Liuyang Fireworks Changes Fiscal Year End Reporting Period
30 Mai 2011 - 11:15PM
PR Newswire (Canada)
TORONTO, May 30, 2011 /CNW/ -- TORONTO, May 30, 2011 /CNW/ -
Liuyang Fireworks Limited (TSXV: FWK) announces it will change its
fiscal year end to June 30 from the current fiscal year end of
December 31. The change in year end has been made to better align
Liuyang Fireworks' financial reporting, tax planning, and business
cycles with customers and suppliers. The change takes effect
immediately and therefore Liuyang Fireworks will report
transitional fiscal 2011 financial results for the six-month period
ending June 30, 2011. The first full fiscal period will be for the
twelve months ended June 30, 2012. About Liuyang Fireworks Limited
Liuyang Fireworks Limited is a leading China-based manufacturer of
consumer fireworks that are distributed domestically and in more
than 15 countries in North America, South America and Europe. The
Company has more than 16 years of experience in the fireworks
industry and is a supplier to the world's top five fireworks
wholesalers and retailers. Liuyang's ISO9001-certified
manufacturing facilities are located in the Liuyang area of Hunan,
China where more than half of the world's fireworks are produced.
The forward-looking information contained in this news release
represents the expectations of the Company as of the date of this
news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the Company may elect to, it does not undertake
to update this information at any particular time except as
required in accordance with applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/30/c8901.html p
Jacky Longbr/ Chief Financial Officerbr/ Liuyang Fireworks
Limitedbr/ Tel : 416-613-0208 ext 206br/ a
href="mailto:jackylong@farocean.com"jackylong@farocean.com/a /p
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