ATLANTA, May 24, 2005 (PRIMEZONE) -- WinSonic Digital Media Group, Ltd. (OTCBB:WDMGE) filed a request for a hearing with Nasdaq regulatory authorities regarding the annual audit and the listing status of WinSonic's common stock. Currently the stock trades on the OTC Bulletin Board. "Management feels the unanticipated withdrawal of their auditors, Chavez & Koch from auditing all public companies placed WinSonic in an extraordinarily difficult position. With limited time the Company engaged the services of DeJoya & Company and is actively working with such firm to complete the annual audit and then the first quarter of 2005," said Winston Johnson, Chairman/CEO of WinSonic Digital Media Group, Ltd. Until the hearing the stock will trade with an "e" at the end of the symbol but remains on the OTCBB.
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.