KANSAS CITY, Mo., April 23, 2014 /PRNewswire/ -- APT Group, Inc., a propulsion technology company that manufactures and distributes advanced, environmentally friendly transportation, recreation and utility powersport products (www.powerapt.com), today announced that it has reserved its new name with the Delaware Secretary of State and that it has retained the services of a professional services firm to assist in the preparation of audited financial statements.
APT Group, Inc. is preparing to change the name and ticker symbol of the Company from Frozen Food Gift Group, Inc. (OTC BB:FROZ) to a new name and stock symbol.
"We are working through the process of changing the name and ticker symbol of our public company," said William Maher, Senior Vice President, Corporate and Legal Affairs. "A 14C Information Statement identifying the name will soon be distributed to our shareholders for review. The SEC requires that we wait 20 days after the Information Statement is issued before we can file the formal name change with the Delaware Secretary of State. Once the name change is complete, we will also change the ticker symbol from FROZ to reflect our new name," explained Mr. Maher.
APT Group, Inc. also recently retained the services of Malone Bailey, LLP, a nationally recognized public accounting firm, to assist in the preparation of audited financial statements. Founded in 1982, Malone Bailey is a market leading public accounting firm headquartered in Houston and with offices in New York, Beijing and Shenzhen.
"After interviewing several firms, APT's Board of Directors selected the services of Malone Bailey, LLP," said Alexander Kramer, Chief Financial Officer. "In evaluating a variety of audit firms, we centered on Malone Bailey because they are among the top nine firms in the world that audit over 100 SEC registrants annually while most firms audit fewer than ten per year." Kramer continued, "As a PCAOB compliant firm that specializes in these types of audits, they bring the experience of working with over 160 SEC registrants as clients (including NYSE, NASDAQ and AMEX listed companies) to APT and will help us drive the issuance of audits in a timely manner. We feel very fortunate to have them as part of our team."
About APT Group, Inc.
APT Group, Inc. is a Missouri registered corporation headquartered in Kansas City and is the holding company for the MotoVox® motorsport product line, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines (http://www.motovox.com/, and http://www.powerapt.com/).
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect,'' "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
William Maher, SVP
APT Group, Inc.
E & E Communications
SOURCE APT Group, Inc.