Dynamic Ventures Corporation Anticipates its Financials to be filed Imminently
Nov. 29, 2010 (PR Newswire) --
SCOTTSDALE, AZ - Dynamic Ventures Corporation (OTC: BB: DYNV), anticipates its financials to be filed imminently.
On November 15th, 2010 the company filed a NT 10Q with the Security and Exchange Commission (SEC) informing them that the Registrant (DYNV) was unable to complete its audit and preparation of its 10Q in a timely manner due to unanticipated delays. The company was hoping to meet the extension deadline. However, when this date was not met, an "E" was added to the company's trading symbol (DYNVE) to denote the company is late in a required SEC Filing or has submitted an incomplete form. The "E" will be removed once the appropriate filings are submitted to, and approved by the SEC. SEC regulations allows the company a 30 day grace period in which to do so, but the company anticipates its financials to be filed imminently.
"The extensive time it took to prepare interim statements due to the acquisition by Bundled Builder Solutions, Inc, of Floor Art, LLC and Builder Design Center, LLC, which occurred prior to the share exchange agreement. In addition, our September 30th 2010 financials and all related financials had to be redone to give effect to the stock split on November 09th 2010, are just two examples of why our filings required more time then usual." explained Paul Kalkbrenner, President of Dynamic Ventures.
The company appointed a new auditor upon the completion of the merger as well as new legal counsel. As such, the new firms required additional time and due diligence to become familiar with the corporation prior to signing off on the filing.
About The Company:
Dynamic Ventures Corporation, develops and markets efficient construction solutions for residential and commercial buildings. The company offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED certified structures.
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.
SOURCE Dynamic Ventures Corp.
Source: PR Newswire (November 29, 2010 - 8:58 AM EST)
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