Impart Media Group Files Extension for Third Quarter Report
Wednesday November 15, 5:54 pm ET
Conference Call for Investors to Be Conducted After Filing
SEATTLE, Nov. 15 /PRNewswire-FirstCall/ -- Impart(TM) Media Group, Inc. (OTC Bulletin Board: IMMG - News), a unique full service provider of hardware, content, and advertising for digital media networks announced today that the company has submitted a filing extension for the Quarterly Report on the fiscal quarter ended September 30, 2006.
The reasons cited for the delay involve the required restatement of the financial statements included in our Second Quarter Report for the fiscal quarter ended June 30, 2006, which has had an effect on the preparation of our financial statements to be included in our Quarterly Report for the fiscal quarter ended September 30, 2006.
According to Impart's Chairman and CEO, Joe F. Martinez, "Our entire finance and accounting department has devoted a substantial amount of time to become fully compliant in all matters of our financial reporting. We strive to take a disciplined approach and comply with Generally Accepted Accounting Principles (GAAP) in all our filings. This restatement was necessary in order to further that commitment. As a result, we were delayed in preparing and providing our independent registered public accountants with the financial statements required for our Quarterly Report on Form 10-QSB for the three and nine-month periods ended September 30, 2006."
