ANAHEIM, Calif., Sept. 7, 2004 (PRIMEZONE) -- Gateway International Holdings, Inc. (Pink Sheets:GWYI) announced today that it has retained the accounting firm Banker & Co. to audit its financial statements. Banker & Co. is a boutique accounting firm located in Southern California. In addition to auditing the financial statements, Banker & Co. will review Gateway International's overall business operations, including subsidiaries, in an effort to achieve cost savings and improve efficiencies throughout the organization.
According to Gateway International's CEO, Larry Consalvi, "I am pleased to once again undergo the process of auditing our financial statements. I believe that audited financial statements help our Company in two primary capacities. First, it allows our management to have a greater accuracy from an internal financial perspective. Second, it helps to create transparency for those in the financial markets. Once our audits are complete, I believe that the additional information, which will be available on our website at www.gwyi.com, will help create increased visibility for our company, better transparency for the analysts and greater liquidity for our investors. Our decision to begin auditing our financial statements should help demonstrate to our current and potential investors that we are proceeding according to our strategic plan in a timely manner."
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