ASKE .0003-Steps Toward Becoming Reporting Company-NEWS

New Post Public Reply Private Reply Replies (0) Message Board

Mar 27, 2013 at 9:00 AM

ASKE .0003-Steps Toward Becoming Reporting Company-NEWS

Alaska Pacific Energy Corp Takes Steps Toward Becoming Reporting Company: Engages International Firm to Conduct Audit 03/27 07:45 AM

MIAMI FL -- (MARKETWIRE) -- 03/27/13 -- Alaska Pacific Energy Corp. (ASKE:$0.0003,$0.00,000.00%) announced last week that it has retained the services of RBSM LLP-Accountants and Advisors. The scope of the engagement is to conduct an audit of the company's financials. The purpose of the audit is to assist the company in becoming once again listed as an OTCQB Company. As an OTCQB company, the company is required to have its financial reports audited by a Public Company Accounting Oversight Board Accounting Firm (PCAOB). These financial reports as well as disclosure and other reports are filed with the Securities Exchange Commission. http://www.otcmarkets.com/companies-advisors/otcqb .
RBSM LLP is a certified public accounting firm with operating offices in major cities in the United States, Europe & Asia. The firm provides professional accounting, auditing and tax services to a number of publicly held businesses as well as privately held companies. http://www.rbsmllp.com/about-us-overview.php .
"I see this as a workable task," said Alaska Pacific President Dominick Falso. "Although any time there is a management change... like we have gone through, understanding the accounting that was done by the predecessors can have its challenges... but we have spent enough time going through the company records... and they appear to be in proper order... we feel comfortable that the records are certainly auditable. I am very happy that we were able to engage RBSM. They are a world class firm."
The company will be working with Managing Partner Peter Stefano. Peter has thirty years of experience in serving the audit and accounting needs of domestic and international public and privately-held enterprises. Peter has made presentations at a number of conferences addressing topics affecting enterprises seeking to access the public markets as well as challenges facing current registrants. http://www.rbsmllp.com/about-us-member-stefanou.php .
In July of 2011, the company filed a form 15 with the SEC, voluntarily becoming delisted from the QB. When new management took over Alaska Pacific in December of last year the company was listed as a Limited Information Company on OTC Markets. The company then completed all the necessary tasks to once again regain its status of "OTC Pink Current Information" on the OTC Market. At that point, Company President Dominick Falso indicated that "... it just makes sense for the company to determine whether continuing the remediation of the company's OTC status back to the QB is a fiscally sound idea."
As an "OTC Pink Current Information" company, the company is currently required to post quarterly and annual financial and disclosure reports on the OTC Markets site. This information is then available for the public (investors) to examine. As an OTCQB company, the company will be required to have its financial reports audited by a Public Company Accounting Oversight Board Accounting Firm (PCAOB). These financial reports as well as disclosure and other reports are filed with the Securities Exchange Commission. http://www.otcmarkets.com/companies-advisors/otcqb .
"There is additional expense in becoming and maintaining QB ranking," said Mr. Falso. "I have examined the options... it is time to act... It appears that the return to a reporting status is within our reach and a worthwhile project... Also, we are looking at oil and gas projects that could conceivably produce tens if not hundreds of millions of dollars in oil and gas. When those kinds of figures are involved... it just makes sense to have audited financials... we hope to be a QB reporting company by the time we file our second quarter reports... I am very excited and optimistic about the future of our company."
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT:
Alaska Pacific Energy Corp. (ASKE:$0.0003,$0.00,000.00%)
Dominick Falso
President
(954) 793-0657
www.alaskapacificenergy.com (web site under revision; not totally up to date.)
info@alaskapacificenergy.com

Get more news on:SYMBOLS: ASKENEWS TYPE: SECTORS: Industrials, Commercial Services and Supplies

I ONLY POST WHAT I PLAY

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Summit Tackles BRI Infrastructure's Role in Global SDGs

A Bold Gathering with Lofty Goals Ever watch a room of world leaders debate the finer nuances of sustainable infrastructure? That's something Singapore pulled off on September 6, 2026, with the Second Global Business Summit on Belt and Road Infrastructure Investment. These aren't just any ordinary suits sitting around in a conference room. We're talking about a dynamic...

