ATLANTA, Oct. 19, 2016 (GLOBE NEWSWIRE) — American CareSource Holdings, Inc. (OTCQB:GNOW), an urgent and primary care company operating under the names GoNow Doctors and Medac, announced today the voluntary filing of a Form 15 with the Securities and Exchange Commission (the “SEC”) to deregister its common stock and suspend its public reporting obligations under the Securities Exchange Act of 1934 (the “Exchange Act”).
Adam Winger, the CEO of GNOW, said, “This decision reflects our careful consideration, as a small public company, of a number of factors, including our continued liquidity issues, the significant cost of compliance with the many SEC and Sarbanes-Oxley requirements and the management time needed to satisfy those requirements. We expect to reduce costs while freeing up valuable management time that can be applied to more productive initiatives.”
Chief Executive Officer
This press release contains “forward-looking statements,” including statements related to our expectations related to cost savings and the use of management time. Forward-looking statements may be identified by their use of terms such as “anticipate”, “believe”, “anticipate”, “confident”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “target”, “will” and other similar terms. These statements are subject to significant risks and uncertainties, actual results and future events could differ materially from those projected, and we caution stockholders not to place undue reliance on the forward-looking statements contained in this press release. Risks and uncertainties exist related to the Company and its business due to a number of factors, including the statements under “Risk Factors” contained in our periodic reports filed with the SEC. Given these uncertainties, you should not place undue reliance on these forward-looking statements. We intend these forward-looking statements to speak only as of the date of this press release and undertake no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in our expectations, except as required by law.