Cyclone Power Technologies
August 1 at 9:01am ·
PRESS RELEASE:
Cyclone Power Technologies to File Audited Financials With SEC and Project and Contract Update.
POMPANO BEACH, FL--(Marketwired - Aug 1, 2016) - Cyclone Power Technologies ( OTC PINK : CYPW ) has engaged and paid SEC attorneys and auditors to bring the company current on all financial reporting. Cyclone will file Audited Reports for the two annual periods ending December 31, 2014 and 2015 and quarterly reviews of the three quarters of 2015, and the first quarter in 2016. The contracts with Hateley & Hampton PC (attorneys) and Anton Chia LLP (auditors) have both been signed and paid in full. All reports are estimated to be released and filed within the next 6 weeks.
Cyclone Power has been working very diligently and aggressively on the business model with the primary focus of getting product to market and generating cash flow and on to profitability. The Cyclone products are being integrated by the Licensees into and with their systems, the manufacturers are finalizing production, and continued engineering support at Cyclone for these processes and new customers. Now Cyclone needs to bring their obligation to the investors up to date. Our original decision to file unaudited financial was based on lack of immediate funds. However, due to increased business and contracts we are now able to file audited financial reports in order to keep our current listing.
"We are very excited about all the recent developments and new business opportunities that have been presented to us. Now that the current financials will be filed, we are back on track and moving full 'steam' ahead!," states Frankie Fruge, President.
