AccelRate's Change of Auditors
22 Janeiro 2010 - 9:13PM
Marketwired
AccelRate Power Systems Inc. (the "Company") (TSX VENTURE:
AXP)(FRANKFURT: KCG) announces that the Board of Directors have
appointed Dale Mathesan Carr-Hilton LaBonte LLP (the "Successor
Auditors") as the auditors of the Company. Ernst & Young LLP
(the "Former Auditors") have resigned as auditors of the Company
effective January 15, 2010.
There have been no reservations in the Former Auditor's reports
on any of the Company's financial statements commencing at the
beginning of the two most recently completed financial years and
ending on the date of the Former Auditor's resignation. There are
no reportable events between the Company and the Former Auditors.
The resignation of the Former Auditor and the appointment of the
Successor Auditor of the Company were considered and approved by
the Audit Committee and the Board of Directors of the Company.
AccelRate Power Systems Inc. is headquartered in Vancouver, BC.
The Company's shares trade on the TSX Venture Exchange and on the
Frankfurt Exchange (symbol KCG).
Reimar Koch, President and CEO
This news release may contain forward-looking statements. These
statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management
discussion and analysis section of our interim and most recent
annual financial statements or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any
forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: AccelRate Power Systems Inc. Reimar Koch (604)
688-8656 (604) 688-8654 (FAX) info@accelrate.com
www.accelrate.com
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