ISV E-Speed has admitted that its financial statements for the
fiscal years ended 31 December, 1999 through 2006 and for the
fiscal quarter ended 31 March, 2007 should no longer be
The restatement relates to the firms previously disclosed
evaluation of its accounting policy with respect to certain
revenues and expenses related to a portion of the development
of related party software covered under the companys
joint services agreement (JSA) with Cantor Fitzgerald. The
decision was based on the recommendation of its management and
following discussions with its accountants Deloitte and
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