ATLANTA, May 21, 2013 /PRNewswire/ -- Energy Edge Technologies Corporation (OTCQB: EEDG), and its subsidiaries, Energy Edge Solutions and The Gourmet Wing Company jointly announced today it will be fully compliant with SEC reporting requirements this week.
"We intend to be fully compliant with SEC reporting requirements as we pursue our plan to continue adding new brands to our expanding portfolio. Our strategy is to become a meaningful participant in the food and beverage category," said James Boyd, a former top executive with Popeyes Chicken, Quizno's and other concepts. Boyd, who recently took the helm at EEDG as CEO, is now in the process of reshaping the company.
Boyd said, "The reason for the late filing was due to several questions raised by the auditor relating to pre-opening expenses and licensing income and how those expenses/income should be treated. Expenses can be expensed as they are incurred, or they can be capitalized. In this regard, these expenses represent an asset for the company and are recorded on the balance sheet."
About Energy Edge Technologies Corporation Inc.
Energy Edge Technologies Corporation (EEDG) is the parent company of Energy Edge Solutions and The Gourmet Wing Company.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Energy Edge Technologies Corporation and its subsidiaries to be materially different from the statements made herein.
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SOURCE Energy Edge Technologies Corporation