Form 15 Filing

Financial Gravity Companies, Inc. (OTCQB: FGCO), today announced the filing of a Form 15 with the Securities and Exchange Commission (the “SEC”). The Company filed the Form 15 with the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to terminate the registration of its common stock under Section 12(g) of the Exchange Act and to suspend its reporting obligations under Section 15(d) of the Exchange Act. The Company is eligible to suspend its reporting obligations because it has fewer than 300 holders of record of its common stock and less than ten million dollars in assets.

Scott Winters, Chief Executive Officer, commented on the announcement with the following statement: “The Company’s decision to deregister was made after careful consideration of the advantages and disadvantages of being a public full reporting company and the increasing expense of compliance with the many SEC related requirements. This decision should result in a benefit to the Company’s shareholders by reducing expenses and permitting management to focus its energies on operating and growing the company.”

Upon filing the Form 15, the Company’s obligation to file periodic and current reports with the SEC, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, was immediately suspended. The Company’s duty to file other reports with the SEC will be terminated 90 days after filing of the Form 15. Despite the termination of registration, the Company plans to continue to disclose its financial statements on a quarterly and annual basis through the OTC Markets reporting service. The Company anticipates that its common stock will be quoted on the OTC Markets marketplace in the Pink Sheets, so long as market makers demonstrate an interest in trading the Company’s common stock.

Go here for the original press release.

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