MUNDELEIN, Ill., May 13 /PRNewswire-FirstCall/ -- Z Trim Holdings, Inc. (Amex: ZTM) announced today that its recently filed financial statements for the fiscal year ended December 31, 2007 contained a going concern qualification received from its independent registered public accounting firm, Blackman Kallick LLP. This announcement is being made to comply with Section 610 of the Amex company guide, which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification.
ABOUT Z TRIM(R)
Z Trim, http://www.ztrim.com, is a natural functional food ingredient made from the hulls of grain. Z Trim lowers calories from fats by up to 80% in many foods without negatively affecting taste or texture, and can substantially reduce harmful trans and saturated fats found in many foods. Z Trim has wide application in dairy products, dressings, dips, sauces, baked goods, processed meats, snack foods, cookies, pies, cakes, icings, brownies, bars, ice cream, milk shakes and many other foods.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward.looking
statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. These statements
involve a number of risks, uncertainties and other factors that could cause
actual results, performance or achievements of Z Trim Holdings to be
materially different from any future results, performance or achievements
expressed or implied by these forward.looking statements. Other factors,
which could materially affect such forward.looking statements, can be found
in our filings with the Securities and Exchange Commission at
http://www.sec.gov, including risk factors relating to material weaknesses
in internal control over financial reporting, our history of operating
losses, lack thus far of significant market acceptance of our products, the
fact that we may dilute existing shareholders through additional stock
issuances, and our reliance on our intellectual property. Investors,
potential investors and other readers are urged to consider these factors
carefully in evaluating the forward.looking statements and are cautioned
not to place undue reliance on such forward.looking statements. The
forward.looking statements made herein are only made as of the date of this
press release and we undertake no obligation to publicly update such
forward.looking statements to reflect subsequent events or circumstances.
Contact: Angela Strickland
|SOURCE Z Trim Holdings, Inc.|
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