NEW YORK --(BUSINESS WIRE)-- SoupMan, Inc. (OTCBB: SOUP), the legendary soup sanctuary that has expanded nationwide through restaurant franchises and a retail collection of gourmet heat-and-serve soups, announced today that its common stock has been approved for quotation and has commenced trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol SOUP, as a result of the reincorporation of the Company, formerly known as Passport Arts, Inc. (PPOR), in Delaware. The OTC Bulletin Board is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter equity securities.
Arnold Casale, the Company's Chairman & CEO, stated, "This is a profound moment in our Company's history and we are extremely excited that we have completed our reincorporation merger to enable SoupMan to be quoted under the symbol SOUP on the OTCBB. We expect that our public listing will further enable us to fulfill our mission of making and serving the best soups in the world to consumers nationwide."
Al Yeganeh started his Soup Kitchen International in 1984 at 55th Street & 8th Avenue in Manhattan. It soon became a worldwide destination, setting the standard for innovation and excellence in soups, and gaining global fame when it was featured in one of network television's most famous sitcom episodes of all time.
With the launch of The Original SoupMan restaurants and his new retail line of premium, gourmet, "heat-n-serve" soups and our ecommerce-enabled website, the company giving everyone the opportunity to experience soup as it was meant to be – at home, or away! To assure the continuity of the brand's legendary quality, the SoupMan has assembled a group of experienced franchise owners and experts in the supermarket industry who love soup as much as he does, to help make his soups a household product.
This release includes forward-looking statements on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the expected results of our new listing symbol. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, a failure of our products to receive anticipated or greater market acceptance and a failure of our stock to have large and steady trading volume that will support continuous sales, and other factors described in our Annual Report on Form 10-K for the year ended August 31, 2010 and any other filings with the SEC. The information in this release is provided only as of the date of this release, and we do not undertake any obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.