SCTN Files 2003 10K With SEC, Moving To The OTCBB


Smart Chip Technologies announced today that the company has filed it's 2003 10k with the SEC. Forms 10K from 2004 through 2007 will also be filed soon ,the company reported. Once the filings are completed, the company will move forward to the Over the Counter Bulletin Board (OTCBB) market once the SEC approves their filings.

The company believes that these filings and a listing ont the OTCBB exchange will increase the company value for shareholders and potential investors as well as creditors, partners and customers. Also allowing for additional exposure with brokerage houses that will result in increased volume and liquidity for the company stock.

The SCTN also said that major license sales and revenue contracts are moving closer to completion and several are expected to close within the next few months.

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