3sixty Secure Corp: 3 Sixty Postpones the Release of Fourth Quarter and Year Ended December 31, 2019 Financial Results

ALMONTE, Ontario, Aug. 31, 2020 (GLOBE NEWSWIRE) -- 3 Sixty Risk Solutions Ltd. ("3 Sixty" or the "Company") (CSE:SAFE) (OTCQB:SAYFF) (FSE: 62P2) announced today that the release of its financial results for the fourth quarter and fiscal year ended December 31, 2019 will be postponed. The Company is nearing completion of the necessary procedures to finalize the audit of the year-end financial statements in order to affect the necessary filings as previously indicated. 3 Sixty is assessing the accounting for the Company's acquisition of Total Cannabis Security Solutions (TCSS) in January 2019 and includes assessing the potential impact on the recoverability of intangible assets and goodwill in the interim financial statements, as well as assessing the accounting for transactions, post-acquisition in the TCSS business, prior to finalizing and filing the financial results for the fourth quarter and fiscal year ended December 31, 2019.Any changes that result from this ongoing assessment of the TCSS transaction will be amended and restated in the interim financial statements and related Management Discussion and Analysis as applicable, prior to finalizing filing financial results for the fourth quarter and fiscal year ended 2019."We have been putting all necessary resources to work on the outstanding matters pertaining to the TCSS related assessment," said Founder, Chairman, a.i., and CEO Thomas Gerstenecker. "We appreciate the frustration of our valued shareholders as it relates to filing and will make sure this is completed with utmost speed and accuracy. The 3 Sixty team has been working diligently to get the filing completed and they have been doing amazing work to bring it through to fruition. We will provide ...Full story available on Benzinga.com