ATWEC Prepared to File Registration Statement With Audit Completion
September 11 2013 - 7:00AM
Marketwired
ATWEC Technologies, Inc. (OTC Pink: ATWT), a
leader in the child safety industry, today announced that its
auditor has completed the financial audit for the Company's 2011
and 2012 fiscal years, ending December 31.
Although the Company has been trading its stock on the OTC
Markets under the "Current Information" tier since November 2011,
having provided current and adequate financial statements and
corporate reports on a quarterly and annual basis, these statements
have been prepared by the Company and unaudited.
The Company changed auditors in July of this year, retaining
Thompson CPA, a certified public accounting firm located in
Jackson, MS. The firm has worked on the audit and corresponding
disclosures for several weeks, completing the audit today, although
the actual release date was not yet disclosed.
With the audited financial statements, the Company can now file
to become fully reporting, and the Board of Directors has elected
to file a Form 10 registration statement under the Exchange Act,
which automatically goes effective 60 days after the filing with
the Securities and Exchange Commission.
The Company hopes that the move will lead to immediate equity
financing in order to meet the Company's manufacturing costs and
other working capital needs as it increases sales of its Kiddie
Systems™ child safety units to several states.
The Company also announced that it has hired legal counsel in
order to complete the securities filings and help meet its ongoing
reporting obligations. Once the Company becomes fully reporting, it
will then be eligible to trade on the OTCBB or other securities
exchange.
Shareholders and other investors can find the audited financial
statements, along with the Company's Kiddie Systems™ products and
services, on the Company's website home page, www.atwec.com.
Safe Harbor Statement This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should",
"expected," "anticipates", "draft", "eventually" or
"projected".
You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and
other risks identified in the Company's disclosure information.
All company or product names used are the property of their
respective owners and may be the trade marks ™, service marks (SM),
or registered marks ® of other companies, and are used for
information purposes only and to their owners' benefit, without
intent to infringe.
About ATWEC Technologies, Inc.:
ATWEC Technologies, Inc. provides child safety and security
services, headquartered in Memphis, TN, and has been doing business
since 1979. ATWT has developed unique child safety devices which
protect children while they are being transported, both to and from
schools, events, and homes. ATWT has been issued patent number
7,646,288,B2 by the US patent office, and its business model is
associated with legislation designed to mandate these systems for
school and other vehicles, on a state-by-state basis. The Company
trades on the Pink-OTC Markets under the symbol "ATWT", and the
Company's website is www.atwec.com.
Copyright 2013 PR Newswire All rights
reserved.
CONTACT: ATWEC Technologies, Inc. Alex T. Wiley CEO
info@atwec.com 901-324-7089
Atwec Technologies (PK) (USOTC:ATWT)
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