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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
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Friday, July 25, 2008
State of Oklahoma Encourages Chiropractors to Renew Online at http://www.ok.gov
Comtex
OKLAHOMA CITY, Jul 25, 2008 (BUSINESS WIRE) ----Renewing licenses is often a cumbersome paper intensive process and in its second year of online license renewals, the Oklahoma Board of Chiropractic Examiners (OBCE) reminds chiropractors that renewing online saves time, money, and consumption of paper. In fact, more than 300 sheets of paper, 300 envelopes, and 300 stamps have been spared in the first year of service, saving the board $4,000 and 120 employee hours. Chiropractic physicians can access the online renewal service at http://www.chirorenewal.ok.gov.
"Instead of having our Chiropractic professionals mail in their renewal forms, we take pride in providing them with the option of renewing online," said Beth Carter, Executive Director of OBCE. "We would like to encourage all Chiropractic professionals to renew online, because it is easy, secure and fast."
The online renewal service enables licensees to pay online with Visa, MasterCard and electronic check payments utilizing OK.gov's secure payment engine. Upon completing the renewal process and approval from the board, licensees can print their certificates, thus reducing mailing and printing costs for the state.
The online renewal service is a product of a partnership between the OBCE and OK.gov, Oklahoma's Official Web site managed by the eGovernment firm, NIC Inc. (NASDAQ: EGOV).
About the Oklahoma Board of Chiropractic Examiners
The board's mission is to regulate the qualification for licensure and examination of chiropractors, approve educational programs required for annual license renewal and to foster higher professional standards relative to the practice of Chiropractic in Oklahoma. Additional information is available at http://www.chiropracticboard.ok.gov.
About OK.gov
OK.gov (http://www.ok.gov) built and manages the official Web site for the state of Oklahoma and partners with state agencies to bring new government services online. OK.gov is managed by the Oklahoma Office of State Finance and eGovernment firm NIC Inc.
About NIC
NIC manages more eGovernment services than any provider in the world. The company helps government communicate more effectively with citizens and businesses by putting essential services online. NIC provides eGovernment solutions for 2,900 state and local agencies that serve more than 69 million people in the United States. Additional information is available at http://www.nicusa.com.
SOURCE: OK.gov
OBCE Beth Carter, 405-524-6223 Executive Director bcarter@chiro.state.ok.us or OK.gov Mark Mitchell, 405-524-3468 Ext. 120 General Manager mark.mitchell@www.ok.gov
Copyright Business Wire 2008
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