Business Services Industry
Disability Access Corporation Resumes Trading
Business Wire, April 2, 2008
LAS VEGAS -- Disability Access Corporation (Pink Sheets:DBYC), had announced last month that trading was temporarily suspended, effective March 13, 2008, for ten business days as a result of an administrative action taken by the Securities and Exchange Commission. Effective March 28, 2008, the Corporation's common stock resumed trading under its previous symbol DBYC.PK.
In association with the Corporation's review of the SEC allegations, the Corporation has compiled all due diligence material pertaining to the past corporate history of the Corporation and intends to resubmit a Form 15C-211 with the National Association of Securities Dealers to update corporate information on file. The Form 15C-211 will contain audited consolidated financial statements for the fiscal years ended December 31, 2007 and 2006.
Peter Chin, CEO of Disability Access Corporation, stated, "We intend to update our Form 15C-211 filed with the NASD, as soon as possible. We are in the process of auditing the consolidated financial statements for the fiscal years ended December 31, 2007 and 2006. In addition, we would like our shareholders to be aware that this in no way affects the day-to-day business operations of the Corporation."
About Disability Access Corporation
Disability Access Corporation, Inc. conducts facility inspections, policy reviews and program analyses in addition to a comprehensive continuum of other compliance services. Over 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there is more than seven million sites at risk across the United States. For more information about DAC, please visit: www.adaconsultants.com.
Safe Harbor Statement:
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
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