Accounting Irregularities Investigated at Annihilitech

UUNN Newswire

(Halicon, Soria) Sorian Bancorp, a major debt-holder for Annihilitech, Inc., has called for an an independent review into accounting irregularities at the multifactional manufacturer.

Annihilitech announced that new information had emerged which required investigation into accounting irregularities, and said it was unable to publish its financial results as a result. In the same statement, the corporation also announced that its Chief Financial Officer, Markos Theran would be leaving the company with immediate effect.

Annihilitech said in a statement that it would release its audited 118 consolidated financial statements when it is in a position to do so.