OK, it is in a press release, and he is historical

OK, it is in a press release, and he is historically true to his word.

"Management of KMAG stands behind all information provided to the shareholders as factual and supportable.

To address this situation and for the benefit of all KMAG shareholders, the Company intends to audit its financial statements for the last two fiscal years and to file a registration statement on Form 10 to become a fully reporting company under the Securities Act of 1934. Once filed, the Form 10 will provide shareholders transparency as to the Company''s financial condition and will allow the Company to verify statements made in its press releases. The Company reiterates that all claims in its press releases have been accurate and the registration process will allow the Company to vigorously defend itself against any claims to the contrary."

http://finance.yahoo.com/news/kmag-temporary-...56498.html