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Entrex files "No Action Letter" request with SEC
Chicago, IL January 25, 2007 – Entrex founder, and CEO, Stephen H. Watkins’ filed a "No Action Letter" request with the SEC today.
"It is important to take the efforts and initiatives we have developed over the years, working together with the regulative and legislative communities, and formalize our structure" said Watkins. "Based on the Growth of Companies joining our space, and the Growth of Capital investing in these companies; we want, and need, to work together with the SEC to establish that we are within the collective bounds of capabilities and structure."
"As organizations like the US Chamber and others establish "Capital Market Commissions" for the public space... we need to maintain our dominant position in our efforts for private companies". "We expect this process to be a continual effort in the future as market conditions dictate; creating constant dialog with the Commission."
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Entrex works with private companies and accredited/institutional investors creating a venue where investors can find, research, track and invest in private companies. Private companies that adhere to the methodologies and disciplines of Entrex gain credibility and exposure to the investor community while gaining liquidity options beyond the traditional route of IPOs, mergers and/or acquisitions. Through its innovative approach and process, Entrex is creating a whole new path to capital for privately-owned businesses.
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