eFuture Information Tech (EFUT) Sees Accounting Adjustments
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eFuture Information Technology Inc. (Nasdaq: EFUT) announced that eFuture will likely need to make an accounting adjustment to its unaudited earnings reports for quarters ended March 31, June 30, September 30 and December 31, 2008 and March 31, 2009 and that those reports should no longer be relied upon.
Since eFuture is currently in the process of assessing the anticipated adjustments, the Company has not determined the extent of the correction.
The Company remains on track to continue the growth momentum and reaffirms our recent upward revision of 2009 revenue guidance of USD28 million to USD29 million, representing annual revenue growth of 38% to 40%.
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