"New Colombia Resources would like to address the>10K>for 2015>The Company has engaged auditors since Nov. 2016; these auditors are independent and do not work at the pleasure of the Company but rather at their own pace implementing audit control measures. *****At the time, and now, there was no reason to believe there would be significant delays in filing of the 10K and the company was optimistic it would be filed expeditiously.
**********Numerous transactions consisting of complex derivative accounting have caused delays beyond the Company's belief.
*****"I share my shareholder's frustration, but at this point I have to let the auditors do their job. All I can do is give them what they ask for, which I have. I was told for the past two weeks we would be done the following week.
*****To my knowledge, there is absolutely nothing being requested that has not been provided nor are there any reasons for concern other than auditor workload," stated John Campo, President of New Colombia Resources. "One thing is for sure, shareholders will be getting a very thorough audRted annual report," further commented Mr. Campo. "
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