Building Turbines Signs Letter of Engagement With the Accounting Firm of MaloneBailey, to Complete Full Financial Audit, With...
January 23 2013 - 7:30AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and
manufacturer of patented, innovative commercial rooftop wind
turbine systems, issued a statement today, that BLDW has signed a
Letter of Engagement with the Accounting Firm of MaloneBailey to
complete a full financial audit of the company, with the intent of
becoming a fully reporting Bulletin Board company.
MaloneBailey, with offices in New York, Beijing, Shenzhen and
Houston, is a full-service global public accounting firm that
specializes in audits of small- and medium-sized public companies
trading on United States stock exchanges. MaloneBailey is in elite
company as one of only nine firms in the world that require an
annual inspection by the Public Company Accounting Oversight Board
(PCAOB); all other firms are inspected every three years. The
Sarbanes-Oxley Act requires the PCAOB to conduct annual inspections
for firms that regularly provide audit reports for more than 100
issuers. The New York Stock Exchange will not accept a company for
listing that does not use one of these 9 firms.
John Graham, CEO of Building Turbines, commented: "With the
addition of Paul Getty, and other recent developments in the
business, our next obvious step is for Building Turbines to
complete and submit a full financial audit. Fully audited
financials will provide transparency to our investors, and assist
in our goals of moving up to a major market."
About Building Turbines, Inc.
Based in Austin, Texas, Building Turbines, Inc. is a renewable
energy company focused primarily on designing, manufacturing and
deploying patented revolutionary rooftop mounted, horizontal-axis
wind turbines that can bring the dream of clean, affordable wind
energy to a reality. The turbines are mounted on a strong steel
frame, with a low rooftop signature, requiring minimal maintenance,
and generating almost no noise or vibration.
For more information: Website:
www.buildingturbines.com E-mail: investor@buildingturbines.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Investor Relations: Dave Zembek 615 426-2565
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