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COM 0212.337 1996-1998
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COM 0212.337 1996-1998
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Last modified
6/2/2017 11:56:53 AM
Creation date
5/10/2008 7:46:40 PM
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Communications
Communications - Type
COM
Communications - Council Term
1996-1998
Communication
0212
Point
337
Author
Food Technology Service, Inc. ‎(formerly Vinicator, Inc.)‎
Communications - Referred To
Council
Comments
Presented: Council - 5/7/97
Communications - File Code
FND/CIP
Document Relationships
AGE COUNCIL 05/07/1997 1996-1998
(Related)
Path:
\Council Records\Agendas\1996-1998\Council
COM 0212.000 1996-1998
(Related)
Path:
\Council Records\Communications\1996-1998
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REPfl@T CP 3NALPEI~ENT CEBTITIED F'tA3r.IC ACCODNSANT3 <br /> So She ward Of Dize0tOra <br /> And EtOCkhOldera <br /> Food TeCh1ro10gY StFV1Ce, IaC- <br /> ME have audited the aecwopanying balance aheete OS TOpd Technology Cerviee, tne. <br /> :a 7fevslopment stage Campany> as of Decambar sl, 1988 and lass and 'Cho rslatsd <br /> atateeemia of oporationa, gtocahOlders~ eQaity and cash flows tOr each of the: <br /> throe years in the period ended Deoenber sl, 1999. those tinanoial atatarenta <br /> are the responsibility of the Company~a Hanageaant. Our responsibility is to <br /> axprege an opinion on these linancial atateHents basal! on our audits. <br /> Be eonduc.ed cur audits in accordance with gerx~rally aocepteA auditing <br /> standards. Thcae atanderda reguire that we plan and parlors th! audit to obtain <br /> raasonabie aaauranes about whether the financial statements are area of apterial <br /> miaststement. An audit inCladaa exanining, On a fast basis, evidence supporting <br /> the oncosts and discioau;ea in the financial statements. An audlt also <br /> includes A99eaairig th! accounting principles usa4 and aignitiasnt estimates mods <br /> by eanageaent, as well as avalwting the overall linaneial statameM <br /> preaantation. <br /> Xe believe that our audits provide a reasonable basis !or our opinion. <br /> In our opinion, the linanCiai atataeenta referred to lbove Fraean! lairly, in <br /> all eatorial respects, the financial position of 3ood Rtchnology sarviee, Inc. <br /> AB Of LeCmCDer 81., 1896 and 1885 and the results Of its Oparatl0np and its sash <br /> flows for cash of tl+e three years in the period ended Daeaeber Si, 1896, in <br /> cOnformitY with generally accepted sccaunting principles. <br /> The aeconpanying financial statements Nava been praparad assuming that the <br /> Company will Continue a8 a acing Concern. Aa diseaasad Ln Mote 9 t0 the <br /> rinanc iel atatementa, the Coapeny is in the davelepnant stags and has not <br /> received significant revenue and has incurred losses since inception. <br /> <br /> Accordingly,, there _i. s sub3tantial, dokbe_.gpout tae, Conpany!p,,,p~,litx.,S~.,aoq~nu„~. <br /> as <br /> a`sai~ng, concezn_.. kanageeen~'~'y plans in regard"t"o`"$;li~se Herrera are also <br /> ~es"c'ribed in Notc 9. the financial stateasnta do not include Adjustments that <br /> <br /> might reaAli from the OUta0ee of thin uncertainty. FOpd Technology SErvi0e, 2110. <br /> b0'd 9b89996808~ Ol 'ONI NCI tlI'1 B QOO,d WOL'd Wd6£:zT l.F,fi-9A-CR <br /> <br />
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