Futuris postpones financial statements, audit of past statements ongoing

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November 16, 2021

Futuris Co. (OTCMKTS, FTRS), a staffing provider based in Rockville, Maryland, said in a press release that its unaudited financial statements for the quarter ended April 30 and recent amendments may contain material errors and should not be relied upon until an audit is complete. Futuris also reported that unaudited financial statements for the year ended July 31 will be published shortly.

The company reported it had planned to publish audited financial statements by Monday, but its recent acquisitions of three firm — Akvarr Inc.The Tasa Group and Health HR Inc. — created accounting issues and management resources have been diverted toward integrating those acquisitions.

“Please be assured that resolving these issues and uplisting the company to OTCQB are of the utmost importance to management,” according to a statement by Futuris. “The company appreciates our shareholders’ patience as we work through these important items.”


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