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BFS Entertainment & Multimedia Limited Files Audited Restated 2005 and 2004 Financials and Unaudited Restated First Quarter 2006 Financials.

Publication: Business Wire
Publication Date: 17-FEB-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
RICHMOND HILL, Ontario -- BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) of Richmond Hill, Ontario announces that it has filed with Canadian provincial securities regulatory authorities its audited restated consolidated financial statements for the years ending May 7, 2005 and May 1, 2004 and the related restated management discussion and analysis reports. The Company has also filed its unaudited restated consolidated financial statements and related restated management discussion and analysis report for the thirteen weeks ended August 6, 2005. These restated filings occurred as a result of a review of the Company's continuous disclosure records by the Ontario Securities Commission.

The Company restated adjustments consist of an allowance for overstock exchanges and stock balancing by customers in accordance with Canadian GAAP under EIC 141 and Section...

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