GBOE - News - This lotto just keeps getting better and better.
SEATTLE, May 18, 2010 (GlobeNewswire via COMTEX) -- GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio"), announces its engagement of Turning Point LLC to (i) prepare GeoBio's financial statements, (ii) update GeoBio's SEC filings and (iii) support the audits of GeoBio's two previously announced acquisition targets in the natural gas and oil services industry. Turning Point, based in Bellevue, WA, has worked with GeoBio in the past, and provides CFO Advisory services, SEC filings for public companies, audit preparation and support, M&A due diligence and preparation, litigation support, valuation analysis and other financial support services.
In addition, GeoBio is in the process of retaining an experienced PCOAB qualified accounting firm in Seattle to review and audit the SEC filings, which will bring GeoBio current in its 1934 Exchange Act disclosure obligations, and to perform the audits on the two target acquisitions. The firm is expected to be retained next week.
Both firms will perform their work under the direction of Douglas A. Daniel, Senior Vice President of Corporate Development and Finance. "Both Doug and I are very pleased to have two very qualified firms to bring the company current and complete the audits of our two acquisitions," said GeoBio's incoming CEO, John Sams. "We look forward to completing this work expeditiously, closing the acquisitions on a timely basis and moving forward with our business integration and planned growth strategy."
