SEATTLE, Nov. 15 /PRNewswire-FirstCall/ -- Impart(TM) Media Group, Inc. (BULLETIN BOARD: IMMG) , a unique full service provider of hardware, content, and advertising for digital media networks announced today that the company has submitted a filing extension for the Quarterly Report on the fiscal quarter ended September 30, 2006.
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The reasons cited for the delay involve the required restatement of the financial statements included in our Second Quarter Report for the fiscal quarter ended June 30, 2006, which has had an effect on the preparation of our financial statements to be included in our Quarterly Report for the fiscal quarter ended September 30, 2006.
According to Impart's Chairman and CEO, Joe F. Martinez, "Our entire finance and accounting department has devoted a substantial amount of time to become fully compliant in all matters of our financial reporting. We strive to take a disciplined approach and comply with Generally Accepted Accounting Principles (GAAP) in all our filings. This restatement was necessary in order to further that commitment. As a result, we were delayed in preparing and providing our independent registered public accountants with the financial statements required for our Quarterly Report on Form 10-QSB for the three and nine-month periods ended September 30, 2006."
About Impart Media Group, Inc.
Impart Media Group, Inc., headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector. The company is growing through a consolidation strategy that includes acquiring the industry's best and brightest talent and developing the most advanced solutions to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands and environments in industries such as retail, grocery, banking, restaurants, hospitality, government, airports, and public transit spaces, among others. The company's digital media solutions enable the simultaneous delivery of video, stills, text, web, and animation content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center or secure web portals. For more information please visit: http://www.impartmedia.com/ or call (800) 544-3343.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Impart products by customers, and future performance of Impart Media Group. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
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