TORONTO, ONTARIO — (Marketwire) — 08/17/11 — Geo Finance Corporation (PINK SHEETS: GEFI) – is pleased to announce that in continuation of the company–s recent success in hitting its corporate milestones, it intends to become a fully reporting entity and move onto the OTCBB along with a higher tier of Pink Sheets.
GEFI –s management has always endeavoured to provide full transparency to its shareholders and determined that it was necessary to have fully compliant audited financial statements as it adds revenues, assets and greater numbers of shareholders.
“We have numbers to report” stated John M. Arnold, CEO of GEFI, “We–re producing oil, earning revenues, acquiring assets and adding shareholders. In today–s volatile investment environment, fully audited financial statements are a necessary tool for our stakeholders.”
Arnold underscored the importance of moving to the OTCBB, stating, “Moving to the OTCBB is a time sensitive goal management needs to fulfill so that we can move forward with other more important phases to truly grow our business and achieve continued success in the energy industry.”
For the past several months, the company has been interviewing auditors experienced in the needs and requirements of emerging companies. The company is expected to make its decision as to the audit firm which will provide the best cost effective services to the company–s shareholders and announce it shortly.
About Geo Finance Corporation:
Geo Finance Corporation is a Florida entity established to develop and invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production. The administrative office is based in Toronto, ON, Canada.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the Transaction, the expected timetable for completing the Transaction, benefits and synergies of the Transaction, future opportunities for the company, expectations regarding the value and benefits of the Transaction and any other statements about Geo Finance Corporation–s managements– future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” estimates and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially Except as required by applicable law, Geo Finance Corporation disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Contacts:
Geo Finance Corporation
John M. Arnold
C.E.O.
1 416 669 2416