TORONTO, April 16 /CNW/ - OutdoorPartner Media Corporation (TSX-V: OPX.H) ("OutdoorPartner" or the "Company") announced today that Deloitte & Touche LLP, Chartered Accountants ("Deloitte") resigned as auditor of the Company and that Lipton Wiseman Altbaum & Partners LLP ("Lipton") has been appointed as the Company's successor auditor.
The resignation of Deloitte and the appointment of Lipton as the successor auditor have been approved by the Audit Committee and the Board of Directors of the Company.
There were no reservations in the former auditor's reports for the two most recently-completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the former auditor's resignation. There were no reportable events between the Company and Deloitte.
In accordance with National Instrument 51-102, OutdoorPartner has filed a Notice of Change of Auditor ("Notice") and has received a response letter from Deloitte, the former auditor, confirming their agreement with the information provided in the Notice. The Company has also received a response from Lipton, the successor auditor, confirming their agreement with the information provided in the Notice. The Notice and response letters have been filed on SEDAR.
The Company would like to thank Deloitte for their services.
This news release contains forward-looking statements regarding, among other things, OutdoorPartner's beliefs, plans, objectives, strategies, estimates, intentions and expectations. Such statements are based on a number of assumptions which may prove to be incorrect, involve certain risks and uncertainties that are difficult to predict and, accordingly, are not guarantees of future performance. The future results of the Company or developments may differ materially from those expressed in the forward-looking statements contained in this news release, due to, among other factors, OutdoorPartner's lack of operating profits, its dependence on key personnel, general economic conditions and other external events that may impact on customers' advertising spending, competition from other out-of-home advertisers and other media and government regulation seeking to limit or restrict OutdoorPartner's activities. More detailed information about these and other factors is included in OutdoorPartner's annual and interim financial statements and MD&A and other documents published or filed by, or on behalf of, OutdoorPartner from time to time with the Canadian securities regulatory authorities. Other than as required by law, OutdoorPartner undertakes no obligation to publicly update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE OUTDOORPARTNER MEDIA CORPORATION
For further information: For further information: Richard McGraw, Chief Executive Officer, OutdoorPartner Media Corporation, 78 Scollard Street, Toronto, Ontario, M5R 1G2, Canada, T: (416) 944-2700, F: (416) 352-5070