SALT LAKE CITY--(BUSINESS WIRE)--Ensurge, Inc. [OTCPink:ESGI] is pleased to announce that it has engaged RBSM LLP, a PCAOB registered public accounting firm, to audit Ensurge’s consolidated financial statements for the past two fiscal years for the purpose of preparing and filing a Form 10 Registration Statement with the Securities and Exchange Commission to become a fully reporting corporation. In connection with the filing of the Form 10 Registration Statement, Ensurge has engaged the law firm of Morse & Morse, PLLC as its corporate and securities counsel.
“As we look into the future, management is taking these steps to become a fully reporting Exchange Act corporation to increase the transparency of Ensurge as well as the credibility of our financial statements,” stated Ensurge’s CEO, Clint Mishleau. “As we work hard to develop and expand our businesses in Guyana, we recognize the importance of being a fully reporting company.”
In other recent developments, Ensurge has borrowed $500,000 from Ambassador Charles Gargano through a nine month, 12% APR convertible debenture, convertible at $0.10/share. The company has retired approximately $61,200 of convertible notes from Asher Enterprises at a cost including interest and premium of approximately $85,000.
More information about Ensurge, Inc. may be found online at www.ensurgeinc.com.
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Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.