Time and money saved will be better spent on the business and dropping down to the bottom line.
Shares will trade just fine OTC.
More small companies should follow the lead here - Sarbanes Oxley is a killer for small companies like this. It makes no sense and there should be some kind of exemption or "short form" way of meeting the requirements - like when you file form 1040A for income taxes instead of the full 1040.
In any case, good job guys - it will work out fine.