NTR Acquisition Co. Receives Going Concern Qualification Related to Its 2007 Year-End Audited Financial Statements
April 11 2008 - 4:30PM
Business Wire
NTR Acquisition Co. (AMEX, Units: NTQ.U, Common Stock: NTQ,
Warrants: NTQ.WS), a special purpose acquisition company focused on
the energy industry, announced today, as required by the American
Stock Exchange rules, that the independent accountant�s opinion
accompanying its audited financial statements for the year ended
December 31, 2007 contains a going concern qualification. This
announcement is made in compliance with Sections 401(h) and 610(b)
of the American Stock Exchange Guide, which requires listed
companies to make public announcements disclosing the receipt of an
audit opinion that contains a going concern qualification. About
NTR Acquisition Co. NTR is a special purpose acquisition company
organized under the laws of the State of Delaware on June�2, 2006.
NTR was formed to acquire, through a merger, capital stock
exchange, asset acquisition or other similar business combination,
one or more businesses or assets in the energy industry, with a
particular focus on businesses or assets involved in the refining,
distribution and marketing of petroleum products in North America.
Forward Looking Statements This press release contains
forward-looking statements. Statements that are not historical
facts, including statements about beliefs and expectations, are
forward-looking statements. Although NTR believes that the
assumptions on which the forward-looking statements contained
herein are based are reasonable, any of those assumptions could
prove to be inaccurate given the inherent uncertainties as to the
occurrence or non-occurrence of future events. Among the many
factors that could cause actual results to differ from
forward-looking statements contained herein and in the exhibits
hereto include: economic, business and political conditions in the
United States and abroad; fluctuations in oil and gas prices;
changes in applicable laws and regulations; the ability to identify
suitable targets for NTR�s initial business combination; risks that
no definitive agreement can be reached in connection with an
initial business combination or that an initial business
combination may not be consummated at all; and other risk factors
set forth from time to time in NTR�s filings with the U.S.
Securities and Exchange Commission (available at www.sec.gov). The
inclusion of any forward-looking statement in this press release
should not be regarded as a representation by NTR that NTR�s
objectives will be achieved. NTR undertakes no obligation to
publicly update forward-looking statements, whether as a result of
new information, future events or otherwise.
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