T3 Motion, Inc. Appoints New Auditors and Announces Plans for the Future

BREA, CA--(Marketwired - Sep 29, 2016) - T3 Motion, Inc. (OTC PINK: TTTM), the global leader in the design and delivery of electric vehicles and tactical technology to the law enforcement, military, and security markets, announced the engagement of TAAD LLP as their new independent registered public accountant to complete the audits and reviews of all of outstanding financial statements, including those that were not completed under previous management for fiscal years 2012 through 2015. 

T3 Motion's new management team took over in August 2015 and will work conscientiously with TAAD LLP and the Company's legal and accounting advisors over the next four months to take all remaining actions necessary to become current in their SEC reporting obligations -- including completing the preparation, audits, and reviews of the Company's financial statements for the required periods so that the Company can file all of their outstanding SEC periodic reports as soon as each periodic report is completed during this period.

Additionally, the Company also plans to proactively take all necessary steps to meet the eligibility requirements for re-listing their common stock for trading on the NYSE MKT LLC exchange or another national exchange. The Company pledges to work diligently toward their goal of re-listing on a national exchange during 2017.

A new group of investors brought vitality and financial resources to the Company after the group acquired majority ownership of the Company's outstanding capital stock in November 2014. The proactive investment team firmly believes that the Company's operations and development is headed back in the right direction since August 2015, following the appointment of current T3 Motion Board members and engagement of Mr. Noel Cherowbrier as the Company's Chief Executive Officer ("CEO"). 

Mr. Cherowbrier, who previously served as our Vice President of Global Sales, was responsible for significant International growth for T3 Motion during his initial tenure with the Company from 2006 until the end of 2012. Since returning to the Company, Mr. Cherowbrier and the rest of the management team has continued to focus on making significant improvements in cost control and in boosting revenues. 

As the new CEO, Mr. Cherowbrier has constructed a sales network and established an experienced sales and marketing team to increase sales of tactical products to new and existing customers. The Company has also capitalized on its existing customer base by introducing new technology driven products to our law enforcement, security, and military customers. These new product offerings are expanding the Company's sales opportunities along with enabling the development of more applications and products for the law enforcement, security, and government markets.