TORONTO, May 15 /PRNewswire/ -- Gloucester Credit Card Trust (the "Trust") today announced that it has filed a revised Auditors' Report to the Trustee of the Trust dated March 22, 2007 on SEDAR (http://www.sedar.com/). This action was taken in respect of PricewaterhouseCoopers LLP's audit of the statements of net assets of the Trust as at December 31, 2006 and the statements of operations and cash flows for the year then ended.
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The Revised Auditors' Report clarifies in the first and third paragraphs thereof that the comparative financial statements of the Trust for the year ended December 31, 2005 were audited by another firm of Chartered Accountants who expressed an opinion, without reservation, on those statements in their report dated March 31, 2006, as indicated in the last paragraph of the revised Auditors' Report.
No other information in the Trust's financial statements for the year ended December 31, 2006 has been revised.
Gloucester Credit Card Trust was established to purchase interests in credit card receivables and related assets from MBNA Canada Bank and its affiliates on an on-going basis.
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