NEWS
TiVUS Engages New Public Accounting Firm
10:04 AM ET 7/26/11 | PR Newswire
TiVUS, Inc. (PINKSHEETS: TIVU) today announced it has named the audit firm of Peter Messineo, CPA, a PCAOB registered public accounting firm, to perform an audit of the Company's previous two years of financial statements required to become a fully reporting Company with the United States Securities & Exchange Commission (SEC).
Shiva Prakash, TiVUS' chief executive officer commented, "I am pleased to engage the firm of Peter Messineo, CPA, as our new public accountant. Peter's firm comes well recommended. Our own due-diligence details his solid reputation, work excellence, and exemplary PCAOB record.
"We have now commenced the audit proper. Although the length of time the audit process takes is unique to each audit and a function of the auditor's inquiries, we should expect three-to-six weeks on average."
Last September, the Company announced it had retained M&K CPAS as its public accounting firm. Prakash continued, "I would like to give a nod to M&K CPAS, one of the largest and most reputable firms of its kind serving small cap companies. My decision to change was based on internal constraints unrelated to M&K, and I'd like to thank them for their professionalism and courtesy.
"In addition to our Host Hotels & Resorts installation nearing completion, current filings, and audit commencement, our sales team, headed by executive vice-president of global sales, Mr. Phil Marriott, continues to field requests for site visits and demonstrations of TiVUS' HD IPTV(TM) from scores of opportunities garnered at a recent trade show," Prakash concluded.
About TiVUS, Inc.
TiVUS, Inc. is a technology entertainment services company providing internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. TiVUS' unique HD IPTV system is a complete hotel entertainment platform that, for the first time in the industry, generates previously untapped income for the hotel through ad-revenue sharing. For more information, please visit www.TiVUS.com and www.TiVUSconnect.com, or check us out on www.facebook.com/TiVUSConnect or www.twitter.com/TiVUSInc.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or United States Securities & Exchange Commission.
Media Relations:Steven Haag(832) 413-6206 stevehaag@TiVUS.com
SOURCE TiVUS, Inc.
