottom line and position has improved in Q2, as the fully reviewed numbers will show in the days to come. We look forward to becoming an OTCBB listed, fully reporting equity. We're excited about what that means to this company and our valued shareholders."
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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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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's efforts to become a reporting company and ascend 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.