Universal Delivery Solutions Inc. (UDSG.PK) may be close to taking their stock to the next proverbial level. The company announced on Tuesday they’ve hired independent auditors to review and prepare their books for the purpose of becoming eligible for an OTC bulletin board listing.

Currently, UDSG shares are listed as a pink sheet stock. The company overseeing this inter-dealer quotation system - Pink Sheets, LLC - has no disclosure or reporting requirements for a company to maintain a listing. Though some pink sheet companies choose to submit SEC filings anyway, the general lack of disclosure requirement may cause some investors to overlook sound opportunities only because the stock is not listed as a bulletin board stock, or on a major exchange.

Cognizant of the potential hindrance to their stock’s full valuation, Universal Delivery Solutions has not only requested Sherb and Co. LLP prepare the SEC-required 10Q ’s and 10K’s going forward, they’ve also asked for an audit of UDS’s historical books. Using their financial history may allow Sherb to get UDS shares trading on the bulletin board sooner.

While this will change nothing about the company’s performance, our research staff does believe the bulletin board system to be a more credible exchange in investor’s eyes. Greater transparency and more liquidity associated with an OTC listing should encourage many more interested parties to actually trade these shares. Therefore, a bulletin board status may indeed be a bullish event for this stock.

For more, here’s the press release.

For more on how pink sheet stocks differ from bulletin board stocks click here.

UDS Delivery Group (UDSG.PK) has been gaining some interest within the investment community for a while now. And rightfully so…the company appears to be on the verge of starting to do some major business, after a couple years worth of process development and trials.

On top of that, the company recently joined the National Restaurant Association. Membership in the NRA allows them access to many of the 900,000+ food service stores all across the United States. UDS will be attending a trade show in January where 75,000 restaurateurs will be looking for ways to make their stores even better. Considering there’s nothing like UDS Group’s phone-in-order and delivery service out there, we believe their presence at the show will generate quite a buzz.

As of last week, UDS has started to garner some attention with the general business media. How so? They were the subject of an article appearing in the South Florida Business Journal. Most of the comments in the write-up were ideas and facts Micro Cap Press readers already understood, but there were a couple of more facets we found to be new.

The article is complete yet brief, so be sure to check it out by clicking here. In the meantime, our point is simply an acknowledgement and kudos - the UDS investment opportunity is being introduced to a mainstream audience.