Numerous transactions consisting of complex derivative accounting have caused delays beyond the Company's belief.
*****"I share my shareholder's frustration, but at this point I have to let the auditors do their job. All I can do is give them what they ask for, which I have. I was told for the past two weeks we would be done the following week.
*****To my knowledge, there is absolutely nothing being requested that has not been provided nor are there any reasons for concern other than auditor workload," stated John Campo, President of New Colombia Resources. "One thing is for sure, shareholders will be getting a very thorough audRted annual report," further commented Mr. Campo. "