SMC CEO Ralph Tashjian: “The company’s focus was to ensure that the 2008 and 2009 audits were complete and made available to its shareholders and potential investors. Profitability and transparency remain one of the key cornerstones of the company’s corporate policy”.

SMC Recordings Inc. Posts 2009 and 2008 Annual Audit Report

SAN FRANCISCO, CA–(Marketwire – 11/05/10) – SMC Recordings Inc. (otcMarket ticker: SMCE) San Francisco based independent Hip-Hop/Rap Label today announced that the audit of its fiscal year 2009 and 2008 financial statements have been finalized.

“The company’s focus was to ensure that the 2008 and 2009 audits were complete and made available to its shareholders and potential investors. Profitability and transparency remain one of the key cornerstones of the company’s corporate policy”, states Ralph Tashjian, CEO for the Company,

The Company on November 2nd published its Annual Audited Report containing its audited fiscal 2009 and 2008 financial statements, with a report from its independent registered public accounting firm expressing an unqualified opinion regarding the company’s audited financial statements on the OTC Disclosure and News Service.

In making the announcement, David Newberg, CFO for the Company, states, “The initial audit of a Company is a long and exhausting process, but once done it creates a financial foundation that increases our credibility and steadies the Company while providing our shareholders and potential investors with the visibility they require into our operations”.

To view the Annual Report and Preliminary Financial results, please visit the website of the OTC Markets at: http://www.otcmarkets.com/stock/SMCE/

Some other Ralph Tashjian links you may be interested in:
SMC Recordings on MySpace

Ralph Tashjian on Twitter

Ralph Tashjian’s favorite press release of the week

Ralph Tashjian’s 2nd favorite press release of the week

SF Weekly article about SMC Recordings

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Ralph Tashjian
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