IRVINE, CA, Feb 27, 2008 (MARKET WIRE via COMTEX) -- NeoTactix Corporation (OTCBB: NTCX) announces the completion of its withdraw and conversion from its status as a Business Development Company.
On January 11, 2008 the Company completed the final steps necessary to withdraw its BDC election. The Company will no longer be regulated under the Investment Company Act of 1940 as a business development company. The Company has also changed its name from EntreMetrix to NeoTactix as part of the repositioning of the Company.
The Company will continue to pursue its structural support and investment interest in early stage innovations but will do so as an incubator and holding company.
About NeoTactix: Based in Irvine, California, NeoTactix incubates early stage innovations and business opportunities, providing essential structural and financial support services in order to cultivate investment opportunities. For more information on NeoTactix, Inc., visit the company's Web site at www.NeoTactix.com or contact Scott W. Absher (888) 798-9100. The Company's corporate offices are located in Southern California at 18101 Von Karman Avenue, Suite 330, Irvine California 92612.
Safe Harbor Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Statements in this release that relate to the Company's plans and strategies, as well as management's expectations about new and existing products and services, acquisitions and opportunities, market growth, demand for acceptance of new and existing products and services are forward-looking statements. In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors. The Company undertakes no obligations to publicly update or revise such statements. For more details, please refer to the Company's Securities and Exchange Commission filings.
Contact: Scott W. Absher (888) 798-9100 investorinfo*neotactix.com