Based on the foregoing
, the employment tax consequences of receiving property tax abatements in exchange for services under P are as follows: Because the workers in question are most likely employees, the amounts that they earn under the program are subject to FICA tax.
THE FOREGOING PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE FEDERAL SECURITIES LAWS.
FOR ALL OF THE FOREGOING REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE.
news release was reviewed on behalf of the company by Jody Dahrouge, P.
press release was reviewed on behalf of the company by Jody Dahrouge, PGeol.
Accordingly, the total of the distributions described in the foregoing
two paragraphs to the holders of the Series "B" Preferred Shares will be (i) $3.
error relating to Series A Preferred Stock accounting was also discovered in the process of the Company's preparation of its Quarterly Report on Form 10-QSB for the fiscal quarter ended March 31, 2005 (the "Quarterly Report").
information contains forward-looking statements concerning the financial condition, results of operations and business of the Company and its plans, objectives, expectations, estimates and intentions.