IFCR. Big news out. This is what we are waiting on
Post# of 1873
Posted On: 04/20/2016 9:28:17 AM
IFCR. Big news out. This is what we are waiting on.
PRESS RELEASE
Integrated Freight Corporation Anticipates Audit Completion as Next Milestone
Published: Apr 20, 2016 9:01 a.m. ET
DANBURY, CT, Apr 20, 2016 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR) announced today that its operations continue to generate approximately $24,000,000 in revenues, remains EBITDLA positive, and that it will submit its SEC Form 10-K annual report very soon. Last week, the Company issued a preview of its turnaround achievements to date which will be officially memorialized in its upcoming 10-K report.
"Today, IFCR is pleased to report that good progress has been made toward the completion of the audits of its prior year financial statements and the filing of our 10-K report," said Jace Simmons, CFO of Integrated Freight. "As most of our shareholders are aware, our filings were substantially delayed as a result of the administrative actions taken with the Company's former audit firm. As such, we are required to audit the prior two year period 2014-2015. Fortunately, we will be able to confirm much of our fiscal year end March 2016 period simultaneously."
According to Hank Hoffman, IFCR's COO, "Because of the SEC sanctions against our former auditor, IFCR engaged a new firm to re-audit previous reports which included the periods 2014 and 2015 as well as our March 2016 current year report. Timely filings remain our corporate priority and we have enlisted additional resources, as necessary, to complete this critical effort. Based upon our current timetable, we anticipate the 2014 and 2015 audits to be completed within the next six weeks and our current filings to be within SEC guidelines."
About Integrated Freight Corporation
PRESS RELEASE
Integrated Freight Corporation Anticipates Audit Completion as Next Milestone
Published: Apr 20, 2016 9:01 a.m. ET
DANBURY, CT, Apr 20, 2016 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR) announced today that its operations continue to generate approximately $24,000,000 in revenues, remains EBITDLA positive, and that it will submit its SEC Form 10-K annual report very soon. Last week, the Company issued a preview of its turnaround achievements to date which will be officially memorialized in its upcoming 10-K report.
"Today, IFCR is pleased to report that good progress has been made toward the completion of the audits of its prior year financial statements and the filing of our 10-K report," said Jace Simmons, CFO of Integrated Freight. "As most of our shareholders are aware, our filings were substantially delayed as a result of the administrative actions taken with the Company's former audit firm. As such, we are required to audit the prior two year period 2014-2015. Fortunately, we will be able to confirm much of our fiscal year end March 2016 period simultaneously."
According to Hank Hoffman, IFCR's COO, "Because of the SEC sanctions against our former auditor, IFCR engaged a new firm to re-audit previous reports which included the periods 2014 and 2015 as well as our March 2016 current year report. Timely filings remain our corporate priority and we have enlisted additional resources, as necessary, to complete this critical effort. Based upon our current timetable, we anticipate the 2014 and 2015 audits to be completed within the next six weeks and our current filings to be within SEC guidelines."
About Integrated Freight Corporation
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