MK Automotive Achieves Milestone in Quest to Trade Publicly
LAS VEGAS--MK Automotive, Inc. obtained effectiveness of its Nevada State Registered Offering for the sale of $1 million shares of common stock at $1 per share. After completing the offering in Nevada, MK Automotive plans to file with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting company and with the Financial Industry Regulatory Authority (FINRA) to become publicly traded on the Over the Counter Bulletin Board (OTCBB).
Nevada’s State Registered Offering allows companies to raise up to $1 million by offering securities to residents and qualified guests in the state of Nevada. Mike Murphy, CEO of MK Automotive, will serve as the agent of the issuer to assist the company in self-distributing its shares. View our website at: www.mkautomotive.com.
“The effectiveness of our Nevada State Registered Offering is a major milestone in our quest to become a fully reporting, publicly traded company,” Murphy said. “And becoming a fully reporting, publicly traded company is part of our overall strategy to franchise our concept nationwide.”
About MK Automotive, Inc.
MK Automotive, Inc. operates seven full service automotive maintenance and repair shops in the Las Vegas area under the name AutoTech™ (“AutoTech”). Mike Murphy founded MK Automotive in 2002 with one store, and in the past six years, the company has grown by developing a proprietary operating model that demands customer satisfaction and delivers high quality services at fair prices through experienced, well trained, well equipped and motivated employees.
The mission is to provide high-quality, reliable and trustworthy automotive repair and services for retail customers and commercial businesses. MK has built a reputation in the greater Las Vegas, Nevada metropolitan area for reliable, trustworthy service. Its competitive advantages include professional, experienced staff, systemized training, and a proprietary operating model, which allows competitive pricing while providing a superior experience to customers.
Safe Harbor
This press release contains or may contain forward-looking statements regarding MK Automotive’s ability to sell shares of its common stock or access the public markets, become fully reporting or publicly traded, satisfy the SEC periodic or other reporting and/or corporate governance requirements if it were to become fully reporting, publicly traded, as well as MK’s growth and profitability, growth strategy, liquidity, operating expense reduction, and trends in the industry in which MK operates which could have a material effect on its current business model. The statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in MK Automotive’s registration statement on file with the Office of the Secretary of State of the State of Nevada. MK assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.