New OTC Bulletin Board Listing: Title Starts Online
July 15, 2009 (FinancialWire) — Title Starts Online, Inc. (OTCBB: TTSO) was officially listed to the Over-the-Counter Bulletin Board today as an NSCC (National Securities Clearing Corporation) eligible security.
Title Starts Online was previously a NBB (Non-Bulletin Board) security. NBB securities are OTC securities that are not quoted on the OTCBB, which may or may not be quoted on the Pink Sheets (also called “Other-OTC”).
From Title Starts Online’s May 14, 2009, Form 10-Q Filing (Quarterly Report):
“The Company is in the early stage of operations with no current revenues to date. From inception through August 11, 2008, the date on which the Company’s securities offering was declared effective by the SEC, the majority of the Company’s activities revolved around defining requirements from residential title abstractors in the Kansas City area to determine the value proposition of a consolidated title start website and beginning the development of the website. From August 11, 2008 through September 17, 2008, the Company conducted its securities offering and obtained subscriptions for its securities. On September 25, 2008, the Company formed a wholly-owned subsidiary, Title Starts of Kansas City, LLC, a Missouri limited liability company. During the remainder of the fiscal year ended December 31, 2008 and during the quarter ended March 31, 2009, the Company has continued to develop its website and has begun to identify title searchers and abstractors with whom it plans to establish, through its subsidiary, contractual relationships for the use of the Company’s website.”
Title Starts Online’s complete 10-Q is directly accessible at the OTCBB web site (http://www.otcbb.com/asp/Info_Center.asp).
The OTC Bulletin Board (OTCBB) provides access to more than 3,300 securities. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
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