Ariel Way Updates on Progress
WASHINGTON, Jan. 5, 2011 /PRNewswire/ — Ariel Way, Inc., (Pink Sheets: AWYI) www.arielway.com a technology and services company for highly secure global communications, multimedia including digital signage solutions and associated technologies, updates on progress.
The Company has been active with five major activities: Completing outstanding SEC filings to include annual and quarterly reports due since September 30, 2008; completing a work-out arrangement with Yorkville Advisors, an initial investor; completing the acquisitions of initially two companies based in the US and in Europe; and strengthening the strategic relationship with iiGrowth, LLC.
The completion of the filings of outstanding reports with SEC is required for full compliance and in order to receive “current information” status and subsequently migrate to initially OTCQB and later to OTCQX.
If we are successful in the initial acquisitions of the two companies, this will provide significant revenues and accretive earnings. The transactions are intended to be structured such that any potential dilution will be deferred at least six months.
The Company intends over the next several weeks and months, assuming developments per the plan, make significant announcements related to the continued build-up of the Company.
About Ariel Way, Inc.
Ariel Way, Inc., a Florida corporation (“Ariel Way” or the “Company”), is a technology and services company for highly secure global communications, multimedia and digital signage solutions and technologies. The Company is focused on developing innovative and secure technologies, acquiring and growing profitable advanced technology companies and global communications service providers and creating strategic alliances with companies in complementary product lines and service industries.
More information about Ariel Way can be found on the web at http://www.arielway.com.
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the Company’s latest Form 10-KSB for a discussion of such risks, uncertainties and other factors. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. These forward-looking statements are based on management’s expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future.
SOURCE Ariel Way, Inc.