ISO 45010: First Guidance for Menstruation, Menopause

Tackling Menstruation and Menopause in the Workplace Today, the International Organization for Standardization (ISO) has taken a bold step forward by launching ISO 45010—a groundbreaking standard aimed at addressing menstruation and menopause in the workplace. Millions endure these natural processes throughout their careers, yet structured policies to support them have...

TCL’s AI Vision: Immersive Living at IFA 2026

AI and Displays: A Match Made in Tech Heaven Every so often, a company stands up at a tech fair and gives a glimpse into the next chapter of living, as TCL did at IFA 2026. This time, they're not just talking about screens; they're weaving them into the fabric of everyday life alongside AI capabilities. From sporting arenas to your living room, it's a vision of what could...

Mermaid Folklore Meets Revolution in New Short Film

A Sea Haunting Like No Other Ever feel like history's forgotten tales deserve a fresh spin? Well, this one's shaking it up! Hoyt Dwyer, an Atlanta filmmaker, flips the script on a lesser-known bit from the American Revolution. Yeah, we're talking about Hessian soldiers and sirens here. Just hang on to your hats because this ain't your typical historical retelling. A...

Midea's VitaBreeze: Revolutionizing Personalized Climate

A Fresh Breeze in Climate Control Here's something that'll shake up your household. Midea just announced their latest gizmo, called VitaBreeze, and they’re not messing around. They introduced it at IFA 2026, promising it's not just for cooling off in the summer or heating in the winter. Oh no, my friends, they've packed this unit with enough cutting-edge tech that...

MERACH Unveils W60 Plus: A Game Changer for Home Fitness

MERACH's Ambitious Leap into European Markets Walking is one of life's simple pleasures, but it's not always convenient in our work-from-home driven world. That's where MERACH's UltraWalk W60 Plus comes in, dropping anchor in Europe like a brand new ship with all the bells and whistles. What makes this walking pad different, you ask? It's designed to become a natural...

Pudu D7 Robot Shines at IFA, Setting New Robotics Bar

Breaking New Ground in Robotics at IFA Well, here's a nugget for robotics buffs and investors alike: Pudu Robotics, a heavyweight in commercial service robotics, is carving out a fresh chapter with its PUDU D7. Making waves as an honoree at the IFA Innovation Awards, the D7 presents a mash-up of brains and brawn—exemplifying the future path for robotics. The PUDU D7...

Park Systems Expands in the Pacific Northwest

Strategic Move into Hillsboro Sparks Industry Buzz Park Systems, already a heavyweight in the nanometrology arena, just made a bold play with the opening of its latest regional office. Nestled in the tech-centric town of Hillsboro, Oregon, this hub is set to redefine how they handle technical support and customer management across the Pacific Northwest. It's like they're...

TECNO CAMON Slim 5G: Where Art Meets Tech

Unveiling the TECNO CAMON Slim 5G Okay, so imagine a tech brand saying, 'Why not make a phone that’s as much an art piece as it is a gadget?' TECNO just pulled this off with their latest CAMON Slim 5G. The thing's a sleek marvel measuring in at just 6.39mm. Seems like they took a fat-free diet approach to phone design, and not on the digital calories either. A Slim Body...

Media Forum Spotlights Asia-Pacific Cooperation

The Opening Scene: A Gathering with Purpose Well, here we go, diving right into the latest shindig in Shenzhen at the Asia-Pacific Media Forum. Held in China's Guangdong province, they've rounded up over 400 reps from every corner of the globe, all chewing over one key theme: "Building a Path to Shared Prosperity for the Asia-Pacific Community." You could say it's a step...