T3 Motion, Inc. Appoints New Auditors and Announces Plans for the Future
30 September 2016 - 10:42AM
Marketwired
T3 Motion, Inc. Appoints New Auditors and Announces Plans for
the Future
T3 Motion Appoints TAAD as Its New Auditors and Notifies Its
Shareholders and Stakeholders of Its Upcoming Plans
BREA, CA-(Marketwired - Sep 29, 2016) - T3 Motion, Inc. (OTC
PINK: TTTM), the global leader in the design and delivery of
electric vehicles and tactical technology to the law enforcement,
military, and security markets, announced the engagement of TAAD
LLP as their new independent registered public accountant to
complete the audits and reviews of all of outstanding financial
statements, including those that were not completed under previous
management for fiscal years 2012 through 2015.
T3 Motion's new management team took over in August 2015 and
will work conscientiously with TAAD LLP and the Company's legal and
accounting advisors over the next four months to take all remaining
actions necessary to become current in their SEC reporting
obligations - including completing the preparation, audits, and
reviews of the Company's financial statements for the required
periods so that the Company can file all of their outstanding SEC
periodic reports as soon as each periodic report is completed
during this period.
Additionally, the Company also plans to proactively take all
necessary steps to meet the eligibility requirements for re-listing
their common stock for trading on the NYSE MKT LLC exchange or
another national exchange. The Company pledges to work diligently
toward their goal of re-listing on a national exchange during
2017.
A new group of investors brought vitality and financial
resources to the Company after the group acquired majority
ownership of the Company's outstanding capital stock in November
2014. The proactive investment team firmly believes that the
Company's operations and development is headed back in the right
direction since August 2015, following the appointment of current
T3 Motion Board members and engagement of Mr. Noel Cherowbrier as
the Company's Chief Executive Officer ("CEO").
Mr. Cherowbrier, who previously served as our Vice President of
Global Sales, was responsible for significant International growth
for T3 Motion during his initial tenure with the Company from 2006
until the end of 2012. Since returning to the Company, Mr.
Cherowbrier and the rest of the management team has continued to
focus on making significant improvements in cost control and in
boosting revenues.
As the new CEO, Mr. Cherowbrier has constructed a sales network
and established an experienced sales and marketing team to increase
sales of tactical products to new and existing customers. The
Company has also capitalized on its existing customer base by
introducing new technology driven products to our law enforcement,
security, and military customers. These new product offerings are
expanding the Company's sales opportunities along with enabling the
development of more applications and products for the law
enforcement, security, and government markets.
"We are proud to be partnering with the accomplished team from
TAAD LLP. Their professionalism is an ideal match for our financial
reporting efforts," said Noel Cherowbrier, C.E.O. of T3 Motion,
Inc. "The future for T3 Motion is as bright as ever with our new
investment team, continued focus on clean energy patrol vehicles,
and our tactical product line expansion. T3 Motion has long been
the leader in the global public safety market and we are very
excited to continue to expand our tactical technology expertise
worldwide."
About T3 Motion, Inc.: T3 Motion, Inc. (OTC PINK: TTTM) was
founded in 2006 in Costa Mesa, CA and has become the leader in
clean energy, all-electric patrol vehicles for the Law Enforcement,
Military, and Security markets. T3 Motion's revolutionary patented
T3 Patroller was the first electric multi-shift vehicle designed
for professional applications with interchangeable batteries.
Deployed at airports, military facilities, retail centers,
campuses, business districts, and other high-profile locations, the
T3 Patroller has quickly become the choice of public safety
agencies around the world. T3 Motion, Inc. now also offers
customers the T3 Vision, a smaller all-electric patrol vehicle with
interchangeable batteries ideal for interior patrols. For more
information, visit www.t3motion.com, email sales@t3motion.com, or
call (714) 255-0200.
Forward Looking Statements This press release contains forward
looking statements and information that are based upon beliefs of,
and information currently available to, the Company's management as
well as estimates and assumptions made by the Company's management.
When used in this press release, the words "aim", "anticipate",
"believe", "estimate", "expect", "future", "intend", "plan",
"seek", "will" or the negative of these terms and similar
expressions as they relate to the Company or the Company's
management identify forward looking statements. Such statements
reflect the current view of the Company with respect to future
events and are subject to risks, uncertainties, assumptions and
other factors (including the risks contained in the Company's most
recent Form S-1 Registration Statement as filed with the SEC
entitled "Risk Factors" and in periodic reports the Company files
from time to time with the SEC) relating to the Company's industry,
the Company's operations and results of operations and any
businesses that may be acquired by the Company. Should one or more
of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ
significantly from those anticipated, believed, estimated,
expected, intended or planned. Although the Company believes that
the expectations reflected in the forward looking statements are
reasonable, the Company cannot guarantee future results, levels of
activity, performance or achievements. You should not place undue
reliance on forward looking statements and information, which speak
only as of the date they are made. Except as required by applicable
law, including the securities laws of the United States, the
Company does not intend to update any of the forward-looking
statements to conform these statements to actual results.
Contact: Noel Cherowbrier Chief Executive Officer (714) 255-0200
office ncherowbrier@t3motion.com