SAN RAMON, Calif., March 9, 2011 /PRNewswire/ -- Systems America, Inc. (Pink Sheets: SYAI), a premier provider of cloud computing and information technology solutions, announced that it has engaged Armanino McKenna LLP as the company's new independent auditor. Armanino McKenna is the largest California-based CPA & Consulting firm and one of the 25 "Best of the Best" accounting firms in the nation.
The Company intends to file a registration statement with the United States Securities and Exchange Commission later this year which will incorporate its audited financial statements as required by Form 10 under the Securities Exchange Act of 1934. Immediately thereafter, the Company intends to file to list its common stock for trading on the OTC Bulletin Board.
"The engagement of a PCAOB ("Public Company Accounting Oversight Board") registered independent auditor was an important corporate goal and the next logical step for us to satisfy SEC public company registration and reporting requirements and comply with the listing requirements for the OTC Bulletin Board," commented Adesh Tyagi, Chairman and CEO of Systems America, Inc. "Once we have become fully registered with the SEC, we should be able to have our common stock listed with and quoted on the OTC Bulletin Board in fairly short order. Our ultimate goal is for the Company to be listed on NASDAQ."
About Systems America
Systems America is a premier provider of diversified cloud computing and information technology solutions to commercial and government clients worldwide. We are ranked one of the fastest growing companies with multiple locations around the world. From a single financial industry client, Systems America expanded into the energy, financial, government, healthcare, retail, and travel industries. Today, Systems America delivers superior cloud computing, information technology consulting services, and systems and integration services to hundreds of clients worldwide. Building on a core competency of efficient technology infrastructure outsourcing, the company is headquartered in San Ramon, California, United States. For additional information about Systems America, please visit www.systemsamerica.com.
Forward-Looking Statements Disclosure
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Systems America, Inc.