BUENA PARK, CA--(Marketwire - May 05, 2010) - SOHM, Inc. (PINKSHEETS: SHMN), a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories, announced today that it has been upgraded to ‘Current Information’ status with PinkSheets.com after filing its required financial and compliance information. The Company plans to transition the company to a fully-reporting company listed on the OTC Bulletin Board (OTCBB) and is working with a PCAOB auditing firm to finalize its financial reporting requirements. The company is working diligently to provide the highest level of corporate accountability and visibility, as well as significantly expand the market for its stock.
Shailesh Shah, Vice President for Corporate Strategy at SOHM, Inc., stated, “We are very pleased with our upgrade on the Pinksheets.com system, our enhanced balance sheet and the significant revenue growth we plan to realize on the short-term horizon. With this in mind we believe it is appropriate for us to now move the trading of our shares to the OTCBB quotation system. This action will result in improved liquidity for our investors and will allow our shareholders a high level of visibility regarding our operations. Our revenue growth prospects continue to strengthen and we will take the necessary steps to provide our shareholders and investors with every possible tool to monitor their investment.”
About SOHM, Inc.
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Global headquarters is located in North America with manufacturing sites in India. Generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia. www.sohm.com
Safe Harbor Statement
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of SOHM, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
SOHM, Inc.
Investor Relations
(714) 522-6700
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