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Wednesday, April 10, 2013 11:14:02 PM
Board of Directors Announces Decision to Become Fully Reporting in 2013
Press Release: ATWEC Technologies, Inc. – Tue, Jan 22, 2013 10:15 AM ESTMEMPHIS, Tenn., Jan. 22, 2013 /PRNewswire/ -- ATWEC Technologies, Inc. (OTC Markets: ATWT), a US-based child safety company, today announced that it has hired an Atlanta-based CPA firm to complete an audit on the Company's financial condition during first quarter 2013.
The move will enable the Company to become fully reporting by making appropriate filings with the Securities and Exchange Commission, once the audit has been completed. The Company is currently reviewing several law firm candidates in order to hire legal counsel for this purpose. Once the Company becomes fully reporting, they will then be eligible to trade on the OTCBB or other exchange.
"We have been discussing this move for a long time, and now we have finally taken the first step to becoming fully reporting," said the Company's CEO Alex Wiley. "As our business is expanding, we will need to step up our reporting and disclosure, and this increased transparency will lead to more opportunities for ATWEC."
The Company anticipates that the move will lead to increased sales and marketing exposure, which in turn could lead to greater financing and acquisition opportunities with larger and more established firms.
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