DD Support Board and Research Team

[236T568]

Scam company AVTC admits that just about everything was false and misleading in its previously issued financials for 2011, and hence for 2012 and 2013


http://ih.advfn.com/p.php?pid=nmona&article=65734697&symbol=AVTC

Item 4.02(a) Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review (December 31, 2011 10-K).

On October 27, 2014, AVT, Inc. (the "Company"), conclusively determined that the previously issued audited financial statements as of and for the fiscal year ended December 31, 2011 (“Previously Issued Financial Statements”) as presented in the Company's Annual Report and Amended Annual Report on Form 10-K filed with the Securities and Exchange Commission for the same year (collectively, the "December 31, 2011 10-K"), contain certain errors that materially impact the Previously Issued Financial Statements. Accordingly, these Previously Issued Financial Statements and related financial information should no longer be relied upon.

Specifically, the Company identified errors in its Previously Issued Financial Statements in connection with the accounting for inventory, property and equipment, intangible assets equity based compensation, exchange of debt for equity, depreciation and amortization expense , derivatives embedded in its debt instruments and incorrect classification of expenses.

The Company expects to file its restated audited financial statements for the year ended December 31, 2011, with its amended December 31, 2012, Annual Report on Form 10-K/A, along with restated unaudited financial statements for the quarterly periods ended March 31, 2011, June 30, 2011, and September 30, 2011, as soon as is practicable.

The Company discussed this matter with the Company’s independent registered public accounting firm

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



AVT, Inc.



Dated: March 3, 2015

By:

/s/ James Winsor


Name: James Winsor


Chief Executive Officer