AUSTIN, TX- eDOORWAYS Corporation (
number of general updates to provide the public.
First, as it pertains to the October 1st soft launch date, Michael Vincent,
the company's Lead Technology Architect has made an assessment of the
company's current development regarding meeting the proposed soft launch
date and has concluded the company is on schedule.
As it pertains to the 10K Audit filing, Dan Bensimon, the company's Senior
Financial & Accounting Specialist, has persistently continued to advance
the company's accounting schedule. According to Mr. Bensimon, the company
remains on target for an August 31st filing date of the 10K as well as its
first and second quarter 10Qs.
"At this time we have a very good handle of the company's books," says
Bensimon. "We have the majority if not all of the correct information for
the 10K prepared and are geared up to go into review before handing the
files over to the auditors. Our auditors are expecting delivery of this
data by week's end and seem willing to assist in expediting the audit's
completion."
Generally, it takes an auditor roughly two weeks to complete a 10K review
provided all of the information presented by the company is well prepared.
Should this be the case, the company's 10K can possibly see a filing date
as early as August 10th.
Lastly, as it concerns the proposed pre-launch walk through, this past
Friday, July 24th, 2009, the company reinforced its commitment to making a
presentation available without posing unnecessary risk to proprietary
technology or undermining SEC regulations. The solution was to form an
independent, unpaid board committee comprised of the company's
shareholders. This board committee would review the platform and report
back to all other shareholders and the public. The company simply required
all interested persons be shareholders of record by July 24, 2009, submit
request for board consideration by end of trading day today, Monday, July
27, 2009, willing to execute an extensive non-disclosure and subject
themselves to the legal conditions and implications of SEC Full Disclosure
rules. To date, only one shareholder has submitted a request to join the
company's shareholder's board.
"Again, we'd like to underscore our commitment to making this presentation
available to as many shareholders as possible," said eDOORWAYS Chairman and
CEO Gary Kimmons. "The irony here is that we've given our shareholders the
unique opportunity to take matters into their own hands -- to set their own
review date, make an independent assessment of the company's current
position and make it their responsibility to report the board's finding to
the public -- yet there were few takers. I suppose the sudden lack of
interest stems from many shareholders having more concern about losing
their ability to trade our stock vs. their ability to assess the viability
of the platform. We are confident all of our shareholders will be
impressed with what we're developing should the company be given the full
support of the market. We're approximately two months away from unveiling
SOLVE. We believe it be worth the wait and ask that our shareholders
continue to support our efforts."
The company anticipates offering another update on these same matters by
week's end.
About eDOORWAYS Corporation
For more information on eDOORWAYS Corporation and/or the "eDOORWAYS"
initiative, please e-mail a package request to info@edoorways.com. You can
also visit the website at www.edoorways.com, make comments via the
corporate blog (www.edoorways.wordpress.com) or call toll free at (866)
482-3829.
Safe Harbor
Statements in this news release that are not historical facts, including
statements about plans and expectations regarding products and
opportunities, demand and acceptance of new or existing products, capital
resources and future financial results are forward-looking. Forward-looking
statements involve risks and uncertainties which may cause the Company's
actual results in future periods to differ materially from those expressed.
These uncertainties and risks include changing consumer preferences, lack
of success of new products, loss of the Company's customers, competition
and other factors discussed from time to time in the Company's filings with
the Securities and Exchange Commission.
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