Omni Bio Pharmaceutical, Inc, located in Denver, CO and referred to Vibato from Hein & Associates, is a small company in terms of overall employee size but is still an accelerated filer and will be subjected to the 404(b) requirements in their coming year-end audit.  Because of their unusual business size relative to their nearly $300M market cap, Omni was faced with the challenge of finding the right Sarbanes-Oxley service provider who would understand the needs of a company with a large market cap and small overall employee size:

Vibato is pleased to announce yet another win of an accelerated filer who is looking to utilize the SOX Compliance Made Simple® software toolset to streamline their existing internal controls infrastructure and reduce the amount of time and cost associated with the maintenance of their Sarbanes-Oxley requirements.  Our new client, a 100+ year-old technology-based company out of Japan, has selected SOX Compliance Made Simple for its Microsoft-based ease of use that does not require their team members to install or learn a new application just to manage their Sarbanes-Oxley requirements.  We are delighted to welcome this new client to the Vibato family of products! 

Vibato is delighted to announce yet another win from the Green-tech community!  Vibato seems to be cornering the Green-tech market for Sarbanes-Oxley implementations which suits us just fine. Our new client is out of the Los Angeles area and specializes in proprietary starch-based, renewable plastics created from breakthrough technology.  This new client has engaged us to implement our SOX Basic® product, which is suited for smaller companies who want a robust internal control infrastructure that is tailored for their needs.

According to Open Congress.org, only 33% of visitors to the site support the H.R.4173 - Wall Street Reform and Consumer Protection Act of 2009 which includes the permanent reprieve of Section 404(b) for non-accelerated filers.  Again, non-accelerated filers have a market cap of less than $75M and have been granted a reprieve on Section 404(b) since SOX was adopted.  In November, 2009, the SEC announced that non-accelerated filers will have to comply with Section 404(b) by June 15, 2010 and H.R. 4173 was put through as an effort to permanently repeal the need for non-accelerated filers to have to comply.  Open Congress.org has some nice visual displays detailing the progress of the bill.

Vibato representatives will be taking meetings in Chicago, Illinois on January 14^th & 15^th at the Ritz-Carlton on 160 East Pearson Street at Water Tower Place.  Feel free to give us a call at (707) 477-0008 or (510) 910-1604.