OMDA Oil and Gas, Inc. Announces Update on Company Financials
OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) is pleased to announce that it has completed its yearly financial statements, and has filed up-to-date tax returns. All returns and statements were sent to the current board of directors for their review and comments, and every board member has signed off on them with their approval.
As stated in previous press releases and newsletters, this task was especially difficult due to all of the missing and incomplete records. A team of data keepers, bookkeepers, accountants, consultants, and legal experts was assembled for this arduous task, and has been hard at work on this project over the last year. OMDA Oil and Gas is still a non-reporting pink sheet company, and under the current SEC requirements is not required to make any public financial disclosures; however, the company felt that it was important to let the investors know that these matters are now current and up to date. An SEC audit is the next action necessary to fully and properly complete the financials in order for OMDA to move to the next level.
"Although this is considered a milestone for our company, it is just another step on the path that will lead OMDA to its full potential," stated Chairman Adam Barnett. "I want to thank each and every investor for their patience during our continued growth, and more importantly for their consistent support. I hope this news clarifies any questions or concerns anyone may have had about the company's financial records. We will continue to give updates on these matters when they present themselves in the future." |
