Oct 15, 2018
ENCINO, Calif., Oct. 15, 2018 /PRNewswire/ -- Research Solutions, Inc. (OTCQB: RSSS), a provider of workflow efficiency solutions for R&D-driven organizations, announced today that the Company has submitted a symbol reservation form as a prerequisite step to filing an application to list its common stock on the NASDAQ Capital Market.
"We believe that up-listing to NASDAQ will provide a broader stockholder base, increased liquidity and improved stockholder value, and are pleased to have taken this initial step in the up-listing process," said Peter Derycz, President and CEO of Research Solutions.
Acceptance for listing the Company's common stock on the NASDAQ Capital Market will be subject to approval based on several factors including satisfaction of minimum listing requirements for the NASDAQ Capital Market. While the Company intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved. The Company's common stock will continue to trade on the OTCQB under its current symbol "RSSS" until NASDAQ approval and completion of the up-listing.
About Research Solutions
Research Solutions, Inc. (OTCQB: RSSS) provides workflow efficiency solutions for R&D-driven organizations in life sciences, technology and academia worldwide. Our Software-as-a-Service platform provides tools or "Gadgets" that allow users to discover, access, manage and collaborate around science, technology and medical (STM) content and data. Our customers range from 70 percent of the top 25 global pharmaceutical companies to emerging small and medium-sized businesses. We generate recurring revenue from subscriptions to our SaaS platform and transactional revenue from the sale of STM content. For more information, visit www.researchsolutions.com.
Important Cautions Regarding Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of such forward-looking statements in this release include statements regarding up-listing to the NASDAQ Capital Market. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact:
Tel +1 (949) 574-3860
Research Solutions, Inc.
Mitja Alexander Linss
Tel +1 (617) 763-2312
SOURCE Research Solutions, Inc.