DGAP-News: Next Alternative Inc. / Key word(s): Miscellaneous NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY 06.06.2012 / 16:15
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June 05, 2012 NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY (Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc. (XETRA-N4H), has announced that the company is currently awaiting results of a Federal Government Review before posting its audited statements. As recent changes in Government programs have been made, NAI is awaiting a decision as to whether its Scientific Research and Development expenditures are valid under the new rules. This could result in a significant swing one way or another as far as where the company stands fiscally. According to Ireland, 'We are hopeful that our capital expenditures will fall under the new guidelines and that we will be able to continue with our planned programs going forward.' He continued by saying, 'While this could have a major affect on operations, we are confident that we can alter our course as needed and adjust to the new procedures.' NAI expects to receive the results in a few weeks and will post them promptly thereafter. Next Alternative Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand. For more information on Next Alternative please visit next-alternative.com or call 613.755.4023. End of Corporate News
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06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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173125 06.06.2012
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June 05, 2012 NEXT ALTERNATIVE EXPECTS FORTHCOMING RESOLUTION IN AUDIT DELAY (Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc. (XETRA-N4H), has announced that the company is currently awaiting results of a Federal Government Review before posting its audited statements. As recent changes in Government programs have been made, NAI is awaiting a decision as to whether its Scientific Research and Development expenditures are valid under the new rules. This could result in a significant swing one way or another as far as where the company stands fiscally. According to Ireland, 'We are hopeful that our capital expenditures will fall under the new guidelines and that we will be able to continue with our planned programs going forward.' He continued by saying, 'While this could have a major affect on operations, we are confident that we can alter our course as needed and adjust to the new procedures.' NAI expects to receive the results in a few weeks and will post them promptly thereafter. Next Alternative Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand. For more information on Next Alternative please visit next-alternative.com or call 613.755.4023. End of Corporate News
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06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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173125 06.06.2012
