Z Trim Holdings, Inc. Audit Report Contains 'Going Concern' Qualification
14 Mai 2008 - 12:30AM
PR Newswire (US)
MUNDELEIN, Ill., May 13 /PRNewswire-FirstCall/ -- Z Trim Holdings,
Inc. (AMEX:ZTM) announced today that its recently filed financial
statements for the fiscal year ended December 31, 2007 contained a
going concern qualification received from its independent
registered public accounting firm, Blackman Kallick LLP. This
announcement is being made to comply with Section 610 of the Amex
company guide, which requires separate disclosure of receipt of an
audit opinion that contains a going concern qualification. ABOUT Z
TRIM(R) Z Trim, http://www.ztrim.com/, is a natural functional food
ingredient made from the hulls of grain. Z Trim lowers calories
from fats by up to 80% in many foods without negatively affecting
taste or texture, and can substantially reduce harmful trans and
saturated fats found in many foods. Z Trim has wide application in
dairy products, dressings, dips, sauces, baked goods, processed
meats, snack foods, cookies, pies, cakes, icings, brownies, bars,
ice cream, milk shakes and many other foods. Forward-Looking
Statements and Risk Factors Certain statements in this press
release are "forward.looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements involve a number
of risks, uncertainties and other factors that could cause actual
results, performance or achievements of Z Trim Holdings to be
materially different from any future results, performance or
achievements expressed or implied by these forward.looking
statements. Other factors, which could materially affect such
forward.looking statements, can be found in our filings with the
Securities and Exchange Commission at http://www.sec.gov/,
including risk factors relating to material weaknesses in internal
control over financial reporting, our history of operating losses,
lack thus far of significant market acceptance of our products, the
fact that we may dilute existing shareholders through additional
stock issuances, and our reliance on our intellectual property.
Investors, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward.looking
statements and are cautioned not to place undue reliance on such
forward.looking statements. The forward.looking statements made
herein are only made as of the date of this press release and we
undertake no obligation to publicly update such forward.looking
statements to reflect subsequent events or circumstances. Contact:
Angela Strickland Voice: 847-549-6002 Email: DATASOURCE: Z Trim
Holdings, Inc. CONTACT: Angela Strickland of Z Trim Holdings, Inc.,
+1-847-549-6002, Web site: http://www.ztrim.com/
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