NIAGARA FALLS, Ontario, Aug. 14, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN) retains Gately and Associates as its new auditor and will file the 10Q on Monday.
John Bordynuik, President and CEO of 310 Holdings, Inc., received notice this week that 310 Holdings' original auditor, Moore and Associates, had unexpectedly retired, without giving the Company sufficient notice. Moore and Associates assured management that they had another PCAOB Registered Auditor ready to take over auditing for 310 Holdings, Inc.
However, management was informed yesterday that the newly-referred auditor would not be able to complete their review of 310 Holdings, Inc. in time to file their 10Q as scheduled, since they had a backlog of six other companies.
John Bordynuik, CEO and President, commented, "James Gately did manage to review the 10Q, but unfortunately, due to time constraints, the round of approvals required to edgarize and file another 8k, and 10Q by the SEC cutoff time was impossible. We will file the 10Q August 17."
The Company apologizes for this unfortunate delay, but feels confident that with the election of Gately and his team, 310 Holdings will be able to ensure timely filings in the future.
Additionally, the Company wishes to advise shareholders that events and material news are unfolding at a rapid pace. Therefore, 310 will be forthcoming with numerous press releases to keep the investment community informed as to its progress. Keeping investors updated on the corporate web site or through emails is not an acceptable method to disseminate public information pursuant to SEC disclosure rules. Unless the SEC allows public companies to disseminate information by other means, the Company will continue to update shareholders and investors through the public media.
310 Holdings, Inc. strives to remain clean, compliant, and transparent with its investors and will therefore continue to release frequent press releases to keep everyone up to date as the Company expands and grows.
Furthermore, the Company is in the process of retaining a competent and very experienced investment professional to handle all investor relations duties, including communications with the media and shareholders as well as writing press releases. Details will be announced shortly.
About 310 Holdings, Inc.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. 310 Holdings Inc. signed a definitive agreement to acquire and continue tape data migration and transcription services of John Bordynuik Inc. on June 25, 2009.
For more information, please see http://www.310holdings.com and http://www.johnbordynuik.com.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of 310 Holdings Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.