and here is an article complementing the last one in regards to auditing. note please , this PR is 1 year 4 month later !!!
yeah we are working on it..LOL..and btw. there were numerous other ones in between where Wayne said end of that month ..otherwise we fire the accountig firm etc..LOL
NEW YORK, Apr 05, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS:IBCX)
today announced that they have created a special section on its company website
www.ibaccorp.com to keep shareholders updated regarding the progress/status of
the company's audited financial statements on a regular basis through
completion.
The company has taken this action to eliminate any questions or concerns regarding the ongoing process of obtaining audited financial statements and to create as much transparency as possible regarding the company's actions and direction, over the next several weeks many changes will be made regarding the company website and its subsidiaries website's so that the company can better communicate with the shareholders and public regarding its business activities, achievements and status going forward. Once the company has two years of audited financial statements completed it will file the necessary paperwork with the SEC for advancement to the OTCBB.
"We will aggressively continue to work with and provide any and all required documentation or information as requested by the company auditors to complete the task of audited financial statements, per the CEO Mr. Edward W Hayter, 'Wayne get this job completed as soon as possible so that we may apply to the OTCBB as soon as possible,'" said Wayne Burmaster, President & COO IBAC Corporation.
Mr. Burmaster also stated that, "revenues are increasing every month company wide and we expect to have a record year, the company continues to renovate and upgrade its existing properties while adding new acquisitions such as the recently acquired Bonita Springs Sanibel Steakhouse. We have several other acquisitions in several stages of negotiations with the expectations of additional deals being completed in the very near future."
