Arcland Energy Corp (fka ACLY)

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It's in the Previous PR



Arcland Energy Announces Engagement of New Accounting Firm, Changes in
Directors and Company Update

PR Newswire

DALLAS, April 20, 2011

DALLAS, April 20, 2011 /PRNewswire/ -- Arcland Energy Corporation (OTC: ACLY)
announced that the Company's board of directors has engaged the accounting
firm of M&K CPAS PLLC ("M&K") as its new independent registered public
accounting firm. Additionally and in compliance with Securities Exchange
Commission ("SEC") regulations pertaining to a "Change of Control," the
Company acknowledges the departure of two of its directors, a reorganization
of the Company, and the commencement of completing an audit of the Company's
financial statements for the fiscal years 2008, 2009 and 2010. At the
conclusion of the audit, the Company will become current in its reporting
requirements including the annual report on Form 10-K. Arcland plans to file
Form S-1 with the SEC to recapitalize the Company for expansion in accordance
with the current business plan.

Definition of Form S-1

The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering (IPO).


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