Cintel Corp - Current report filing (8-K)
September 18 2007 - 4:37PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): June 5, 2007
Cintel
Corp.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or Other Jurisdiction
of
Incorporation)
|
333-100046
(Commission
File
Number)
|
52-2360156
(I.R.S.
Employer
Identification
Number)
|
9900
Corporate Campus Drive, Suite 3,000, Louisville, KY 40223
(Address
of principal executive offices) (zip code)
(502)
657-6077
(Registrant's
telephone number, including area code)
Gregory
Sichenzia, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32
nd
Floor
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
4.02 Non-Reliance on Previously Issued Financial Statements or Related Audit
Report or Completed Interim Review.
On
June
5, 2007, the management of the Registrant concluded that its financial
statements for the year ended December 31, 2005, which are included in its
Form
10-KSB for the year ended December 31, 2005 and the financial statements for
the
three months ended March 31, 2006, which are included in its Form 10-QSB for
the
quarter ended March 31, 2006, the financial statements for the three and six
months ended June 30, 2006, which are included in its Form 10-QSB for the
quarter ended June 30, 2006 cannot be relied upon. The Company has determined
to
defer recognition of revenue for all sale arrangements that include the credit
terms "condition of clearing from original buyer", when distributors who use
the
Company's products in network installation projects were allowed to pay when
their final end-users paid them, until such time as the underlying payment
condition has been met
Management
has apprised the Company’s Board and has discussed the matters in this Report
with its independent auditors.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
|
Cintel
Corp.
|
|
|
|
Date: September
18, 2007
|
By:
|
/s/
Sang Don Kim
|
|
Name:
|
Sang
Don Kim
|
|
Title:
|
Chief
Executive Officer
|
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