VERUS INTERNATIONAL PROVIDES OPERATIONAL UPDATE
VERUS INTL INC (VRUS)
Company Research
Source: GlobeNewswire
Gaithersburg, MD, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) is providing the following operational update as part of a plan to issue updates during the period leading up to the completion of the delayed fiscal 2019 Form 10-K, and subsequent filing of the fiscal 2020 Q1 Form 10-Q, which is due March 16, 2020. Audit Update When the Company decided to switch to a larger audit firm, it did so with the goal to engage a much larger audit firm to improve its standing before up-listing to a national exchange. Instead of being a bridge to greater institutional cache, the move to a top ten national audit firm proved to be overwhelming on multiple levels, particularly in terms of the unresolved discussions. After careful consideration, it became mutually apparent that after providing requested audit documentation and expending significant time, Mayer Hoffman McCann P.C. (“MHM”) was not going to be able to complete the audit w
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