znomics
 

Company Description

Znomics is currently a “shell company” as defined by the Securities Exchange Act of 1934. It has no current operations and is pursuing an opportunistic acquisition of an operating business, not targeting any specific industries.


Znomics, Inc. Announces Issuance of Controlling Interest in Company

PRESS RELEASE: PORTLAND, OR, February 10, 2010 (GLOBENEWSWIRE)  —  Znomics, Inc. (OTCBB:ZNOM) today announced the issuance of 75% of the fully diluted capital stock of Znomics to affiliates of Cherry Tree, a financial advisory firm offering investment banking, investment management and wealth management services based in Minneapolis, MN (collectively, the “Purchasers”).

Znomics issued 40,811,886 shares of common stock to the Purchasers for total consideration of $125,000, paid in cash at closing. This represented $.0031 per share.

The stock purchase agreement and related transactions were approved by the Board of Directors of Znomics and by shareholders who owned a majority of the outstanding shares of Znomics common stock prior to the issuance of the new shares.

Znomics is currently a “shell company” as defined by the Securities Exchange Act of 1934.  It is expected that the Purchasers will use Znomics to acquire an operating business, but no specific acquisition discussions are under way and the Purchasers expect the acquisition process could take several years.

As part of the transaction, the shareholders have elected a new Board of Directors, which includes Tony J. Christianson and Gordon F. Stofer, founders and co-managing partners of Cherry Tree, John C. Bergstrom, managing partner of RiverPoint Investments and Kerry D. Rea, former Chief Financial Officer of Znomics.  The new Board of Directors appointed Mr. Christianson as Chairman, Mr. Stofer as Chief Executive Officer and David G. Latzke, a Managing Director at Cherry Tree, as Chief Financial Officer and Secretary.

Simultaneous with the issuance of this press release, Znomics filed a Form 8-K with the Securities and Exchange Commission outlining the acquisition and related transactions, including exhibits.


Click on the following links to view or print Znomics most recent SEC filings.

Third Quarter 2013 Form 10-Q – Filed October 30, 2013:
Third Quarter 2013 Form 10-Q (pdf)*
Third Quarter 2013 Form 10-Q Interactive Data File**
Third Quarter 2013 Form 10-Q Interactive Data File (SEC Filing)

Second Quarter 2013 Form 10-Q –Filed August 16, 2013:
Second Quarter 2013 Form 10-Q (pdf)*
Second Quarter 2013 Form 10-Q Interactive Data File**
Second Quarter 2013 Form 10-Q Interactive Data File (SEC Filing)

First Quarter 2013 Form 10-Q –Filed August 16, 2013:
First Quarter 2013 Form 10-Q (pdf)*
First Quarter 2013 Form 10-Q Interactive Data File**
First Quarter 2013 Form 10-Q Interactive Data File (SEC Filing)

Fourth Quarter 2012 Form 10-K – Filed August 16, 2013:
Fourth Quarter 2012 Form 10-K (pdf)*
Fourth Quarter 2012 Form 10-K Interactive Data File**
Fourth Quarter 2012 Form 10-K Interactive Data File (SEC Filing)

Third Quarter 2012 Form 10-Q – Filed November 9, 2012:
Third Quarter 2012 Form 10-Q (pdf)*
Third Quarter 2012 Form 10-Q Interactive Data File**
Third Quarter 2012 Form 10-Q Interactive Data File (SEC Filing)

Second Quarter 2012 Form 10-Q – Filed August 9, 2012:
Second Quarter 2012 Form 10-Q (pdf)*
Second Quarter 2012 Form 10-Q Interactive Data File**
Second Quarter 2012 Form 10-Q Interactive Data File (SEC Filing)

First Quarter 2012 Form 10-Q – Filed May 9, 2012:
First Quarter 2012 Form 10-Q (pdf)*
First Quarter 2012 Form 10-Q Interactive Data File**
First Quarter 2012 Form 10-Q Interactive Data File (SEC Filing)

Fourth Quarter 2011 Form 10-K – Filed February 29, 2012:
Fourth Quarter 2011 Form 10-K (pdf)*
Fourth Quarter 2011 Form 10-K Interactive Data File**
Fourth Quarter 2011 Form 10-K Interactive Data File (SEC Filing)

Third Quarter 2011 Form 10-Q – Filed November 14, 2011:
Third Quarter 2011 Form 10-Q (pdf)*
Third Quarter 2011 Form 10-Q Interactive Data File**
Third Quarter 2011 Form 10-Q Interactive Data File (SEC Filing)

Second Quarter 2011 Form 10-Q – Filed August 5, 2011:
Second Quarter 2011 Form 10-Q (pdf)*
Second Quarter 2011 Form 10-Q Interactive Data File**
Second Quarter 2011 Form 10-Q Interactive Data File (SEC Filing)

SEC EDGAR Filings

Stock Information: NASDAQ:ZNOM

Contact:
Znomics, Inc.
David G. Latzke, Chief Financial Officer
(952) 253.6032
dlatzke@cherrytree.com

 

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** Reader for Interactive Data Files required. See www.sec.gov for more information.


Forward-Looking Statements
Certain statements found in this press release may constitute “forward-looking statements,” which reflect the speaker’s current views with respect to expectations and future events and include any statement that does not directly relate to a current or historical fact. The forward-looking statements in this press release include the expectation that the Purchasers will use Znomics to acquire an operating business and the anticipated timeline for that process. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Examples of risks and uncertainties relating to the forward-looking statements in this release include, without limitation, the Purchasers’ ability to identify a viable candidate for a reverse merger transaction with Znomics and to successfully negotiate and complete the transaction.