DAYTONA BEACH, FL--(Marketwired - May 21, 2014) - Quture International, Inc. (OTCQB: QUTR) ("Q") today announced that after an extensive search, it has engaged Martin Scott CFO Consulting Services, Inc. to work with its legal counsel and auditor to prepare and file its Forms 10-K and 10-Q's as previously discussed in the Company's recent Shareholder Letter and Update. Pending any unforeseen delays, the Company is confident in its ability to file these items in the near future. As previously announced, the delay in filing has been to examine and take appropriate action regarding previously reported, undocumented debt in its previous merger with Techs Loanstar (trading as TCLN), as well as material changes in the condition of the Company and several affiliations in that merger.
Since 2002, Martin Scott has owned and managed Martin Scott CFO Consulting Services, Inc., a Florida consulting practice that specializes in assisting small public companies in growth and risk management and in the preparation of their financial reports for the SEC. He is a certified public accountant and a member of the Institute of Certified Public Accountants. Mr. Scott has extensive experience before and after forming his consulting company as CFO of both public and privately-held companies. He holds a BS degree in Accounting and Finance from Florida State University.
"Q is evolving from software development to operations and revenue. In addition to raising capital and completing the development of our software and proctoring app, getting our financial house and regulatory filings in order, and regaining compliance with the Securities & Exchange Commission are important initiatives on our agenda and successfully completing them will be crucial to our growth moving forward," said Landon Feazell, Chairman and Chief Executive Officer of Quture.
He continued, "We're thrilled to bring on Martin Scott to lead this initiative. Mr. Scott, alongside our recently announced new legal counsel, Mr. Joel Mayersohn, will be pivotal in ensuring that the filings are accomplished in a timely manner. We have already been working aggressively and will continue over the coming weeks to file these important items and provide increased transparency to regulators and our shareholders."
About Quture International
Quture International (OTCQB: QUTR) is the proven and experienced clinical performance and outcome analytics and solutions company in American healthcare. Q's first-to-market clinical intelligence software is the complete solution for healthcare providers, payers, employers, and insurance companies seeking to achieve optimal clinical, financial and operational outcomes. Q's QualOptima Connectivity & Analytics System empowers value-driven, patient-centered, personalized care focused on real-time and predictive patient management and patient safety, with optimal quality demonstrated by outcomes correlated with resource use, revenue and cost. As an Application Partner of InterSystems Corporation, Q's software operates on their HealthShare strategic technology platform to capture, integrate, aggregate, and analyze data transformed to knowledge in Q's innovative second-generation database. InterSystems (www.intersystems.com) has customers in over 100 countries with 80% of top hospitals in America currently utilizing its technology. Q's core competence and value proposition lies in its embedded evidence-based metrics, clinical content and analytic algorithms developed from over 35 years of measuring performance in hundreds of hospitals, physician organizations and HMO's.
As the free enterprise solution to improving health and healthcare while reducing costs, Q is positioned through its disruptive technology to become the foremost global provider of value-based clinical intelligence and knowledge solutions. Q is a Nevada corporation based in Daytona Beach, Florida, and trades on the OTC exchange under the symbol 'QUTR.'
Forward Looking Statements: This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.