Accelerize New Media Inc. Announces Removal of Auditor's "Going Concern" Opinion
March 11, 2013 09:00 ET
Accelerize New Media Inc. Announces Removal of Auditor's "Going Concern" Opinion
Removal of Going Concern Validates Business Model & Management's Ability to Execute
NEWPORT BEACH, CA--(Marketwire - Mar 11, 2013) - Accelerize New Media Inc. (
"The removal of the going concern is a significant accomplishment for our management team and its ability to execute," said Accelerize New Media Inc. Chairman and CEO Brian Ross. "In addition, it provides yet another validation of our successful business model and instills confidence in our business on the part of shareholders, customers and partners."
"Having achieved our first full year of profitability in FY 2012, the company surpassed a key milestone and is now well positioned to scale its revenues, build market share, and unlock significant value for shareholders," added Mr. Ross.
About Accelerize New Media, Inc.
Accelerize New Media, Inc. (
Use of Forward-looking Statements
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we describe our successful business model, and our ability to scale our revenues, build market share, and unlock significant value for shareholders, we are using forward looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media's reports filed from time to time with the Securities and Exchange Commission.