VAN NUYS, Calif., Jan. 15, 2008 (PRIME NEWSWIRE) -- TechnoConcepts, Inc., doing business as Terocelo Inc. (OTCBB:TCPS), announced that it will be filing today a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission relating to its Annual Report on Form 10-KSB for the fiscal year ended September 30, 2007. Terocelo states in the report that its field audit work has been delayed due to realignment of its finances. The Company's Annual Report on Form 10-KSB was due to be filed with the Securities and Exchange Commission on January 14, 2008.
Terocelo expects that the auditor will complete the audit in a timely fashion and Terocelo will file its Annual Report with the SEC by February 18, 2008. Instead of accessing Terocelo stock using the company's TCPS.OB trading symbol, investors will need to specify TCPSE.OB. When Terocelo files its Annual Report, the NASD will remove the "e" from Terocelo's symbol. The presence of an "e" does not constitute a trading halt or delisting of the company's stock.
About Terocelo Inc.
TechnoConcepts Inc. (OTCBB:TCPS) (Frankfurt:UYE) does business as Terocelo Inc. Terocelo is in the business of designing, developing, licensing and marketing technology focused in the communications marketplace. Terocelo is positioned in the high-growth, wireless communication market having developed breakthrough, disruptive technologies. These technologies can be integrated into many high-volume commercial markets, including cell phone, automotive, base station, Femto/Pico Cell, and First Responder markets.
More information is available at www.terocelo.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. In particular, there is no assurance that the above transactions will be consummated or, if consummated, will be on these terms. In addition, such statements may relate, among other things to expected financial and operating results, the expected acceptance of the company's products, the usefulness and benefits of the company's products generally and the acceptance of the company's technological solutions and its ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: difficulties providing solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products in the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the company's limited operating history, its inexperience in operating internationally and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of TechnoConcepts' business, please refer to the company's Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006, filed with the Securities and Exchange Commission, and as subsequently amended, and subsequent quarterly filings. The company assumes no obligation to update any forward-looking statement contained in this press release or with respect to the announcements described herein.