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The company said that its BPO service is initially targeted at US companies with subsidiaries operating in China, Vietnam, Thailand, Malaysia and Singapore as well as their Asian suppliers and contractors which are required to comply with Sarbanes-Oxley Act, USGAAP and Customs-Trade Partnership Against Terrorism (C-TPAT). 5% per annum, but the conversion rights to convert the balance due on the credit facility, in part or in whole, to common stock were withdrawn by Epsom with effect from 27thFebruary 2006 to avoid for CalciTech having to implement the complicated accounting under Black Scholes, required under USGAAP and IAS. ICOS will continue to report its financial statements for the fourth quarter 2006 and the full year 2006 according to USGAAP. |
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