Saturday, January 22, 2005
Warning to File Quarterly Earnings Late Monday November 22, 6:10 pm ET
Source: Warning Management Services, Inc.
Warning to File Quarterly Earnings LateMonday November 22, 6:10 pm ET
Additive Revenues to Exceed $700,000 for the Quarter
LOS ANGELES, Nov. 22 /PRNewswire-FirstCall/ -- Warning Management Services, Inc. (OTC Bulletin Board: WNMI - News) announces today that it will be late in filing its third quarter September 30, 2004 earnings.
Due to the recent acquisition of ESI (Employment Systems, Inc.), whose revenues were originally consolidated with its parent company's financials (a much larger Private Corporation), ESI financials have taken longer than originally anticipated to construct. The ESI financials are required to satisfy our regulatory requirements prior to the filing. To satisfy the requirement Warning must complete the construction of the last two years of operating results for ESI.
"Though we are a little behind in finalizing our September 2004 quarterly financials, I feel the effort put in up front in satisfying the requirements will provide a significant benefit for WNMI in the future," said Brian Bonar, Warning's Chairman and CEO. "We anticipate filing the Quarterly report before December 3rd, 2004. The additional revenues produced by ESI, for its three week contribution to Warning's quarter to be reported, is anticipated to exceed $700,000." Bonar continued, "The company apologizes to our shareholders for this delay brought about by the integration of a substantial increase in our business, and trust that when the results are published they will meet or exceed or expectations."
ESI provides staffing services and business processing services to municipalities and small business.
About Warning Management Services, Inc.
Warning Management Services, Inc. (OTC Bulletin Board: WNMI - News) headquartered in Los Angeles, California, was founded in 1998 and is a full-service model and talent agency. The focus of Warning Management Services, Inc. is to develop and supply both male and female models, for a variety of assignments, including, but not limited to; fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of Television and Film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and Billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities.
Brian Bonar has been Chairman of Warning Management Services, Inc. since February, 2004 and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (OTC Bulletin Board: DRDF - News) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX - News), a leading visual marketing support firm located in Buena Park, California.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC. Contact:
Brian Bonar, Chief Executive Officer
Warning Management Services, Inc.
9440 Santa Monica Blvd., Suite 400
Beverly Hills, CA 90210
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