Artevo Corp
SymbolAEV
Shares Issued31,231,176
Close 2009-08-06C$ 0.10
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Artevo restates annual, interim financials

2009-09-02 19:54 ET - News Release

Mr. Christopher Talbot reports

ARTEVO ANNOUNCES RESTATED FINANCIAL STATEMENTS AND MD&A

Artevo Corp. has released its restated audited financial statements and management's discussion and analysis for the year ended Sept. 30, 2008, as well as the restated interim financial statements and MD&A for the three-month period ended Dec. 31, 2008, and the three- and six-month periods ended March 31, 2009, as referred to in its news release in Stockwatch dated Aug. 27, 2009. The financial statements and MD&A are available on SEDAR. The restatement is due to the improper recognition of $50,443 of events services revenue during the period ended Sept. 30, 2008, which should have been deferred as at Sept. 30, 2008. Please refer to note 21 of the restated audited financial statements for the year ended Sept. 30, 2008, or note 11 of the interim financial statements for the three- and nine-month period ended June 30, 2009, for further information regarding the adjustment.

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