September 3, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — Selga, Inc. (SLGA.OB), a consumer discretionary / pre-owned auto sales company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 27, trading in units of 100.

From Selga, Inc.’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:

“Selga Inc. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on November 9, 2009.  The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 918 “Development Stage Entities”  and intends to commence operations in the business of exporting new and used cars from United States to South America, Europe and Africa.  The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise.  For the period from inception, November 9, 2009 through June 30, 2010 the Company has accumulated losses of $9,293. Operating results for the six months ended June 30, 2010 are not necessarily indicative of the results that may be expected for the year ending December 31, 2010.”

“Selga Inc. started operations in the business of selling new and used automobiles on November 9, 2009. Our plan is to purchase cars at auctions and from private parties and resell them.  We have developed our business plan, and entered into an agreement dated January 9, 2010, with Selga Auto LLC, an entity affiliated with our sole officer and director, Olegs Petusko. Under the terms of the agreement, Selga Auto LLC, for a term of six months, has agreed to act as our buying agent at two car auctions for a fee of $300 per each automobile purchased with Selga Auto LLC’s assistance.  Selga Inc. has purchased one automobile to date. Additionally, on April 27, 2010, Selga Inc.’s agreement with Selga Auto LLC was amended to provide that, in the event that Selga Auto LLC and Selga Inc. bid for the purchase of the same automobile or otherwise compete, then Selga Auto LLC must immediately withdraw its bid and not compete with Selga Inc. for the purchase of such automobile and not otherwise compete with Selga Inc.”

Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).

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