SEATTLE--(BUSINESS WIRE)--Master Distribution Systems (MDBS) today announced that its Board of Directors has passed a resolution to complete the necessary filings to graduate the company from the Pink Sheets to the Over the Counter Bulletin Board. MDBS has completed the audits for the year-end Dec. 31st 2006 and 2007 through the services of Hawkins Accounting of Los Angeles. The audits and the subsequent quarterly financials for 2008 have been filed on Pink Sheets. The company is in the process of auditing the 2008 year-end financials.“With this move we are opening our holdings and their business practices to a vigorous review,” said Harry Beugelink, President of MDBS. “Our principal objective is to provide more transparency to our shareholders and to further demonstrate the value and wisdom of their investment in MDBS. Moreover, the discriminating clientele served by MDBS’ subsidiary Resort Society will now also benefit from our more open policy.”
About MDBS
MDBS’s mission is to build a portfolio of value-based companies focusing on tourism and development throughout the world. Its objective is to acquire high-growth companies with strong management teams by building on its recognized merger and acquisition expertise. MDBS deploys the right people, processes, skills and technologies to consistently deliver unparalleled value and bottom-line results to its shareholders. The company shares are listed for trading on the Pink Sheets exchange under the symbol MDBS.
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