Going Concern Qualification Included in Audit Report for National Lampoon Inc. Financial Statements
January 08 2009 - 6:23PM
Business Wire
National Lampoon, Inc. (NYSE Alternext US: NLN), the most widely
recognized brand in comedy, today announced that Section 610 of the
NYSE Alternext US LLC (the �Exchange�) Company Guide requires a
company whose securities are listed on the Exchange to make a
public announcement through the news media disclosing the receipt
of an audit opinion that contains a going concern qualification.
This information was inadvertently excluded from the earnings
release issued by the Company on November 11, 2008. The audit
report included in the Company�s Annual Report on Form 10-K, which
was filed with the Securities and Exchange Commission on November
10, 2008, included a going concern qualification. About National
Lampoon National Lampoon, Inc. (NYSE Alternext US: NLN) has been a
dominant force in the US comedy world for almost 40 years, and is
currently active in a broad array of media and entertainment
segments. These include feature films, television programming,
online and interactive entertainment, home video, audio, and book
publishing. The Company also owns interests in all major National
Lampoon properties, including National Lampoon�s Animal House, the
National Lampoon Vacation series and National Lampoon�s Van Wilder.
National Lampoon reaches nearly one in four of all 18 to 24 year
old college students in America today. The Company has three core
operating divisions: National Lampoon Films, which includes
production along with theatrical and video distribution of feature
films; College Marketing Division; and National Lampoon Networks,
providing humor content through a number of platforms. These
include its National Lampoon College TV network, the National
Lampoon Humor Network - the most trafficked humor sites on the web,
Toga TV.com - the company�s broadband channel, the Drunk University
Network, the new ZAZ Network, and the National Lampoon Video
Network, which includes channels on YouTube, AOL, Yahoo, Joost, and
a number of digital video platforms across the Internet. These are
all anchored by the award winning comedy website
www.nationallampoon.com
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