TCI Entertainment Announces Issuance of New Patent Leveraging Near Field Communication Technology
TCI Acquisition Company, Inc. Update to Shareholders on Auditor Status
July 24, 2024 – Plantation, FL – TCI Acquisition Company, Inc. dba TCI Entertainment Inc. is pleased to announce the engagement of MaloneBailey, LLP as its new independent auditor. This strategic move marks a significant step in TCI Entertainment’s commitment to providing financial transparency and ensuring the highest standards of compliance and integrity in its financial reporting.
On May 3, 2024, BF Borgers CPA PC, the Company’s former auditor, was the subject of an SEC Enforcement action. As result, Borgers was prohibited from practicing as an accountant and auditor before the SEC. TCI has taken swift action to terminate its prior agreement with Borgers and engaged MaloneBailey, LLP.
MaloneBailey, LLP, a Houston-based accounting firm, is a PCAOB member firm that is renowned for its expertise in delivering a full range of auditing and accounting services to public companies. With a proven track record of professionalism and a deep understanding of SEC regulations, MaloneBailey is well-positioned to support TCI Entertainment in its financial reporting and auditing needs.
Harry McMillan, President of TCI Entertainment, commented on this transition: “Our decision to engage MaloneBailey, LLP as our new auditor is a crucial step towards completing our audits in preparation for our future S-1 registration statement. This change comes after our former auditor, BF Borges, was fined and censured by the SEC. We are confident that MaloneBailey’ s extensive experience and commitment to excellence will provide us with the robust auditing services we require to move forward.”
About MaloneBailey, LLP
MaloneBailey, LLP is a full-service accounting firm headquartered in Houston, Texas, specializing in audit and assurance services for public companies. The firm is distinguished by its deep industry expertise, personalized service, and commitment to delivering high-quality financial reporting solutions. MaloneBailey is registered with the Public Company Accounting Oversight Board (PCAOB) and is recognized for its adherence to stringent regulatory standards.
For more information about TCI Entertainment and its latest developments, please visit our website at www.tcientertainment.com.
Contact:
Harry McMillan
President
TCI Entertainment
Phone: (817) 491-9733
Email: [email protected]