CalciTech Files 2011 Results
GENEVA, Switzerland--(BUSINESS WIRE)-- CalciTech Ltd. (OTCBB: CLKTF) announces today it has filed it's Form 20-F with the SEC which includes audited accounts for the year ended December 31, 2011. The Company's annual filing can be downloaded from the SEC website: www.sec.gov/edgar.shtml.
The Company has managed to overcome the difficulties resulting from the change in SEC regulations in making its filings. CalciTech's exclusive European licensee, CalciTech Synthetic Minerals Europe Ltd. ("CSME"), which represents a significant part of our business, duly made its annual filing in the United Kingdom at the end of September. A copy of these financial statements can be found on our website, www.calcitech.com.
CalciTech is delighted to announce the appointment of Reeves & Co. LLP of London as its auditor. Together with the Company's US lawyer, Locke Lord LLP, they have efficiently completed this annual filing. The Company will now seek to re-establish its listing on the OTCQB.
In the meantime steady progress is being made by CSME, in developing a site for our first merchant plant and further announcements are expected shortly.
Roger Leopard, President & CEO commented "After some difficult months, the Company is back on course to begin the commercialization of its technology in Europe".
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
Tel: +41 22 710 4020
KEYWORDS: Europe Switzerland
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