Thursday, April 19, 2012 3:37:46 PM
Let me add this email response received from the pinksheets.com to clarify your misstatement once and for all.
Alternative Reporting Standard refers to a company following our Guidelines for Current Information (http://www.otcmarkets.com/content/doc/DisclosureGuidelines.pdf) instead of filing with the SEC. It looks like the financials were at some point audited by an independent auditor but I am not sure this is still the case, we will need to look into it.
A description of our tiers is available here: http://www.otcmarkets.com/otc-101/otc-market-tiers
The company deregistered from its obligation to file with the SEC on March 23, 2011.
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