IRVINE, Calif., June 15 /PRNewswire-FirstCall/ -- DataLogic International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a provider of consulting services and communication solutions including VoIP, GPS based mobile asset tracking, and secured mobile communications, today announced the June 8, 2005 dismissal of Kabani & Company, Inc. as the Company's independent accountants. Kabani reported on the Company's financial statements for the years ended December 31, 2004 and 2003. Their opinion did not contain an adverse opinion or a disclaimer of opinion, and was not qualified as to uncertainty, audit scope, or accounting principles but was modified as to a going concern.
During the Company's most recent full fiscal years ended December 31, 2004 and 2003, there were no disagreements with Kabani on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Kabani, would have caused them to make reference to the subject matter of such disagreements in connection with their reports; and there were no reportable events, as listed in Item 304 (a)(1)(v) of Regulation S-K.
The Company has engaged Corbin & Company, LLP ("Corbin") to act as its independent auditors, effective June 9, 2005.
"We thank Kabani and Company for their services in recent years and also look forward to working with Corbin & Company," commented DataLogic International's Chairman and CEO, Keith C. Moore.
The Company filed a Form 8-K Current Report today with the Securities and Exchange Commission on this matter.
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company providing a wide range of consulting services and communication solutions such as VoIP, GPS based mobile asset tracking, and secured mobile communications. The company also provides Information Technology outsourcing and private label communication solutions. DataLogic's customers include U.S. and international governmental agencies as well as a variety of international commercial organizations. For more information about DataLogic International, please visit http://www.dlgi.com/.
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends, which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contain statements that are forward-looking, such as those relating to its anticipated working relationship with Corbin & Co. LLP. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
Contact Information:
Keith C. Moore, Chairman and CEO
DataLogic International, Inc.
949-260-0120, ext. 106
Sean Collins, Partner
CCG Investor Relations and Strategic Communications
310-231-8600, ext. 202
