BOCA RATON, FL -- (Marketwire) -- 10/18/10 -- CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV), announced that it has engaged BDO LLC to conduct financial audit of the company's accounting records and books. The PCAOB (Public Company Accounting Oversight Board) compliant audit is required for CTX to apply for a listing on to a more senior stock exchange.
In commenting on the engagement, Clifford Rhee, CEO of the Company stated, "We are pleased to work with such a reputable public accounting firm as we prepare to become a fully reporting company."
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.