On 10/15/2009, Modavox Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Modavox Inc. said in Form 10-Q filed with Securities and Exchange Commission (SEC), “As of May 31, 2009, we had a cash balance of $371,980 and we used cash of $838,487 to fund our operating activities during the quarter. We do not believe that our current liquidity is adequate to fund our current operations and we will need to raise additional funds from the sale of shares of our common stock. Due to the sustained and substantial progress in the procurement of the necessary funding required to meet our operating and overall corporate expenditures, and the resolution of multiple cost intensive legacy legal related matters, we believe that we will have enough cash flow from operations and financing activities to support our business for the next twelve months. We have had substantive discussions with existing warrant holders and/or prospective financing sources, which leads us to believe that we will have the capital necessary to not only maintain current operations, but also to develop and implement a growth strategy in our core businesses and ensure a vigorous effort in protecting our intellectual property. That said, current market conditions for raising capital are difficult and volatile, and no assurances can be made that we will be successful in raising additional financing on terms that are acceptable to the Company or at all.”

On 07/15/2009, Modavox Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.