ARI Selects Wipfli Ullrich Bertelson LLP as New Audit Firm.Business Editors/High-Tech Writers MILWAUKEE--(BUSINESS WIRE)--June 6, 2003 Move to New Firm Is Appropriate for Company's Size ARI ARI Acute respiratory infection, see there Network Services, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine ), a leading provider of electronic catalog-enabled business solutions that connect equipment manufacturers with their service and distribution networks, today announced that its Audit Committee has approved a change in independent auditors. Effective June 17, 2003, ARI will be audited by Wipfli Ullrich Bertelson LLP LLP - Lower Layer Protocol . Under the new engagement, Wipfli Ullrich Bertelson LLP will be responsible for ARI's independent public accounting functions beginning with the fourth quarter and the full fiscal year ending July 31, 2003. Ernst & Young LLP, which had audited ARI since the company went public in 1991, will turn over full auditing responsibilities to Wipfli after ARI files its Form 10-Q Form 10-Q See 10-Q. for the third quarter ended April 30, 2003. "With the recent momentous changes in the auditing industry and the new requirements of the Sarbanes-Oxley Act See SOX. , we determined that we could meet the expanded requirements and at the same time control our audit fees by choosing a quality firm that is more appropriate to the size of our Company," said Brian E. Dearing, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARI. "After a careful review of a number of auditing firms, we selected Wipfli because we believe their size and experience will provide us with a level of service that more closely matches our current auditing requirements. In addition, we made the change at this time so we would have the new audit firm in place in time for the launch of the new BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) Exchange, which we believe will be an appropriate trading forum for ARI Stock." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dearing, the decision to change auditing firms was made for financial reasons and was not made because of dissatisfaction with Ernst & Young's performance. "I would like to publicly acknowledge the many years of faithful service to ARI that Ernst & Young provided," Dearing continued. "They did a good job for us and we would not hesitate to engage them again when and if ARI's future growth merits an audit firm of their size and depth. We are parting on good terms." Dale E. Muehl, audit partner at Wipfli, who will serve as ARI's new engagement partner commented that Wipfli was looking forward to beginning the engagement. "We are delighted to have been selected by ARI as its new auditors. We believe we are a good fit and that our years of experience in acting as independent auditors for companies of a similar size to ARI will meet the current and future needs of the Company and serve its shareholders well." Wipfli Ullrich Bertelson LLP is a multi-disciplinary, regional public accounting and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm. Approximately 500 Wipfli partners, managers, consultants and staff work as trusted business advisors for their clients. Wipfli is affiliated with leading accounting firms throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the world via Moores Rowland International (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ), an association of independent accounting firms. For more information on Wipfli, visit their website www.wipfli.com. ARI is a leading provider of electronic catalog-enabled business solutions for sales, service and life-cycle product support in the manufactured equipment market. ARI currently provides approximately 80 parts catalogs (many of which contain multiple lines of equipment) for approximately 60 equipment manufacturers in the U.S. and Europe. More than 75,000 catalog subscriptions are provided through ARI to approximately 20,000 dealers and distributors in more than 100 countries in a dozen segments of the worldwide manufactured equipment market including outdoor power, recreation vehicle, floor maintenance, auto and truck parts aftermarket, power sports, marine and construction. The Company builds and supports a full suite of multi-media electronic catalog publishing and viewing software for the Web or CD and provides expert catalog publishing and consulting services. ARI e-Catalog systems support a variety of electronic pathways for parts orders, warranty claims and other transactions between manufacturers and their networks of sales and service points. In addition, ARI also provides a template-based dealer website service that makes it quick and easy for an equipment dealer to have a professional and attractive website. ARI currently operates three offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and one in Europe and has sales and service agents in Australia, England and France providing marketing and support of its products and services. Statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . The forward-looking statements can generally be identified by words such as "believes," "anticipates," "expects" or words of similar meaning. Forward-looking statements also include statements relating to the Company's future performance, such as future prospects, revenues, profits and cash flows. The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements. Such risks and uncertainties include those factors described under "Forward Looking Statements Disclosure" in Exhibit 99.1 of the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal year ended July 31, 2002 filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company's filings with the Securities and Exchange Commission. |
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