Energy News / Shareholders Foundation, Inc.

SOUND GLOBAL (OTCMKTS:SGXXF) Stockholder Investigation Concerning Possible Violations of Securities Laws

Via: ReleaseWire

Updated 7:15 AM CDT, Wed, March 25,2015

An investigation for investors in SOUND GLOBAL (OTCMKTS:SGXXF) shares over potential securities laws violations by SOUND GLOBAL was announced and OTCMKTS:SGXXF stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 03/25/2015 -- An investigation on behalf of investors of SOUND GLOBAL (OTCMKTS:SGXXF) shares over potential securities laws violations by SOUND GLOBAL and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of SOUND GLOBAL (OTCMKTS:SGXXF) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SOUND GLOBAL (OTCMKTS:SGXXF) concerning whether a series of statements by SOUND GLOBAL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

SOUND GLOBAL reported that its annual Total Revenue rose from approximately $427 million in 2012 to approximately $505 million in 2013 while its respective Net Income declined from $68.78 million in 2012 to $68.1 million in 2013.

On March 16, 2014, an article was published stating that Sound Global disclosed in a regulatory filing that the Company "may fail to file its 2014 annual report by the end of April, potentially contravening listing rules," and that Sound Global stated it "needs more time to prepare information required for auditors."

Shares of SOUND GLOBAL (OTCMKTS:SGXXF) closed on March 18, 2015 at $0.92 per share.

Those who purchased shares of SOUND GLOBAL (OTCMKTS:SGXXF) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/sound-global-otcmktssgxxf-stockholder-investigation-concerning-possible-violations-of-securities-laws-588286.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com