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News, Articles and Releases
Asconi Engages New Independent Auditors
THURSDAY JUNE 24, 2:36 PM ET
ORLANDO, Fla., June 24 /PRNewswire-FirstCall/ -- Asconi Corporation
(Amex: ACD), an Eastern European producer of wines and spirits,
today announced that on June 22, 2004, the Audit Committee of the
Board of Directors of the Company engaged the accounting firm of
Moore Stephens Lovelace, P.A. as its independent auditors for the
year ending December 31, 2004. The engagement is effective immediately
and will include that firm's review of the financial statements
to be included in the Company's Form 10-QSB for the quarter ended
March 31, 2004. Although there is no assurance, the Company presently
anticipates the filing of its Quarterly Report on Form 10-QSB for
the quarter ended March 31, 2004 to occur on or about June 30, 2004.
Moore Stephens Lovelace P.A. replaces Michaelson & Co., P.A., which audited Asconi's financial statements for the years ended December 31, 2002 and 2003. Michaelson's audit reports on the consolidated financial statements of the Company and subsidiaries as of and for the years ended December 31, 2003 and 2002, did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During Michaelson's engagement with the Company and through June 22, 2004 the Company did not have any disagreements with Michaelson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Michaelson, would have caused Michaelson to make a reference to the subject matter of the disagreements in connection with its reports.
The Company reported the change in auditors in a Form 8-K filed with the SEC on June 24, 2004. A copy of that filing is available at the SEC website at http://www.SEC.gov.
About Asconi Corporation
Asconi Corporation (Amex: ACD - News) is a producer and distributor of wines and spirits in Eastern Europe. For more information, please visit http://www.asconi.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports of documents the Company files periodically with the SEC.
Contact: Mr. Serguei Melnik,
Asconi Corporation Chief Operations Officer
Phone: 407 679-9463
Email: info@asconi.com
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