VANCOUVER – Moventis Capital announced delays with the completion of its first U.S. GAAP audit of recently acquired EMS provider PTL Electronics Ltd., which is required to file consolidated annual statements for Moventis.
 
Moventis is working with auditors to complete the audit for its 10-KSB and a review of its 10-QSB for the period ended Sept. 30.
 
On Oct. 22, the company received an OTCBB Delinquency Notice from FINRA, advising the company of the 30-day grace period under the National Association of Securities Dealers Rule 6530 until Nov. 15.

Moventis has been unable to complete the referenced filing within the grace period, and as such will be removed from trading on the OTCBB until the filings are made current, and a NASD Form 211 is filed with the SEC on its behalf by a NASD market maker or broker/dealer to resume quotation on the OTCBB.
 
Moventis has identified a NASD market maker for the Form 211 filing for reinstatement with the OTCBB once the flings are completed.
 
Until such time as the periodic reports are current and the Form 211 has been approved, Moventis' stock will continue to trade on the Pink Sheets under the symbol MVTS.
 

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