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Wednesday, August 24, 2016 7:32:32 PM
Company management agrees with the auditor's decision to remove the Going Concern statement. Per the Form 8K that Dewmar filed on September 25, 2015, for the period ending December 31, 2014; the Company generated a gross profit of 96% on revenues of $4,130,950. From a gross profit standpoint, that's a better performance than what Roche Holding Ltd delivered over the same time period and many view Roche as a world-class organization.
Dr. Moran commented, "We are proud of what we have been able to accomplish operationally and now, administratively, and we are diligently working on establishing a schedule with our accountants that project Dewmar International to be current with its periodic reports this year to gives investors complete access to the Company's entire financial history." Dewmar CEO stated that the Company's in-house bookkeeping records have been and remains current and up-to-date for the past two years, however, those records must be transferred to a third party accounting firm who in turn prepares them for audit and review by Malone Bailey."
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