Trucept Retains New Outside Audit Firm

Rhea-AI Summary

On February 3, 2023, Trucept Inc. (OTC Pink: TREP) announced the appointment of RJI International CPA's as its new outside financial auditing firm for 2022. The decision was made after evaluating proposals from various firms, aiming to improve upon the previous auditor's performance impacted by the pandemic. CEO Norman Tipton highlighted RJI's 40 years of experience and expressed optimism about the collaboration in 2023. Trucept provides a variety of professional services, including marketing, insurance, payroll, human resources, and accounting support to assist businesses in growth.

Positive

• Appointment of a reputable auditing firm, RJI International CPA's, enhancing credibility.
• RJI's extensive experience could lead to improved financial reporting and transparency.
• Continued expansion of service offerings, strengthening Trucept's market position.

Negative

• Change in auditing firms due to previous performance issues raises concerns about past audits.

SAN DIEGO, Feb. 3, 2023 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) today announced that it has chosen a new outside financial auditing firm.

CEO Norman Tipton commented: "After careful consideration, and after receiving proposals from several firms, we have chosen RJI International CPA's to audit Trucept's financials for 2022. We proactively chose to change firms as the result of the prior firm's performance that was hampered by the pandemic and other operating issues. RJI was founded over 40 years ago, and they bring a wealth of experience to the table. We look forward to working with RJI in 2023 and beyond."

Trucept offers professional services that help businesses navigate growth. The company's professional services now encompass the following:

• Marketing, technology, and Accessibility Act compliance services
• Insurance offerings and third-party administrator (TPA) services
• Payroll
• Human resources and management
• Employee benefits administration
• Accounting support
• Safety and risk management

For additional information, visit www.trucept.com

About Trucept Inc.

True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://truceptservices.com/.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

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SOURCE Trucept Inc.

FAQ

Why did Trucept Inc. change its auditing firm?

Trucept Inc. changed its auditing firm due to performance issues experienced by the previous firm, which were exacerbated by the pandemic.

Who is the new auditor for Trucept Inc. for 2022?

The new auditor for Trucept Inc. for 2022 is RJI International CPA's.

What services does Trucept Inc. provide?

Trucept Inc. offers services including marketing, insurance, payroll, human resources, accounting support, and risk management.

When was the announcement made about Trucept's new auditor?

The announcement regarding Trucept's new auditor was made on February 3, 2023.