WILMINGTON, Del., May 5, 2009 (GLOBE NEWSWIRE) -- Ideation Acquisition Corp. (NYSE Amex, Units: "IDI.U", Common Stock: "IDI," Warrants: "IDI.WS") (the "Company") announced today that its financial statements for the fiscal year ended December 31, 2008 included in the Company's Annual Report on Form 10-K filed on March 20, 2009 contained a going concern qualification from its independent registered public accounting firm, Rothstein, Kass & Company, P.C.
This announcement is required by NYSE Amex Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2008.
About Ideation Acquisition Corp.
Ideation Acquisition Corp. is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses.
Forward-Looking Statements
This press release may contain certain forward-looking statements including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects," "will" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties that are detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.