ACCESSWIRE
26 Nov 2020, 23:01 GMT+10
TORONTO, ON / ACCESSWIRE / November 26, 2020 / StageZero Life Sciences Ltd. (TSX:SZLS) ('StageZero', or the 'Company') announces that it is restating its financial statements for the three and nine months ended September 30, 2020 (the 'Amended Financial Statements'), along with a corresponding restated management discussion and analysis (the 'Amended MD&A).
The restatement of the Amended Financial Statements and the Amended MD&A was made as the result of management and the auditor's review of the financial statements in support of the Company's previously announced short-form prospectus (the 'Prospectus') offering of units.
In connection with the Prospectus, the Company engaged its auditors to perform a review of the previously filed unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2020 (the 'Previously Filed Financial Statements'). During the auditor's review, the Company identified certain amendments to the Previously Filed Financial Statements including:
September 30, 2020
September 30, 2019
There was no impact on the Company's assets; and its liabilities were reduced by $2,210,180, and its loss declined by $2,295,334.
As previously announced, the Company has engaged an independent national accounting firm to enhance its internal accounting capacity, which the Company will retain on an ongoing basis as it prepares for its year-end audit.'
About StageZero Life Sciences Ltd.
StageZero Life Sciences is dedicated to the early detection of multiple disease states through whole blood. The Company operates a CAP accredited and CLIA certified high complexity reference laboratory based in Richmond, Virginia. A specialist in PCR testing for the early identification of cancer through blood, the Company is uniquely positioned to provide both COVID PCR testing (swab and saliva) and blood test analysis (antibody testing). The Company's full service, telehealth platform includes access to physicians and phlebotomist who can prescribe and draw samples for individuals and groups. As the Company provides COVID-19 testing during this pandemic, the Company continues making progress with its mission to eradicate late stage cancers through early detection. The Company's next generation test, Aristotle®, is a multi-cancer panel for simultaneously screening for 10 cancers from a single sample of blood with high sensitivity and specificity for each cancer. www.stagezerolifesciences.com
Forward-Looking Statements
This press release contains forward-looking statements identified by words such as 'expects', 'will' and similar expressions, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties that could cause the Company's actual events to differ materially from those projected herein. Investors should consult the Company's ongoing quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements, except as required by law.
Company Contacts
James R. Howard-Tripp
Chairman & CEO
jht@stagezerols.com
Tel: 1-855-420-7140 Ext. 1
Rebecca Greco
Investor Relations
rgreco@stagezerols.com
Tel: 1-855-420-7140 Ext. 1838
SOURCE: StageZero Life Sciences Ltd.
Get a daily dose of Canada Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.
More InformationHARARE - Zimbabwe's government held burials Wednesday for two Cabinet ministers and a former prison official who died from COVID-19. ...
On Friday, January 22, 2021, the Treaty on the Prohibition of Nuclear Weapons (TPNW) became international law for the 122 ...
Since September, the devastation wrought by the COVID-19 pandemic has deepened, infecting close to 100 million people, costing more than ...
The Russian vessel tapped to finish the controversial Nord Stream 2 gas pipeline has begun work in Danish waters just ...
President Joe Biden has issued an executive order that overturns a ban on transgender people serving in the U.S. military.In ...
NEW DELHI, India - India and China have agreed to push for an early disengagement of the frontline troops in ...
Two-time WNBA MVP Candace Parker is heading home, leaving the Los Angeles Sparks after 13 seasons to sign with the ...
The New York Yankees made a couple key free-agent signings official Wednesday, announcing that infielder DJ LeMahieu is returning to ...
The Detroit Lions officially announced Wednesday the hiring of former Los Angeles Chargers head coach Anthony Lynn as the team's ...
The Dallas Stars have faced all kinds of adversity during the early weeks of the NHL season. A couple of ...
After grinding out a road victory over the Minnesota Wild on Tuesday, the Los Angeles Kings look for two more ...
Shortly after the Seattle Seahawks on Wednesday issued a strong statement regarding the felony arrest of their now former offensive ...