SCOTTSDALE, Ariz., Aug. 3, 2011 /PRNewswire/ -- Sunergy, Inc (the
"Company") (OTC-Pink: SNEY) is pleased to report the progress to
date on its financial filings and guidance for its remaining
filings.
Mark Shelley, Director, Treasurer
and Chairman of Sunergy's Audit Committee said, "We have made a
concerted effort to get our filings up to date. During the past 2
and 1/2 months we have hired a new accounting officer, transferred
our audit to a larger audit firm, produced the 10K for 12/31/09 and the three 10Qs for 2010,
3/31/10 06/30/10 and 09/30/10 and begun the 12/31/10 audit in preparation for the 10K filing
and also redone our entire accounting system. The audit and 10K for
12/31/10 will require more work due
to the requirement that Allied be audited from inception to date
with its Sierra Leone activities.
We are not committing to any timelines for the 10K filing because
often confirmations and correspondence required by the auditors
takes extra time which is beyond our control. We have, however,
added extra manpower at every level to insure the most expeditious
result possible. The 10Qs for 2011 are reviewed items and
will follow the 10K."
Further information on 2011 operations on the Company's projects
and prospects in Ghana and
Sierra Leone will be
forthcoming.
About Sunergy: The Company is an aggressive junior mining
exploration and development Company that is production oriented at
the earliest possible profitable opportunity. We control 100% of
the 150 SQ. Km. Nyinahin mining concession with a full prospecting
license in Ghana, West Africa and the 140.1 sq. km. Pampana
River Rare Earth, Gold and Diamond concession in Sierra Leone, West
Africa. We are focused on near term production of these
properties this season. We are production and acquisition oriented
and are considering several additional projects suitable for near
term production in West
Africa.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, any mineralization, development or
exploration of the Nyinahin and Pampana Mining
Concessions.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact:
Bryan Miller, President
707.738.4280 bryan@alliedminingandsupply.com
Sunergy Inc.
14362 N. FRANK LLOYD WRIGHT BLVD | SCOTTSDALE AZ 85260
Phone: 480.477.5810 | Fax: 480.477.5811
Investor Relations: Steve Parent
480.399.7222 steve@sunergygold.com
SOURCE Sunergy, Inc.