World News: 17:36 GMT Friday 12th July 2019. [DLT Resolution Inc. via Globe Newswire via SPi World News]
Las Vegas, NV, July 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- DLT Resolution Inc. (OTC: DLTI), a Distributed Ledger Technology (“Blockchain”) Data Management, Information Technology and Telecommunications company, herein provides shareholders with an update regarding its financial reporting.
The premise underlying our view that a delay in reporting is necessary and appropriate for the year end and first quarter relates to the potential unintended consequences with the quality of financial reporting.
DLT Resolutions’ former subsidiary A.J.D Data Services, subsequently divested of in January 2019, has transitioned its accounting firm (to ) and its accounting software. In order to do so seamlessly, the preparation, audit and lodgement of DLT’s financial statements for the 10K and quarter ended March 2019 has been delayed beyond the statutory deadline. In terms of timing, we anticipate that the 10K will be filed in the next two weeks and the 10Q shortly thereafter.
We undertake to keep you updated if the above timetable changes substantially, although at the current stage, we feel confident with the proposed deadline. We apologize for this delay; however, the events leading to the delay are essential to the control process, precision, and highest standard of financial reporting. DLT directors are certain that the delay in reporting should not be repeated in subsequent filing periods.
Management looks forward to updating its shareholders on its progress and business development in separate releases.
About DLT Resolution Inc.
DLT Resolution Inc. currently operates in three high-tech industry segments: Blockchain Applications; Telecommunications; and Data Services which includes Image Capture, Data Collection, Data Phone Center Services, and Payment Processing. Its clients represent some of the top businesses from a variety of sectors. DLT Resolution helps organizations that have invoices, ledgers, statements, applications, surveys, employee and customer rewards programs and a wide range of other non-core functions benefit from data management. DLT Resolution also operates a Health Information Exchange providing the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org, the Company offers an easy to use online gateway to its centralized system for patients, lawyers and insurers to retrieve and access medical records.
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Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
DLT Resolution Inc.702-796-6363
Globe Newswire: 17:36 GMT Friday 12th July 2019
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