SAN DIEGO, July 10, 2012 /PRNewswire/ -- Sloud, Inc., (Pink Sheets: SLOU) announced today that the company has engaged Silberstein Ungar, PLLC to complete the company's audit. Once completed, the company will have better access to capital and will also allow the company to apply to become listed on the more prominent financial markets such as the OTC BB or Nasdaq. The company expects the audit to commence in early July and it should take between 3-6 months to complete.
Tony Khodadad, CEO of Sloud, Inc. states, "This is an important step for us to take as an organization as we move forward. Having fully audited financial statements will give us better access to investment capital and business opportunities throughout the global community. As we operate in highly regulated industries, such as energy, mineral exploration and financial inclusion, organized financial statements and corporate infrastructure are essential to our continued expansion and will give perspective investors an accurate view of our present position as well as our history."
About Sloud, Inc. Headquartered in San Diego, CA, Sloud, Inc. is an international holding company that seeks to build value through the development and support of its subsidiaries and license agreements with product and service providers that coincide with their overall business model. Currently, Sloud is focusing on holdings in the alternative energy, mining, and financial industries. We currently operate two subsidiaries, Leone Asset Management and SouthWest Bio Fuels.
Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
SOURCE Sloud, Inc.