TORONTO, May 30, 2011 /CNW/ - Liuyang Fireworks Limited (TSXV: FWK) announces it will change its
fiscal year end to June 30 from the current fiscal year end of December
The change in year end has been made to better align Liuyang Fireworks'
financial reporting, tax planning, and business cycles with customers
The change takes effect immediately and therefore Liuyang Fireworks will
report transitional fiscal 2011 financial results for the six-month
period ending June 30, 2011. The first full fiscal period will be for
the twelve months ended June 30, 2012.
About Liuyang Fireworks Limited
Liuyang Fireworks Limited is a leading China-based manufacturer of
consumer fireworks that are distributed domestically and in more than
15 countries in North America, South America and Europe. The Company
has more than 16 years of experience in the fireworks industry and is a
supplier to the world's top five fireworks wholesalers and retailers.
Liuyang's ISO9001-certified manufacturing facilities are located in the
Liuyang area of Hunan, China where more than half of the world's
fireworks are produced.
The forward-looking information contained in this news release
represents the expectations of the Company as of the date of this news
release and, accordingly, is subject to change after such date. Readers
should not place undue importance on forward-looking information and
should not rely upon this information as of any other date. While the
Company may elect to, it does not undertake to update this information
at any particular time except as required in accordance with applicable
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Liuyang Fireworks Limited
For further information:
Chief Financial Officer
Liuyang Fireworks Limited
Tel : 416-613-0208 ext 206