TORONTO, April 18, 2012 (GLOBE NEWSWIRE) -- Aspire International Inc. (OTC:APIT) announced today that it expects to file all completed SEC Form 10-Q Quarterly Reports as well as its SEC From 10-K annual report as soon as the final reviews and audits are signed off on by their accounting firm and legal counsel.
The company has been working diligently to improve efficiencies and enable auditable accounting of its financials, having also recently completed the necessary installation of its fully auditable state-of-the-art revenue reporting and financial management software in order to become compliant and enable the company to better control and render completely transparent its very large and growing subscriber base, which has been a key requirement towards becoming fully auditable.
CEO Bok Wong commented: "While this has been a time consuming process, it has become vitally important in helping to grow Aspire more rapidly and efficiently and more importantly, towards positioning Aspire for possible transition to a higher exchange platform in time. We are intent on becoming fully compliant as soon as practical and moving ahead strongly through the remainder of 2012. While the evaluation process to becoming fully compliant can be exhaustive, our aim is to become financially reporting as soon as possible as an absolute priority for Aspire International."
About Aspire International Inc.
Aspire International Inc., www.aspireinternationalinc.com, is a U.S. corporation whose executive offices are in Toronto, Ont., Canada. Aspire is an emerging holding company focused on resource, ecommerce and high-tech projects.
Cautionary Note About Our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe," "project," "expect," "may," "estimate," "intend," "plan," "will," "could," and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information concerning our business, including additional factors that could materially affect our financial results, may be found in our periodic filings with the SEC (http://www.sec.gov).
CONTACT:
Investor Relations
CenterPoint Communications Group, LLC
Todd Lorenze
386-775-2020 x 1
www.centerpointcg.com
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