Integrated Energy Solutions Discusses the Delay in Filing Its 10-K and 10-Q

NESCONSET, NY / ACCESSWIRE / June 26, 2015 / Integrated Energy Solutions, Inc. (OTC Markets: IENG) (the “Company” or “Integrated Energy” or “IES”) (www.Integrated-Energy.co), a fully integrated large and small format downstream oil marketer as well as waste oil collector, value-adding recycler and re-distributor, continues to work with its accountant and Independent Auditor on completing its Annual Report on Form 10K for the fiscal year that ended December 31, 2014.

Integrated Energy has been working on issues that have arisen during the audit of Patten Energy Enterprises, Inc., related to the fact that its wholly owned subsidiary has been a private company for twenty five years prior to being acquired by Integrated Energy in November 2014. By working closely with its accountant and the Independent Auditor, and Patten Energy Enterprises, Inc. on several issues related to Patten Energy Enterprises, Inc., Integrated Energy believes that it has finally reached a point where all the issues have been resolved.

“While we have had significant hurdles to overcome, I am confident that we are close to a final resolution of the task at hand and will be able to cross the finish line very shortly. We understand the frustration of all our shareholders and promise we are working diligently on everything needed,” said Ernest Remo, CEO of Integrated Energy.

Integrated Energy anticipates that the Independent Auditor will be able to complete its work and issue an Audit Opinion shortly, and the Company will be able to file the Annual Repot and Quarterly Report shortly.

ABOUT INTEGRATED ENERGY SOLUTIONS

Integrated Energy Solutions Inc., a publicly traded SEC reporting Company on OTC Markets Exchange under the symbol (IENG), is a fully integrated large and small format downstream oil marketer, as well as waste oil collector, value-adding recycler and re-distributor. Through its three wholly owned subsidiaries, Patten Energy Enterprises Inc., Atlantic Pacific LLC and AP Lubes Inc. the company seeks to expand the regional businesses of each to other states where respective Company subsidiaries operate to vertically integrate, cost-share and generate new revenues from within the existing Company “ecosystem.”

FORWARD LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact:

Integrated Energy Solutions, Inc.
Ernest Remo,
CEO
858-405-7168 

SOURCE: Integrated Energy Solutions, Inc.

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