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Metabolic Research, Inc. Announces CPA Firm Engagement

^{Published on 2010-05-17 05:05:28 - Market Wire}
 

LAS VEGAS--([ BUSINESS WIRE ])--Metabolic Research, Inc. (OTC: [ MTBR ]) announced the engagement of a prominent local CPA firm.

On April 1, 2010, Metabolic Research, Inc. engaged Swarts & Swarts, Certified Public Accountants of Las Vegas, Nevada, to assess its accounting system. On May 10, 2010, Metabolic Research, Inc. formally retained Swarts & Swarts to review and upgrade the Companya™s accounting systems, to review the companya™s most recent filings, and to reconcile all interim data and assist in preparing all relevant financial information for the Companya™s SEC filing requirements.

Metabolic Research, Inc. President and Chief Executive Officer Robert Bakker said, aWe are confident that Swarts and Swarts is well qualified to implement a new level of accounting system that will provide the day-to-day information we need for efficient operations. Equally important, along with developing the requisite internal controls as required by the SEC, they will assist us in preparing relevant and accurate financial reporting to bring our SEC filings current.a

For more information about Metabolic Research Inc. (OTC: [ MTBR ]) as a publicly trading company, see [ www.metabolicresearchinc.com ]. For more information about Metabolic Research Inc.a™s Stemulitea" Fitness Formula products, see [ www.stemulite.com ].

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.