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SOUND GLOBAL (OTCMKTS:SGXXF) Investor Investigation Over Potential Securities Laws Violations Announced

  • If you purchased shares of SOUND GLOBAL (OTCMKTS:SGXXF), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
SOUND GLOBAL LTD
Security
OTC: SGXXF

Summary

March 24, 2015 (Shareholders Foundation) - An investigation on behalf of investors of SOUND GLOBAL (OTCMKTS:SGXXF) shares over potential securities laws violations by SOUND GLOBAL and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SOUND GLOBAL (OTCMKTS:SGXXF) concerning whether a series of statements by SOUND GLOBAL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

SOUND GLOBAL reported that its annual Total Revenue rose from approximately $427 million in 2012 to approximately $505 million in 2013 while its respective Net Income declined from $68.78 million in 2012 to $68.1 million in 2013.

On March 16, 2014, an article was published stating that Sound Global disclosed in a regulatory filing that the Company may fail to file its 2014 annual report by the end of April, potentially contravening listing rules, and that Sound Global stated it needs more time to prepare information required for auditors.

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