NEW YORK - (Business Wire) SpiralFrog, Inc. (
www.spiralfrog.com) (
“the Company
”), today announced it has filed a Form 15 with the Securities and Exchange Commission (SEC). Upon the filing of the Form 15, SpiralFrog
’s SEC reporting obligations will cease. Effective immediately, the Company will no longer be filing current and periodic reports, such as Forms 8-K, 10-K, 10-Q, etc. The Company expects that the deregistration will become effective within 90 days of filing Form 15. In the interim period, no reports will be filed.
This step satisfies certain investor requirements, and allows the Company to keep its proprietary and competitive information confidential to the Company. It also reduces Sarbanes Oxley compliance and certain administrative costs, given that the Company is not listed on any exchange.
About SpiralFrog™
Headquartered in New York, SpiralFrog™ (www.spiralfrog.com) is a Web-based advertising-supported music experience that combines music discovery tools with free and legal downloads of audio and video content licensed directly from the catalogs of the world’s leading music owners. SpiralFrog offers music-lovers a compelling alternative to illicit file-sharing and pirate sites, with a secure environment for them to satisfy their unyielding passion and thirst for music and entertainment information at no cost.
Gravitas Communications
Media:
Jocelyn Johnson, 212-924-9500
jjohnson@gravitas-pr.com
or
Brian Posnanski, 314-968-7712
bposnanski@gravitas-pr.com
or
Investors:
Jenny Lee, 650-996-8583
jlee@gravitas-pr.com
