H & H Imports Filing for Fiscal 2011 Form 10-K Delayed
New Independent Auditors Currently Conducting Audit
(firmenpresse) - CLEARWATER, FL -- (Marketwire) -- 07/15/11 -- H & H Imports, Inc. (OTCBB: HNHI), the parent company of TVGoods ("TVGoods"), a direct response marketing company, today announced that the filing of its Form 10-K for the period ended March 31, 2011 is delayed.
As part of the Company's commitment to corporate governance, the Board of Directors made the decision to transition to a nationally recognized independent audit firm. The process of transitioning to that firm occurred in the last month. The Company's new auditor began its audit of the Form 10-K for the period ended March 31, 2011 of H & H Imports, Inc. in mid June, and this process is expected to be completed as soon as possible.
"We view the transition to our new audit firm, EisnerAmper LLP, as a positive development consistent with our commitment to build a solid foundation for the Company's long-term growth," commented Steve Rogai, Chief Executive Officer. "TVGoods has grown very quickly in a short time, and transitioning to a new audit firm solidifies a relationship that will carry our company in the long-term. The transition to this new auditor was completed in June, and the initial audit is underway. As soon as this audit is complete, we expect to file our annual report with the SEC promptly."
H & H Imports, Inc. is the parent company of TVGoods, Inc. TVGoods, Inc. is a direct response marketing company. We identify, develop and market consumer products for global distribution. TVGoods was established by Kevin Harrington, a pioneer of direct response television. For more information go to .
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in identifying and marketing products, intense competition and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at .
CONTACT INFORMATION:
Brett Maas
Hayden IR
646.536.7331
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Datum: 15.07.2011 - 12:30 Uhr
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