CLEARWATER, Fla., June 1, 2006 (PRIMEZONE) -- Adrenaline Nation Entertainment, Inc., (Pink Sheets:ADNL) today announced that it has engaged New York City-based CPA firm Sherb & Company, LLP to complete ADNL's first quarter 2006 audits. The accounting firm specializes in small- and mid-size public companies, providing audits and reviews of compliance with the Securities and Exchange Commission (SEC) and the Sarbanes-Oxley Act. The CPA firm is registered with the Public Company Accounting Oversight Board (PCAOB) and the American Institute of Certified Public Accountants (AICPA).
Sherb & Company has commenced its audit of ADNL. Upon completion of the audits, the company will prepare and submit a registration statement to the SEC. Adrenaline Nation Entertainment's overall goals are to begin fully reporting to the SEC and to move the company to a major exchange.
"The completion of this audit process will allow Adrenaline Nation Entertainment, Inc. to submit a registration statement. Once approved by the SEC, Adrenaline Nation Entertainment will be able to start providing quarterly and annual financial reports to its shareholders. These steps enable management to evaluate future strategic paths for the company," said Keith Dressel, president and CEO of Adrenaline Nation Entertainment, Inc.
About Adrenaline Nation Entertainment, Inc.
Headquartered in Clearwater, Florida, the company trades under the ticker symbol ADNL on Pink Sheets. The company operates as an IPTV and broadband television network connecting viewers and advertisers to the tremendous purchasing power of the coveted age 18-49 demographic. Adrenaline Nation Entertainment's programming highlights the hottest cutting edge new music, independent films, extreme action, adventure and motor sports all with strong local community involvement and distributed to homes by IPTV, Digital Cable, WiFi and High Definition. Programming can be viewed on the company's highlight reel at www.brandedentertainment.tv/antv.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Adrenaline Nation Entertainment, Inc. (ADNL) may differ materially from these statements due to a number of factors. ADNL assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. The public should independently investigate and fully understand all risks before making investment decisions.
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