$FTXP (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, ("Foothills," or the "Company"
, an oil and gas exploration company, today announced that it has submitted its OTCIQ Order Form to subscribe to the OTC Disclosure & News Service. This marks an important step for the Company towards becoming current on the OTC Pink Sheets and ultimately management’s intended upgrade back to the OTCQB.
The Company is focused on becoming compliant and upgrading to the Pink Sheet Current tier on the OTC markets reporting under the Alternative Reporting Standard Guidelines. This is the first in a series of steps the Company is undertaking towards ultimately upgrading its listing back onto the OTCQB. Once the Company obtains OTC Markets’ anticipated approval, it intends to begin filing its financial statements in sequential order as each is completed and expects to perform all necessary filings to become “current” within the next 60 days.