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Thursday, May 21, 2015 9:37:34 AM
HOUSTON, TX / ACCESSWIRE / May 21, 2015 / American Security Resources Corp. (OTC: ARSC) announced today that it has engaged MaloneBailey LLP as its certifying accountants. MaloneBailey will audit the accounts of ARSC sufficient to satisfy SEC requirements to return ARSC to "fully reporting" status.
MaloneBailey replaces the Company's previous auditors, The Hall Group, CPA's, which are no longer providing public company audits. ARSC had no disagreements with The Hall Group, CPA's.
The Company has filed current unaudited financial statements with OTC Markets, but in order to become an SEC "reporting" company, it must have financial statements that have been audited by a recognized PCAOB auditing firm, such as MaloneBailey.
ARSC is pleased, once again, to be working with MaloneBailey LLP as they have significant expertise with companies like ARSC which are aggressively pursuing asset and operating business acquisitions. In preparation for which, ARSC has removed a considerable amount of affiliate and non-affiliate debt from its balance sheet and created classes of convertible preferred securities for the purpose of acquisition that will be reflected in the audited numbers.
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