SOURCE: DC Brands International, Inc.

March 22, 2007 07:05 ET

DC Brands International: Clarification on (New) Accounting Firm

DENVER, CO -- (MARKET WIRE) -- March 22, 2007 -- Today, DC Brands International (PINKSHEETS: DCBI) announced that they wanted to clarify the statements made on earlier press releases which stated the company planned to name a "new" accounting firm. The company's President Richard Pearce's use of the word "new" has confused some people in thinking that if the company is getting a "new" accounting firm, there must have been something wrong with the old one. In actuality, the accounting firm will be new to the company; being that it will be the 1st one this company will have had. It was a poor choice of words; as there never was a previous accounting firm.

"Our CFO, Jeremy Alcamo, is fully trained, qualified and more than capable of meeting all of our needs up to this stage," states Mr. Pearce. "Until now, we have done all of our own bookkeeping, filing and reporting. We use a very sophisticated accounting system (Microsoft Dynamics) which Mr. Alcamo did a masterful job of implementing over the past 6-8 months. Jeremy is immensely talented and has my full and complete confidence in everyway. Because of his own belief of where this company is going, he would be the first to tell you we have reached a stage where we need outside assistance and auditing to meet the requirements we will need to move the company in the direction we want to go. We had talked about retaining a firm many months back before we went through our faulty product recall; a problem we disclosed on numerous occasions and which is fully explained in the shareholder video we provided. We apologize for any confusion."

For more information on the company, visit their web site at and Primary Contact: Keith Howard 303-279-3800

Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.

Contact Information

  • Contact:
    Keith Howard