NEW YORK, April 24, 2006 (PRIMEZONE) -- Vitasti, Inc. (OTCBB:VITSE) (the "Company") today announced that the filing of its Form 10-KSB for the fiscal year ended December 31, 2005 will be delayed due to the backlog in the accounting of its last two transactions.
The Company remains committed to accurate financial reporting and is working diligently with its new auditors, Manning Elliott LLP, and its attorneys, Steady Law Group, LLP, to ensure filing in the very near future.
The 2004K and the first two quarters of 2005 have been restated and filed on March 21, 2006 for the 10KSB/A and on April 7, 2006 for the 10QSB/A. The company filed an 8K on April 18, 2006 announcing its new Auditor, Manning Elliott LLP. As of this date, Manning Elliott has begun the process of getting the company current on its filings.
The Company will begin trading under the symbol "VITSE" effective at the opening of business on Monday, April 24, 2006. The Company has 30 days to complete its filing though we anticipate being compliant within 2 weeks and to resume trading under our assigned symbol, VITS. We thank our investors for their patience.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.