Article: IA Global, Inc. Files Form 10-K; Receives Going Concern Paragraph.(Report)

On September 3, 2009, IA Global, Inc. (NYSE AMEX US:IAO) (the "Company") filed its Annual Report on Form 10-K. In accordance with NYSE AMEX Company Guide Rule 6.10 (b), the Company is disclosing that the Report of the Independent Registered Public Accounting Firm included a going concern paragraph. This paragraph is based on significant operating losses and a working capital deficit as of March 31, 2009. In addition, in connection with loans that the Company's fully owned subsidiary, Global Hotline, Inc., entered into, the equity shares of this subsidiary currently held by the lender of these loans is being challenged by IA Global, Inc. The Company does not expect this ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!