ATSI Files Extension Request for Form 10-K Under Rule 12b-25 with the Securities Exchange Commission.Business Editors and Telecommunications Writers SAN ANTONIO--(BUSINESS WIRE)--Oct. 30, 2002 ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. Communications, Inc. (AMEX AMEX See: American Stock Exchange :AI) announced today that it has filed an extension request with the Securities and Exchange Commission on Form 12b-25 to extend the filing deadline of its annual report (Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. ) for the fiscal year ended July 31, 2002. J. Christopher Cuevas, ATSI's Interim Chief Financial Officer, stated, "As of the date of this filing, we have not been able to obtain all the necessary information to complete this year's audit on a timely basis. Additionally, despite our best efforts for the past two months, as of this date we have not obtained our prior year work papers Noun 1. work papers - a legal document giving information required for employment of certain people in certain countries work permit, working papers from our predecessor auditors, Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol . We anticipate filing our Form 10-K as soon as the additional work required can be completed." ATSI Communications, Inc. is an emerging international carrier serving the rapidly expanding niche markets in and between Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United States, primarily Mexico. The Company's borderless strategy includes the deployment of a "next generation" network for more efficient and cost-effective service offerings of domestic and international voice, data and Internet. ATSI has clear advantages over the competition through its corporate framework consisting of unique licenses, interconnection and service agreements, network footprint, and extensive retail distribution. This news release contains forward-looking statements. These statements describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. More detailed information about ATSI Communications, Inc. is available in the Company's public filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion