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The firm will initially complete the audits of Nexicon's financial statements for December 31, 2006, 2007 and 2008. The objective of these audits, in part, are to express opinions asserting that the Company's financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles.
It is the Company's intent to become current in all of its annual and quarterly filings and to meet the regulatory requirements associated with those filings. The completion of the audits is a required and important step toward execution of the company's current plan to list its securities for trading on the OTCBB and, thereafter, potentially additional appropriate exchanges.
"We're pleased to announce this significant step in the continued, overall progress of Nexicon," said Sam Glines, president and COO of Nexicon. "We believe that achieving and maintaining compliance with exchange requirements can provide us with enhanced credibility and help us showcase the Company and its exciting technology to a broader market."
The building of Nexicon's team of outside professionals parallels the Company's progress in product development, licensing and the identification and pursuit of new markets for its portfolio of next-generation digital protection and intelligence technologies.
About Nexicon
Headquartered in Los Angeles, CA, Nexicon (PNK: NXCO | Quote | Chart | News | PowerRating) delivers next-generation digital media protection and digital media business intelligence products and solutions to many industries, including the motion picture and music industries, software and gaming, publishing, ISPs, financial services and government. Its product line includes: DigitalRanger to identify those who illegally facilitate, promote, and profit from hosting or distributing copyrighted content; GetAmnesty that allows copyright holders to fight piracy and collect revenue lost from illegal downloads; YouScout that helps content owners store, distribute and manage their content on the most popular community-driven sites on the Internet, such as YouTube(TM); Envoy that helps ISPs manage DMCA notices for their subscribers; and more. For more information about Nexicon, visit www.nexiconinc.com and check out Nexicon's blog at www.nexiconinc.com/corpblog/.
About Kramer Weisman and Associates, LLP
Kramer Weisman and Associates LLP provides industry-focused Tax, Audit, Accounting, CFO/Controllership and Consulting (including the Healthcare Industry and QuickBooks) services. Our goal is to build trust and enhance value for our public company and privately held clients and their stakeholders.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
SOURCE Nexicon
http://www.nexiconinc.com
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