Sunergy Update on Filing of Financials: Three 10Q's for 2010 Will Be Published at Once in Next Few Days, 2010 10K and March 31, 2011 10Q to Follow
Press Release Source: Sunergy Inc. On Tuesday June 14, 2011, 9:08 am
SCOTTSDALE, AZ--(Marketwire - 06/14/2011) - Sunergy, Inc (the
- News) announced on May 26, 2011 that It had changed its Auditors (See 8-K filed May 26, 2011) and is pleased to report that our new auditors have completed the review on the financials for the first three quarters of 2010. The drafts for all three 10Q's are having the financials added and will go through a three tier review before being finalized and published all at once in the next few days.
Once the Q's are filed, the 10K for 2010 will follow. The Allied Mining and Supply, LLC acquisition is being audited as well as 2 years' history. Since all other financial information is totally up to date for the current period in the 10Q's for 2010 as subsequent events, management expects the 2010 10K and the first 10Q for 2011 will follow in a reasonable period of time. This will put Sunergy in compliance with the SEC filing requirements of a fully reporting company and the Caveat Emptor should be removed. Management is committed to applying for up-listing to the New Bulletin Board replacement exchange as soon as possible.
Mark Shelley, Director, Treasurer and Chairman of Sunergy's Audit Committee said, " I am really pleased with how well our new financial group is working. Our new Auditors are up to speed and our internal records are up to date so we expect to easily remain current in our required filings. We are totally committed to maintaining a high level of transparency for our shareholders going forward".
The Company urges investors to visit www.sunergygold.com to study the Projects, Corporate Reports and any other due diligence they require before investing in the Company's stock. An informative Dredge video is also available on the site. Investors are also cautioned that message boards are not places that have any official corporate information and should not be relied upon as a source of due diligence, but rather are places where opinions, often colored with agendas, are published.
About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license in Ghana, West Africa and the 140.1 sq. km. Pampana River Rare Earth, Gold and Diamond concession in Sierra Leone, West Africa. We are focused on near term production of these properties this season. We are production and acquisition oriented and are considering several additional projects suitable for near term production in West Africa.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin and Pampana Mining Concessions.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.