Phoenix, AZ (PRWEB) June 6, 2005 -
SurfNet Media Group, Inc. (OTCBB: SFNM) announced that it will be filing today a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission relating to its Annual Report on Form 10-KSB for the fiscal year ended February 28, 2005. SurfNet states in the report that its auditor did not begin audit field work until June 1, 2005, two days after the date upon which SurfNetÂs Annual Report on Form 10-KSB was due with the Securities and Exchange Commission.
SurfNet expects that the auditor will complete the audit in a timely fashion and SurfNet will file its Annual Report with the SEC prior to June 30, 2005. When SurfNet files its Annual Report, the NASD will remove the ÂeÂ from SurfNetÂs symbol. The presence of an ÂeÂ does not constitute a trading halt or delisting, although some brokerage firms have policies that prevent trading until an ÂeÂ is removed.
SurfNet Media Group (http://www.surfnetmedia.com/), founded in 1999, is an online broadcast media company and the leading producer and distributor of online, talk radio content, streaming over 100 programs weekly to targeted audiences on its flagship VoiceAmericaÂ Channel (http://www.voice.voiceamerica.com/), VoiceAmericaÂ Business Channel (http://www.business.voiceamerica.com/) and VoiceAmericaÂ Health & Wellness Channel (http://www.health.voiceamerica.com/). Additionally, SurfNet is pioneering a unique, next-generation content distribution model based on its patented MetaphorÂ® iportal, creating innovative Âcommunity centersÂ that transform any web site into a broadcast portal for syndication of online content, including on-demand libraries, webcasts, MP3 downloads, ecommerce, email, community links, blogs and podcasting.
This release contains certain Âforward-looking statementsÂ for purposes of the Securities and Exchange CommissionÂs Âsafe harborÂ provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause SurfNetÂs actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in SurfNetÂs filings with the Securities and Exchange Commission.