Wednesday July 21, 11:58 am Eastern Time
Company Press Release
SOURCE: Microphonics
Ernst & Young To Guide Microphonics To Full Reporting Status
NASHVILLE, Tenn., July 21 /PRNewswire/ -- Microphonics (OTC Bulletin Board: MRPS - news) microphonics.com today announced that it has signed a letter of engagement with Ernst & Young to immediately review and independently audit the company's financials as well as file all necessary forms with the Securities and Exchange Commission in order to become a fully reporting public company.
''It is essential that Microphonics utilize the wealth of resources and knowledge that Ernst & Young possesses to allow Microphonics to meet and exceed its business plan and to maximize shareholder value by becoming a fully reporting public company. This is a significant step towards achieving our goal to have Microphonics become listed on Nasdaq,'' said Jimmy Gayle, CEO of Microphonics.
More information about Microphonics is available at their new website: microphonics.com
The matters described herein contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which could cause actual results to differ materially from historically results, performance or other expectations and from any opinions or statements expressed with respect to future periods.
SOURCE: Microphonics
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