Message #22 From:
Stock News Bot Date: November 16, 2006 05:30:00 AM
CKEI News Clickable Enterprises' Shares to Be Removed from OTCBB
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--Clickable Enterprises, Inc. (OTCBB:CKEI), the first Internet-based home
heating oil company, announced today that a Listing Qualifications Panel
(the “Panel”) has
determined the company’s common stock is no
longer eligible for quotation on the OTCBB because the company is not in
compliance with the requirements of NASD Marketplace Rule 6530.
The company is not in compliance with Rule 6530, as its Form 10-KSB for
the fiscal year ended March 31, 2006 was incomplete due to the company’s
failure to obtain the consent of its former auditor, Weinberg & Company,
P.A. (“Weinberg”) to
the inclusion in the 10-KSB of Weinberg’s
report on the previous fiscal year’s financial
statements. The company is working with Weinberg and its current auditor
to obtain consent, but resolution of the issue has been delayed due to
issues regarding the appropriate application of EITF 00-19 to accounting
for the company’s convertible debentures and
preferred stock.
Under the Panel’s determination, the company’s
common stock will become ineligible for trading on the OTCBB at the
start of business on November 17, 2006. The company expects that brokers
will subsequently be able to post quotes for the company’s
stock on the Pink Sheets.
The company is continuing to seek resolution of the accounting issues
preventing it from receiving Weinberg’s
consent, and upon completion of the filing of its 10-KSB, intends to
pursue re-authorization for quotation on the OTCBB.
ClickableOil is committed to providing low-cost and efficient heating
oil services, as it continues to grow along the East Coast through
marketing efforts, promotions and acquisitions.
About Clickable Enterprises, Inc.
Clickable Enterprises, through its wholly owned subsidiary,
ClickableOil.com, is the first Internet-based home heating oil company
to offer customers affordable home heating oil and related services.
Based in Mount Vernon, New York, ClickableOil.com specializes in price
control, risk management and product positioning, leaving the oil
delivery and services to specially chosen vendors. The company currently
operates in New York, New Jersey, Pennsylvania and Connecticut, and has
a license to operate in Maryland. For more information visit www.clickableoil.com.
This release and oral statements made from time to time by the
Company's representatives concerning the same subject matter may contain
"forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements can be
identified by introductory words such as "expects," "plans," "intends,"
"believes," "will," "estimates," "forecasts," "projects" or words of
similar meaning, and by the fact that they do not relate strictly to
historical or current facts. Many factors may cause actual results to
differ from forward-looking statements, including inaccurate assumptions
and a broad variety of risks and uncertainties, some of which are known
and others of which are not. Known risks and uncertainties include those
identified from time to time in the reports filed by the Company with
the Securities and Exchange Commission, which should be considered
together with any forward looking statement. No forward looking
statement is a guarantee of future results or events, and one should
avoid placing undue reliance on such statements.
