TSS, INC. (OTCMKTS:TSSI) Files An 8-K Regulation FD Disclosure
Item 7.01.
| Regulation FD Disclosure. |
On March 16, 2017, due to unusually high volume of trading in the
stock of TSS, Inc. (the Company), the Company contacted OTC
MarketsGroup Inc. (OTC Markets), which informed the Company that
it had become aware of certainpromotional activities concerning
the Company and its common stock.
Until this disclosure from OTC Markets, the Company was unaware
of the existence of the most recent promotional newsletters. In
addition to the promotional newsletters received last month, the
Company has since received from OTC Markets samples of three
promotional newsletters, which were sent from Monster Alerts and
from Pro Trader on March 16 and 17, 2017, but the Company is
otherwise unaware of the existence of additional promotional
newsletters, if any, any related promotional activity, the
parties responsible for the production of the newsletters and the
extent of any of the email newsletters dissemination.
On March 17, 2017, the Company issued a press release announcing
that it had been made aware of this recent trading and
promotional activity. A copy of the press release is being
furnished herewith as Exhibit 99.1.
The information in this Report, including Exhibit 99.1 attached
hereto, is furnished to Item 7.01 of this Current Report on Form
8-K. Such information shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall it
be deemed incorporated by reference into any filing under the
Securities Act of 1933, except as shall be expressly set forth by
specific reference in such filing.
Statements contained in the press release contain forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. In this context, forward-looking
statements may address matters such as the Companys expected
future business and financial performance, and often contain
words such as guidance, prospects, expects, anticipates, intends,
plans, believes, seeks, should, or will. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Particular uncertainties that could adversely
or positively affect the Companys future results include: the
Companys independent registered public accounting firms reports
on the Companys 2014 and 2015 financial statements contain an
explanatory paragraph that expresses substantial doubt about the
Companys ability to continue as a going concern; the Companys
inability access the capital markets to raise additional capital
necessary to fund its operations; the Company may not have
sufficient resources to fund its business and may need to issue
debt or equity to obtain additional funding; the Companys
reliance on a significant portion of its revenues from a limited
number of customers; risks relating to operating in a highly
competitive industry; risks relating to the failure to maintain
effective internal control over financial reporting; risks
relating to rapid technological, structural, and competitive
changes affecting the industries the Company serves; risks
involved in properly managing complex projects; risks relating to
the possible cancellation of customer contracts on short notice;
risks relating to the Companys ability to continue to implement
its strategy, including having sufficient financial resources to
carry out that strategy; risks relating to the Companys ability
to meet all of the terms and conditions of its debt obligations;
uncertainty related to current economic conditions and the
related impact on demand for the Companys services; and other
risks and uncertainties disclosed in the Companys filings with
the Securities and Exchange Commission, including the Annual
Report on Form 10-K for the fiscal year ended December 31, 2015.
These uncertainties may cause the Companys actual future results
to be materially different than those expressed in the Companys
forward-looking statements. The Company does not undertake to
update its forward-looking statements.
| Item 9.01. | Financial Statements and Exhibits. |
| 99.1 | Press Release, dated March 17, 2017. |
S I G N A T U R E S
About TSS, INC. (OTCMKTS:TSSI)
TSS, Inc. is a holding company. The Company provides various services for the planning, design, development and maintenance of mission-critical facilities and information infrastructure, as well as integration services. The Company operates through two segments: facilities and systems integration. Its facilities segment is involved in the design, project management and maintenance of data center and mission-critical business operations. Its systems integration unit integrates information technology (IT) equipment for original equipment manufacturer (OEM) vendors and customers to be used inside data center environments, including modular data centers. The Company’s services include technology consulting, design and engineering, project management, systems integration, system installations and facilities management. Its subsidiaries include VTC, LLC doing business as Total Site Solutions and Innovative Power Systems, Inc. TSS, INC. (OTCMKTS:TSSI) Recent Trading Information
TSS, INC. (OTCMKTS:TSSI) closed its last trading session down -0.042 at 0.133 with 1,967,649 shares trading hands.