IIOT-OXYS, Inc. Provides SEC Form 10-Q Filing Update

Rhea-AI Summary

IIOT-OXYS, Inc. (OTC PINK:ITOX) has announced a delay in the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2020. CEO Cliff Emmons stated that complexities related to the financial statements necessitated additional time, pushing the filing target to mid to late September. Emmons emphasized the company's commitment to keeping shareholders informed about its SEC filings. The press release also includes forward-looking statements highlighting potential risks, such as losing major customers and financing challenges.

Positive

• Commitment to timely shareholder communication regarding SEC filings.

Negative

• Delay in filing the Quarterly Report on Form 10-Q could signal financial complications.
• Potential risks associated with financial performance, including loss of major customers and financing challenges.

CAMBRIDGE, MA / ACCESSWIRE / September 1, 2020 / IIOT-OXYS, Inc. (OTC PINK:ITOX) announced an update on their Quarterly Report on Form 10-Q filing for the period ended June 30, 2020. Cliff Emmons, CEO of IIOT-OXYS, Inc. stated, "IIOT-OXYS, Inc. is committed to keeping its shareholders well informed on the company's SEC filings, specifically the filing of the Quarterly Report on Form 10-Q for the period ended June 30, 2020."

Due to circumstances stemming from the complexities pertaining to the financial statements for the quarter, leadership, legal, accounting, and audit teams determined that the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2020 would be delayed beyond the current deadline. Mr. Emmons stated, "While our team originally targeted mid to late August to file, we've determined that additional time is required to complete our filing. Our new adjusted target is mid to late September to file. Our team is committed to doing everything it can to file as early as possible."

Forward-Looking Statements
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

About Us
IIOT-OXYS, Inc. is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS, Inc. edge computing open-source hardware and proprietary ML algorithms employ our Minimally-Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com

CONTACT:
Clifford L. Emmons
CEO
IIOT-OXYS, Inc.
contact@oxyscorp.com
www.oxyscorp.com

SOURCE: IIOT-OXYS, Inc.

View source version on accesswire.com:
https://www.accesswire.com/604210/IIOT-OXYS-Inc-Provides-SEC-Form-10-Q-Filing-Update

FAQ

What is the status of IIOT-OXYS's Form 10-Q for June 30, 2020?

IIOT-OXYS announced a delay in filing its Form 10-Q for the quarter ended June 30, 2020, now targeted for mid to late September.

Why is IIOT-OXYS's filing delayed?

The delay is due to complexities in preparing the financial statements for the quarter.

What are the risks mentioned in IIOT-OXYS's press release?

Risks include potential loss of major customers, financing issues, and challenges in patent processes.