NEW YORK and HANOI, Vietnam, July 13, 2015 (GLOBE NEWSWIRE) -- Myson Group, Inc. (OTC Markets:MYSN) announced today that the Company has engaged Dave Banerjee, CPA, (http://www.davebanerjee.com/) an independent accountancy and auditing firm registered with the Public Company Accounting Oversight Board (PCAOB), to conduct the required financial audits of the Company and its newly acquired majority-owned subsidiary Van Phuc Holding Building and Trading JSC. The auditors are scheduled to conduct a physical site audit of Van Phuc Holding in Vietnam during the last week of July 2015.
Established in 1987, the Company was a fully reporting company until it filed Form 15-12G to terminate its registration in July 2008. The Company plans to file a Form 10 registration statement with the U.S. Securities and Exchange Commission in August 2015 in order to resume its fully reporting status as soon as possible and upgrade its trading venue to a national exchange in the near future.
As a result of the recent acquisition of a majority interest in Van Phuc Holding Building and Trading JSC, the Company anticipates generating about $50 million in revenues and $10 million in net profits within the next twelve months. Moreover, the Company has a number of larger projects underway that are expected to provide several hundred million dollars in additional revenues and significant profits in the near and intermediate terms.
Son Duong, Chairman and CEO or Myson Group, stated: "The financial audits will allow us to file the Form 10 to update our reporting status with the U.S. Securities and Exchange Commission and prepare for the up-listing of our stock on the NASDAQ Stock Markets in the future." Son added: "As a fully reporting company we will have a stronger platform to raise capital and attract talents to implement our business plan and create value for our shareholders."
About Myson Group, Inc.
Myson Group, Inc., a Nevada corporation established in 1987, has been engaged in semiconductors, environmental services and, more recently, development of mineral properties in Southeast Asia. The company has acquired a majority interest in Van Phuc Holding Building and Trading JSC, a profitable operating Vietnam-based company, and will be launching a new business development program both in the U.S. and Southeast Asia aiming to create significant value for our shareholders and investors. Website: www.mysongroup.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.