$ADHC news! American Diversified Holdings Corpor
Post# of 36136
$ADHC news!
[b]American Diversified Holdings Corporation (ADHC) Announces Fiscal Year Change[/b]
AMERICAN DIVERSIFIED HOLDINGS CORPORATION (Pink Sheets:ADHC) has today announced that it is changing its fiscal year from July 31 to year-end December 31. The change is being necessitated so that REBEL NETWORKS, the wholly-owned cloud computing subsidiary and the parent company will have the same fiscal reporting periods. REBEL is on a calendar year and in order to consolidate the financial statements of the two companies it has been determined for ease of reporting the re-statement of ADHC's financials will commence with the filing of statements for the June 30, 2012 period.
ADHC is also in the process of embarking on a strategic acquisition program in the cloud computing arena, and putting the Company on a calendar year fiscal will also make any future consolidation of statements seamless in the opinion of ADHC and its accountants.
ADHC has notified OTC Markets of this proposed change in the Company's quarterly filing with OTC Markets on June 18, 2012.
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