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/).
Forward-Looking Statements
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.
Contact
William Maher, SVP
APT Group, Inc.
InvRel@motovox.com
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
SOURCE APT Group, Inc.