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CHARLOTTE, NC--(MARKET WIRE)--Jan 6, 2009 -- JMI Telecom (Other OTC:JMIM.PK - News) today announced that JTC Fair Song CPA firm has begun an audit of the Company for the years ended December 31, 2007 and will begin an audit of 2008 in February of 2009. The audits will be conducted in accordance with the standards of PCAOB and in conformity with generally accepted accounting principles (GAAP).
JMI will file a Form 10 with The Securities and Exchange Commission (SEC) immediately upon completion of the audits. Once the Form 10 is approved by the SEC, JMI will have a market maker file a 15C211 to move from the Pink Sheets to the Over the Counter Bulletin Board.
Sean Teamor, Chief Financial Officer for JMI, said, "As we grow the Company, we want to be a fully reporting company and completely transparent. We also plan to move to the American Stock Exchange (AMEX), the Nasdaq or another trading platform as soon as possible, to provide our shareholders with more liquidity."
JTC Fair Song offers a full range of audit and assurance, business risk, corporate finance, recovery & reorganization and tax services. As a professional international firm, the company is able to combine the knowledge and experience of their local marketplace with the technologies, methodologies and specialist resources of a professional services organization at the forefront of the global accounting profession. The company has locations in China and Delray Beach, Florida.
JMI Telecom is a company whose mission is clear and forthright with their focus directed on consistently exceeding customers' expectations. The Company will strive to embrace improvements in telecommunications and make a difference to those served through the development of enhanced services for their users through state-of-the-art technology. By combining strategic planning with quality service at reasonable prices, JMI provides a great value for the customer. For more information on the Company, please visit www.jmitelecom.com.
This release contains forward-looking statements that reflect JMI Telecom's (the "Company") plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
JMI Telecom's Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact
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