MINNEAPOLIS, MN — (Marketwired) — 07/24/13 — (OTCQB: SOUL), “The Company,” a video and computer games company, today announced the engagement of Michael Hess as its financial reporting and internal control consultant. Mike is an independent owner-operator of a financial services firm providing contract financial reporting and internal control consulting services to public companies with Securities and Exchange Commission (SEC) reporting obligations.
Working closely with Soul and Vibe management, accounting staff, external auditors, and legal counsel, Mike will provide accounting, internal control compliance and financial reporting expertise to assist Soul and Vibe Interactive with the preparation of periodic financial statements to be filed with the SEC.
Mike has over 15 years of SEC accounting and financial reporting experience in both public accounting and in industry. His experience includes six years in public accounting, specializing in SEC audit and technical accounting at both local and national accounting firms. Mike has also held corporate controller positions at mid-sized companies engaging in managed transactions, including mergers and acquisitions.
“Bringing Mike on board as a consultant will strengthen our corporate disclosure controls and procedures as we grow and evolve as a public company. Strategically, his experience completing M&A transactions as a corporate controller will support Soul and Vibe-s objectives with respect to game acquisitions, or Pick-Ups, strategic partnerships, and other potential growth drivers,” stated Soul and Vibe-s CEO and President, Peter Anthony Chiodo (“Tony”).
Soul and Vibe Interactive Inc. (also Soul & Vibe Interactive Inc. on ) is a publisher of games and games-related content for consoles, mobile devices, and personal computers addressing a $56 billion market projected to grow to $82 billion by 2015. The Company specializes in the creation of original intellectual properties and has extensive experience licensing world-renowned brands from influential companies. Soul and Vibe has a license agreement with General Mills, and game development and publishing agreements for the Xbox 360® video game and entertainment system, Windows 8, Windows Live, and Windows Phone from Microsoft, and the PlayStation® 3 computer entertainment system and PlayStation® Vita (PS Vita) from Sony. Through partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts into engaging, highly accessible, and affordable games and entertainment experiences. .
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company-s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company-s estimates as of the date of the press release, and subsequent events and developments may cause the Company-s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company-s estimates of its future financial performance as of any date subsequent to the date of this press release.