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Allen-Vanguard announces restatement of June 30, 2009 Consolidated Statement of Operations and Comprehensive Loss along with re-filing of its June 30, 2009 MD&A
OTTAWA, Sept. 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company" or "Allen-Vanguard") (TS...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, Sept. 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"\nor "Allen-Vanguard") (TSX: VRS) of Ottawa, Canada announced today the\nrestatement of its June 30, 2009 Consolidated Statements of Operations and\nComprehensive Loss and the re-filing of its June 30, 2009 MD&A. All figures\nare in Canadian dollars and reported in thousands.\n\n\nThe restatement of the June 30, 2009 Consolidated Statement of Operations\nand Comprehensive Loss results in revenue decreasing by $4,329 to $46,980 with\na corresponding decrease to cost of goods sold of $4,329 totaling $31,842.\n\n\nThe restatement has no impact on previously reported gross profit, net\nloss and comprehensive loss and basic and diluted net loss per common share. \nIn addition, there is no impact on prior periods, nor is there any impact on\nthe Company's Consolidated Balance Sheets and Consolidated Statement of Cash\nFlows.\n\n\nForward looking statements\n\n\nThis press release may contain forward-looking statements, which reflect\nAllen-Vanguard's current expectations regarding future events, its strategy,\nexpected performance and condition. Forward-looking statements include\nstatements that are predictive in nature, that depend upon or refer to future\nevents or conditions, or that include words such as "expects," "anticipates,"\n"plans," "believes," "estimates" or negative versions thereof and similar\nexpressions. In addition, any statement that may be made concerning future\nperformance, strategies or prospects, and possible future investments,\nacquisitions or dispositions, is also a forward-looking statement.\nForward-looking statements are based on current expectations and projections\nabout future events and are inherently subject to, among other things, risks,\nuncertainties and assumptions about the Company and economic factors.\nForward-looking statements are not promises or guarantees of future\nperformance, and actual events and results could differ materially from those\nexpressed or implied in any forward-looking statements made about the Company.\nAny number of important factors could contribute to these digressions,\nincluding, but not limited to, general economic, political and market factors\nin North America and internationally, interest and foreign exchange ...