![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, December 29, 2011 11:51:07 AM
Despite repeated calls, emails and written requests, the prior principals for the Company (i.e., managers leading up to the time of the acquisition of Truman Press, Inc. / Hannover House,
which acquisitions occurred occurred in late 2009, effective as of Jan. 1., 2010), have not provided supporting accounting or bank records for the Y/E 12-31-2009 or for any prior reporting periods. Additionally, Company has since determined that prior management also failed to file corporate tax returns from which essential audit beginning points could be determined. Accordingly, it appears that sufficient data is not available for a full and complete audit of activities for Target Development Group, Inc. to occur for the periods prior to new management in 2010. In respect of the requirement for two (2) years of audited financials in order to comply with most standards of “fully-reporting” status or for eligibility of a market uplisting, management has determined that the best course is to perform the audits for the years ending 12-31-2010 and 12-31-2011 instead of the prior plan of including Y/E/ 2009 as one of the qualifying periods.
http://www.otcmarkets.com/financialReportViewer?symbol=TDGI&id=67229
all imho
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