NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY
DGAP-News: Next Alternative Inc. / Key word(s): Miscellaneous
NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY
06.06.2012 / 16:15
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June 05, 2012
NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY
(Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc.
(XETRA-N4H), has announced that the company is currently awaiting results
of a Federal Government Review before posting its audited statements.
As recent changes in Government programs have been made, NAI is awaiting a
decision as to whether its Scientific Research and Development expenditures
are valid under the new rules. This could result in a significant swing one
way or another as far as where the company stands fiscally.
According to Ireland, 'We are hopeful that our capital expenditures will
fall under the new guidelines and that we will be able to continue with our
planned programs going forward.' He continued by saying, 'While this could
have a major affect on operations, we are confident that we can alter our
course as needed and adjust to the new procedures.' NAI expects to receive
the results in a few weeks and will post them promptly thereafter.
Next Alternative Inc. is a break-through company paving the way in the
global effort to discover alternative means of energy. Understanding the
need to reduce the demand for fossil fuels, Next Alternative is pioneering
new methods that provide eco-friendly solutions. Poised on the cutting-edge
of new green technologies, Next Alternative strives to develop and offer
products that meet the challenges of our new economy. Next Alternative
stands as an innovator - bringing existing technologies together and
melding them to meet future demand. For more information on Next
Alternative please visit next-alternative.com or call 613.755.4023.
End of Corporate News
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06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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173125 06.06.2012
DGAP-News: Next Alternative Inc. / Key word(s): Miscellaneous
NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY
06.06.2012 / 16:15
---------------------------------------------------------------------
June 05, 2012
NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY
(Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc.
(XETRA-N4H), has announced that the company is currently awaiting results
of a Federal Government Review before posting its audited statements.
As recent changes in Government programs have been made, NAI is awaiting a
decision as to whether its Scientific Research and Development expenditures
are valid under the new rules. This could result in a significant swing one
way or another as far as where the company stands fiscally.
According to Ireland, 'We are hopeful that our capital expenditures will
fall under the new guidelines and that we will be able to continue with our
planned programs going forward.' He continued by saying, 'While this could
have a major affect on operations, we are confident that we can alter our
course as needed and adjust to the new procedures.' NAI expects to receive
the results in a few weeks and will post them promptly thereafter.
Next Alternative Inc. is a break-through company paving the way in the
global effort to discover alternative means of energy. Understanding the
need to reduce the demand for fossil fuels, Next Alternative is pioneering
new methods that provide eco-friendly solutions. Poised on the cutting-edge
of new green technologies, Next Alternative strives to develop and offer
products that meet the challenges of our new economy. Next Alternative
stands as an innovator - bringing existing technologies together and
melding them to meet future demand. For more information on Next
Alternative please visit next-alternative.com or call 613.755.4023.
End of Corporate News
---------------------------------------------------------------------
06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
173125 06.06.2012