Los Angeles – October 19, 2018 – Targeted Medical Pharma a United States based medical nutrition and dietary supplement manufacturer, filed a Form 15 with the Securities and Exchange Commission. “After a detailed analysis and thoughtful deliberation of the advantages and disadvantages of being an SEC reporting company, the company’s board of directors and management concluded that the costs of reporting are too high and unreasonably burdensome on a company that is restructuring and rebuilding,” said interim Managing Director, Marcus Charuvastra.
According to Mr. Charuvastra, “The preparation and filing of reports, retention of outside legal and accounting resources, in addition to the amount of management time spent on the documents along with the current volume of trading common stock do not justify being a SEC reporting company.”
The Company will continue to file reports as required for trading common stock on the Pink Sheets. Questions regarding the company and common stock can be directed to email@example.com.
About Targeted Medical Pharma, Inc.
Targeted Medical Pharma, Inc. (TRGM) a publicly traded, United States based medical nutrition company that develops amino acid based medical foods and other oral nutrition products for the long term management of chronic disease, including pain syndromes, peripheral neuropathy, hypertension, obesity, sleep, respiratory disorders, allergies and cognitive disorders.
The Company manufactures 8 proprietary amino acid based medical foods along with the dietary supplements Grotrexa (Japan), AppTrim (Japan), Hypertensa Advanced™ and Clearwayz™. Each product uses Targeted Cellular Technology, the Company’s patented micro-nutrient delivery system that improves the absorption and cellular utilization of amino acids, nutrients and neurotransmitters. The products are manufactured in the United States and sold directly to physicians, pharmacies and patients in the United States, Japan, New Zealand, Ukraine, Russia and China.
Forward Looking Statement
This press release may contain forward-looking statements related to Targeted Medical Pharma’s business strategy, outlook, objectives, plans, intentions or goals. Targeted Medical Pharma expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.