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Document Translation Company Exposes Unreported Revenues

LOS ANGELES, June 14, 2005 /PR Newswire/ – ASTA-USA (Audit Services Translation Assistance – www.ASTA-USA.com) reported today that in the process of performing the highly specialized translation of foreign financial and legal documents – for public corporations in support of Sarbanes-Oxley compliance and SEC filing requirements – their expert translators have been able to provide clients with unexpected additional benefits.

One particularly useful benefit that ASTA-USA Translation Services, Inc.’s corporate clients are receiving from their translation work is that once the documentation is presented in plain English, clauses involving performance criteria and options (representing potential unrecognized and previously unreported earnings and assets) are easily identified by revenue-recognition and audit team members.

Elucidating on this point, Mr. Alain J. Roy, president of ASTA-USA Translation Services, Inc. (Legal Translation Solutions’ parent company), explained, “I would hesitate to suggest that the management team of a foreign subsidiary operation of a US public company would intentionally keep such information from being reported, therefore, I prefer to use the word ‘overlooked’. But – intentional or unintentional – it is irrefutably true that nearly half the Sarbanes-Oxley rules require tracking text, not just numbers, and consequently, a clear understanding and the correct interpretation of foreign language terminology is critical to the absolute transparency and accuracy of both textual and numerical contents.”

The discovery of unreported, overlooked, and/or overstated earnings and assets is especially valuable in the current atmosphere where – driven by a host of recent corporate accounting scandals – government watchdog agencies are rigorously scrutinizing all corporate reporting, particularly that of large global corporations with worldwide interests.

Additionally, Mr. Roy told reporters, “In a great many cases, ASTA-USA diligence has enabled clients not only to fulfill the demanding internal control requirements under Sarbanes-Oxley and to identify and recover overseas revenues that were heretofore overlooked or hidden, but also to identify foreign operations not in compliance with other accounting or legal expectations.”

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ASTA-USA is the parent company of Legal Translation Solutions and is a highly specialized legal and financial document translation services company created specifically to aid companies with international operations to perfect and accelerate their audits processes, and thereby considerably enhance their continued compliance with stringent SEC requirements.

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http://www.translatingdocuments.com/

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Legal Translation Solutions is a division of ASTA-USA Translation Services, Inc., a Wyoming Corporation with its primary international and administrative offices located in Dallas, Texas. Legal Translation Solutions also has Document Translation Services operations offices in New York, NY, San Diego, CA, Alexandria, VA, Montreal, Canada and Henrietta, Texas. Our Lead Project Managers and our Certified Language Translators are located throughout the United States, Latin America, Europe, the Middle East, Africa and Asia. Legal Translation Solutions provide professional translation services to US-based and international public and privately held corporations, law firms, government and private entities. Legal Translation Solutions provide certified translations that are accurate, clear, culturally as well as politically sensitive to the social environment of the target audience. Legal Translation Solutions work in strategic partnerships with translation companies and individual accredited professional language translators worldwide to provide first-class document translation services. Legal Translation Solutions and its parent company, ASTA-USA, are Corporate Members of the American Translators Association and of the National Association of Judiciary Interpreters and Translators.

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