Business Services Industry
Salon City, Inc. Receives Sign Off Approval from Independent Auditors for SEC Filing
Business Wire, July 9, 2007
SCI's Legal Team Will Send Form 10-SB To SEC
WEST HOLLYWOOD, Calif. -- Salon City, Inc. (OTC:SLON) announced today that auditors Lake and Associates LLC have given approval and officially signed off on their two-year independent audit of Salon City, Inc., in final preparation of SCI's 10-SB filing with the Securities and Exchange Commission to uplist to the Over the Counter Bulletin Board.
SCI's legal team is finalizing the necessary documents to accompany the approved audit, and project the filing will be sent to the SEC in the next few days. Steven Casciola, SCI's President & CEO stated, "This process has taken months to prepare for, and now that the independent auditors have approved the audit, we are grateful to see that sustentative progress has been achieved from a coordinated effort of many committed professionals. This is also a symbolic time (during the 4th of July week) to take this important, historical step for SLON's growth, scalability and future expansion. It clearly demonstrates how good people have come together, SLON investors and fans alike, to collectively pursue the American Dream of creating more wealth, prosperity, beauty and happiness in life by being the best you can be."
Upgrading SLON's reporting status to the OTCBB is an important milestone in the Company's drive towards branding itself as an emerging media, distribution and marketing powerhouse for lifestyle and beauty entertainment around the world.
About Salon City, Inc.
Salon City Magazine, America's newest lifestyle publication published by Salon City, Inc., is now nationally distributed by Time Warner Retail, a Time Warner Company (NYSE:TWX), and internationally by Kable News Distribution, an AmRep company (NYSE: AXR), in 30 countries around the world.
For information on SLON, visit www.saloncity.com or email Investors Relations at info@saloncity.com. Listen to SLON's weekly conference calls: Dial 605-725-1900 (Code:010405), Thursdays, 4 p.m. ET.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
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