Friday, September 14, 2007

Switching Technologies - Limited Review For The Quarter Ended June 30, 2007

Switching Technologies Gunther Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:

1. Despite total erosion of net worth of the Company, the accounts for the quarter have been prepared on the basis that the Company is a going concern.

2. The Company has not complied with the Accounting Standard AS 15 - Employee Benefits (Revised).

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