The Evermedia Group Provides Audit Update

BOSTON, Feb. 8, 2012  /PRNewswire/ -- The Evermedia Group, Inc. (Pinksheets: EVRM) is pleased to announce completing the 2010 portion of the Company's financial audit, representing a significant step toward filing the Company's Form 10 registration statement.  Once all audit requirements are complete, the Form 10 will advance to the Securities and Exchange Commission (SEC) for review.  In order to become fully reporting and to list on the Bulletin Board, Evermedia must present two years of audited financials prepared by a Public Company Accounting Oversight Board (PCAOB)-accredited accounting firm.  After an assessment of the Company's auditing and submission timelines, management elected to submit financial statements spanning 2010-2011.

Commenting on this development, senior audit partner with M&K PLLC, Matt Manis said, "I believe the decision to expand the audit to include 2011 will benefit Evermedia as we continue in the audit process.  We will incorporate audited financials from 2010 and 2011, exhibiting operations of Evermedia's two wholly owned subsidiaries, System Technology Solutions, Inc., and Evermedia Biometrics Corporation."  Manis continued, "While the audit extended beyond our initial expectations, we're now sufficiently familiar with the Company to move forward."

By satisfying the comprehensive standards imposed by Congress through the Sarbanes-Oxley Act of 2002, the Company will be in compliance with the Act's intent, to protect the investment community by ensuring accurate and independent audit reports.  Once registered, The Evermedia Group, Inc. will be subject to reporting requirements under the Exchange Act.  The Company expects to finalize the audit within the next three months.

According to Jonathan Sym, Chief Executive Officer of The Evermedia Group, Inc., "While the process has been exhausting, it's certainly been thorough, and we look forward to continuing our efforts through completion.  Once 2011 numbers are audited, our expectation is to submit the Form 10 quickly thereafter."

About M&K CPAS, PLLC

M&K CPAS is one of the leading accounting firms in the country specializing in small and development stage companies. It currently serves over 140 clients and is among the most reputable and experienced CPA firms in North America. The Houston, Texas based firm consists of 12 highly experienced top-tier CPAs, more than 20 professional staff members, and enjoys unblemished records with the U.S. Public Company Accounting Oversight Board (PCAOB) and the Canadian Public Accountability Board (CPAB).

About The Evermedia Group, Inc.

The Evermedia Group, Inc. is a Service Disabled, Veteran Owned Small Business (SDVOSB) providing defense and security solutions to government agencies and private entities.  Evermedia Group's wholly-owned, operating subsidiaries include defense contractor System Technology Solutions, Inc. and identity technology developer Evermedia Biometrics Corporation. Follow Evermedia on Facebook (facebook.com/Evermedia)  and Twitter (twitter.com/evermediagroup).

Safe Harbor Statement

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of The Evermedia Group, Inc. and its subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by Evermedia's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Evermedia and its customers, suppliers and partners; the protection of Evermedia's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Evermedia's Alternative Reporting Standard disclosure on www.otcmarkets.com. Evermedia assumes no obligation and does not intend to update these forward-looking statements.

© 2011 The Evermedia Group, Inc. The information contained herein is subject to change without notice. Evermedia shall not be liable for technical or editorial errors or omissions contained herein.

For More Information about The Evermedia Group, Inc., please contract:
Briggs Smith
The Olibri Group
Tel: 813.438.5225
Email: [email protected]

SOURCE The Evermedia Group, Inc.