ATLANTA, Aug. 30, 2005 (PRIMEZONE) -- WinSonic Digital Media Group, Ltd. (Pink Sheets:WDMG) announces the filing of form 10KSB. Submission of the company's annual report marks the conclusion of a comprehensive audit and the first step toward the common stock returning to NASD Bulletin Board (OTCBB). Forms 10QSB for the first and second quarters of 2005 will be filed in ensuing weeks and WinSonic Digital Media Group, Ltd intends to submit a request that the common stock return to trading on the OTC Bulletin Board.
"Completion of WinSonic's 2004 audit marks a milestone in the history of the company and provides an orderly foundation for WinSonic Digital Media Group to launch WinSonic Digital Cable Systems Network (WDCSN)," said Winston Johnson, Chairman and CEO of WinSonic Digital Media Group, Ltd. "From this point forward the company can aggressively focus on customer growth and leveraging its relationships with major corporations into revenue growth opportunities," said Mr. Johnson.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.
Statements in this press release are certain statements which are not historical or current fact and constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "belief," "expects," "intends," "estimates," "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.