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Re: Zardiw post# 130502

Monday, 08/22/2011 10:53:35 AM

Monday, August 22, 2011 10:53:35 AM

Post# of 312015
Dead wrong again, maybe you can add some color as to how they're all related to Media credits.


Your statement that only "ONE" issue has been restated is pure fiction and patently false as you very well know.

The following is a summary of the restatements for the nine months ended September 30, 2009, just keeping it real:

Write off of previously recorded media credits $ (1,000,000)

Decrease in income due to change in acquisition accounting for Pak-It (1,616,600)

Decrease in income due to change in acquisition accounting for Javaco (596,213)

Decrease in income due to change in acquisition accounting for John Bordynuik, Inc. (126,569)

Decrease in operating expenses due to change in acquisition accounting 1,256,983

Increase in net interest expense due to change in acquisition accounting (141,468)

Increase in other income due to change in acquisition accounting 45,110

Increase in net income from reclassifications and timing corrections 1,068,323

Total reduction in September 30, 2009 net earnings $ (1,110,434)

Decrease in the valuation of media credits $ (9,997,134)

Decrease in the value of assets acquired from John Bordynuik, Inc. (572,102)

Decrease in the value of goodwill and other assets recorded in conjunction with the acquisition of Javaco and Pak-It (2,360,990)

Decrease in assets from other adjustments (256,432)

Total reduction in September 30, 2009 total assets $(13,186,657)

www.sec.gov/Archives/edgar/data/1381105/000121390010004885/f10q0909a1_jbi.htm

Yes. All relating to ONE thing.......et z