SAN DIEGO, March 3, 2015 /PRNewswire/ -- Trucept Inc.
(OTC Pink: TREP) Trucept Inc. has paid all back taxes, penalties
and interest, and is current in its tax liabilities, the company
announced.
In September the company announced a significant obligation in
delinquent payroll taxes including accrued penalties. These amounts
were due to the US Treasury and represented collection of
employment taxes from its PEO employees.
Other companies that Trucept holds an ownership interest in
continue to experience tax liabilities. The company is developing
strategies to eliminate those obligations.
Trucept Inc. provides financial services to small and
medium-size businesses, relieving our clients from many of the
day-to-day tasks that negatively impact their core business
operations, such as payroll processing, human resources support,
workers' compensation insurance, safety programs, employee
benefits, and other administrative and aftermarket services
predominantly related to staffing -- staff leasing, temporary
staffing and co-employment. It not only provides core services but
a wide selection of employee and employer benefits and aftermarket
products.
Safe Harbor:
Statements in this press release that are not historical facts
are forward-looking statements, including statements regarding
future revenues and sales projections, plans for future financing,
the ability to meet operational milestones, marketing arrangements
and plans, and shipments to and regulatory approvals in
international markets. Such statements reflect management's current
views, are based on certain assumptions and involve risks and
uncertainties. Actual results, events, or performance may differ
materially from the above forward-looking statements due to a
number of important factors, and will be dependent upon a variety
of factors, including, but not limited to, our ability to obtain
additional financing that will allow us to continue our current and
future operations and whether demand for our products and services
in domestic and international markets will continue to expand. The
Company undertakes no obligation to publicly update these
forward-looking statements to reflect events or circumstances that
occur after the date hereof or to reflect any change in the
Company's expectations with regard to these forward-looking
statements or the occurrence of unanticipated events. Factors that
may impact the Company's success are more fully disclosed in the
Company's most recent public filings with the U.S. Securities and
Exchange Commission ("SEC"), including its annual report on Form
10-K for the year ended Sept. 30,
2007, and its subsequent filings with the SEC.
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SOURCE Trucept Inc.