Macada Holding, Inc. Announces Company Update
28 October 2009 - 2:47AM
Marketwired
Macada Holding, Inc. (PINKSHEETS: MCDA) announces the company shall
have its audit done by the end of this week and submit it to the
OTCBB company; this is one of the few requirements needed to
complete the closing. At this time we have hired a new auditing
firm to complete the audit, due to the enormous amount of calls and
bashing with Joseph, Bagell & Co. For that reason they decided
not to be involved and are no longer completing the audit, which
forced us to hire a new firm last week which has been working
diligently to complete the audit. Once completed, we will disclose
the new firm.
Once the audit is completed, the caveat shall be removed again
permanently. We have five signed deals with a major funding
commitment soon to be announced. Once everything is in place we
will announce the merger plan and company structure as well as the
new OTCBB Company.
In addition we have received approval on all the boxes' graphic
designs for the first phase of our products and have approved the
manufacturing the boxes.
Vice President Steven Cohen stated: "We are in the final stages
of completing the new company structure and preparing to move into
the OTCBB arena and company; we have completed five agreements and
are negotiating other mergers. We have signed the contract with the
OTCBB Company and plan to be fully reporting with a closed major
funding commitment in the new company. Due to the delay of the
audit, the caveat has been placed back on pink sheets awaiting the
option letter and audit, but we will have it removed as soon as the
audit is place and completed. This gives us more strength to
support our shareholders and to prove the performance of the
company's position and growth."
Safe Harbor Provision
This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These
statements are necessarily subject to risk and uncertainty. Actual
results could differ materially from those projected in these
forward-looking statements as a result of certain risk factors that
could cause results to differ materially from estimated results.
Management cautions that all statements as to future results of
operations are necessarily subject to risks, uncertainties and
events that may be beyond the control of Macada, Inc. and no
assurance can be given that such results will be achieved.
Potential risks and uncertainties include, but are not limited to,
the ability to procure, properly price, retain and successfully
complete projects, the availability of technical personnel, changes
in technology and competition.
Contact: Steven Cohen 954-772-2640
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