New York, NY – September 8, 2005 – The Sagemark Companies Ltd. (OTCBB:SKCO), a national owner and operator of positron emission tomography (PET) medical diagnostic imaging centers, today announced that is has retained McCloud Communications, LLC as its investor relations firm. McCloud Communications is a strategic investor relations, marketing, communications and financial strategy firm headquartered in Irvine, California.
"We are pleased to announce McCloud Communications will be assisting us with our investor relations initiatives," said Ted Shapiro, President and Chief Executive Officer of The Sagemark Companies Ltd. "We have tasked them with developing and implementing a proactive investor relations and communications program for creating awareness of Sagemark’s activities and assisting it in building shareholder value."
"Sagemark has a strong development strategy in place through which we intend to build our company" continued Shapiro. "We believe that McCloud’s expertise and excellent reputation within the financial and investment community will serve our shareholders and the company well as we move forward with our business initiatives."
About McCloud Communications
Founded in 1998, McCloud Communications provides a wide range of investor relations, corporate communications, marketing and business strategy services. The company’s client base is comprised of publicly traded and privately held companies in the biotechnology, nanotechnology, pharmaceutical, healthcare, telecommunications, software and information technology services industries. For more information, visit www.mccloudcommunications.com or call 949.553.9748.
About The Sagemark Companies Ltd.
Sagemark owns, operates and administers out-patient medical diagnostic imaging centers that utilize positron emission tomography (PET) scanning equipment. PET is an advanced medical diagnostic imaging procedure used by physicians in the detection of certain cancers, coronary disease and neurological disorders including Alzheimer’s disease.
Forward Looking Statement
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve known and unknown risks and uncertainties. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition to the factors set forth above, other important factors that could cause actual results in future periods to differ materially from those results projected in such forward-looking statements include, but are not limited to, risks associated with new technology development, government regulations and access to required financing and working capital. Those and other risks that could cause actual results in future periods to differ materially from those results forecasted in the forward-looking statements are more fully described in the company’s SEC filings. Copies of these filings may be obtained by contacting the company or the U.S. Securities & Exchange Commission via its web site at www.sec.gov. The company undertakes no obligation to update any of the forward-looking statements contained in its press releases.
Contacts:
McCloud Communications The Sagemark Companies Ltd.
Marty Tullio or Mark Tullio Ted Shapiro, President and CEO
949.553.9748 212.554.4219
marty@mccloudcommunications.com TedShapiro@aol.com
mark@mccloudcommunications.com
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THE SAGEMARK COMPANIES LTD. NAMES MCCLOUD COMMUNICATIONS AS ITS INVESTOR RELATIONS FIRM
Company: The Sagemark Companies Ltd.