International Absorbents' CFO David Thompson Invited as a Panelist at 'The SEC Institute' Forums
May 11 2006 - 3:24PM
PR Newswire (US)
FERNDALE, Wash., May 11 /PRNewswire-FirstCall/ -- International
Absorbents Inc. (AMEX:IAX), a leading developer and producer of
environmentally-friendly pet care and industrial products, today
announced that the Company's CFO, David Thompson, has been invited
to participate as a panel member discussing practical SEC reporting
issues for small and mid-sized public companies at upcoming forums
sponsored by The SEC Institute. For over 23 years The SEC Institute
has been a world leader in SEC compliance education. The SEC
Institute conducts over 150 basic, intermediate and advanced
seminars annually, focusing on Security and Exchange Commission
rules, regulations and the latest key developments in financial
accounting. Mr. Thompson will be part of the "Controllers'
Roundtable" at the 21st Midyear Reporting Forum in Dallas May 18th
and 19th, and a panelist at the SEC Reporting and FASB Update Forum
for Mid-Sized and Smaller Public Companies on June 1st and 2nd in
Orlando. "We consider this to be a significant compliment
recognizing David's thorough understanding of the many regulatory
changes that have been thrust on public companies in recent years,"
commented Gordon L. Ellis, Chairman of International Absorbents
Inc. "David has remained on top of the changing regulations and has
been the driving force that has ensured our Company is ahead of the
curve in terms of our compliance with new rules. The negative
effects and excessive cost burdens attributable to keeping up with
these new regulations are particularly significant to smaller
public companies like International Absorbents. David has managed
to minimize internal time costs and hard expenses while keeping the
Company fully compliant." International Absorbents Inc. develops,
manufactures and markets patented and proprietary, cost effective
consumer and commercial products derived from recycled, renewable
materials. These environmentally safe products outperform
conventional products used in a broad range of consumer and
industrial applications, including retail/commercial pet bedding
and litter, oil and hazardous liquid spill cleanup and control,
oil/water filtration, and packaging. Further information is
available at http://www.absorbent.com/. Contact: Charles (Chuck)
Tait International Absorbents Inc. Toll Free: 866-514-6559 or
604-681-6181 A number of the matters and subject areas discussed in
this press release that are not historical or current facts deal
with potential future circumstances and developments, including
without limitation, statements referring to the Company's future
growth strategies, prospects for the future, potential financial
results, market and product line growth, abilities to enter new
markets, ability to introduce new products, benefits from
infrastructure improvements and the Company's competitiveness and
profitability as a result of new sales and marketing programs, are
forward- looking statements. The words "believe," "expect,"
"intend," "estimate," "assume" and "anticipate," variations of such
words and similar expressions identify forward-looking statements,
but their absence does not mean that a statement is not
forward-looking. The discussion of such matters and subject areas
is qualified by the inherent risks and uncertainties surrounding
future expectations generally, and it is important to note that the
Company's actual results could differ materially from those
projected, due to various risk factors. Those risks include, but
are not limited to contractor performance, newly installed
equipment performance, weather related construction issues,
consumer acceptance of the Company's products at a new location,
competitor reactions and their ability to market and price their
products, general economic conditions outside of the control of the
Company, and the economic availability of sources of raw materials
to meet demand rates necessary to sustain growth. Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained from time to time in the Company's reports filed with the
SEC, including, but not limited to, the Company's annual report on
Form 10-KSB for the fiscal year ended January 31, 2004 and its
quarterly filings on Form 10-QSB. This press release speaks only as
of its date, and the Company disclaims any duty to update the
information herein. DATASOURCE: International Absorbents Inc.
CONTACT: Charles (Chuck) Tait of International Absorbents Inc.,
1-866-514-6559, or +1-604-681-6181, or Web site:
http://www.absorbent.com/
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