Spicy Gourmet Manufacturing, Inc. (OTCBB: SGOU) Announces New Company Name
DELRAY BEACH, FL--(Marketwire - Nov 6, 2012) - Spicy Gourmet Manufacturing, Inc. (OTCBB: SGOU) (SPICY) today announced that on October 20, 2012, our Board of Directors approved a change in name of the Company to BullsnBears.com, Inc. effective at the close of business on November 15, 2012. This corporate action was ratified on October 20, 2012 by holders of a majority of the shares of Common Stock of SPICY acting on written consent. The Certificate of Amendment will be filed with the State of Delaware, with the action to take effect on November 15, 2012. Spicy also announced that it has relocated its headquarters to Delray Beach, Florida. The new address is: 4731 W. Atlantic Ave., Suite 7, Delray Beach, FL 33445. And its main telephone is: 561.265.5657.
These changes reflect our change in business focus from the Manufacturing of Spice Mills, to building and deploying a financial networking community for both companies and individual investors. This system/portal will fulfill a current need in the market place, providing a secure and unbiased social media platform available to both novice and professional investors.
About Spicy Gourmet Manufacturing, Inc.
Spicy Gourmet Manufacturing, Inc., was organized under the laws of the State of Delaware on December 30, 2010. The Company was established as part of the Chapter 11 reorganization of Spicy Gourmet Organics, Inc. ("SGO"). Under SGO's Plan of Reorganization, as confirmed by the U.S. Bankruptcy Court for the Central District of California, the Company was incorporated to: (1) receive and own any interest which SGO had in the manufacturing of spice mills and similar products; and (2) issue shares of its common stock to SGO's general unsecured creditors, to its administrative creditors, and to its shareholder. The Company has been in the development stage since its formation and has not yet realized any revenues from its planned operations.
Safe Harbor Statement
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "will," "expects," and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
