Advanced Deposition Technologies, Inc. Announce Ernst & Young, LLP Chosen as Financial Auditors and Advisors.Business/Technology Editors TAUNTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2000 Advanced Deposition Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADTC ADTC Armament Development Test Center ADTC Advanced Data Tools Corporation ADTC Apparel Training and Design Centre (India) ADTC Advance Data Transfer Cartridge ADTC Advanced Data Transfer Cartridge ) (BSI BSI - British Standards Institute : DTI Diffusion tensor imaging (DTI) A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ) d/b/a A.D.TECH announced today that Ernst & Young, LLP LLP - Lower Layer Protocol has been duly appointed by the Board of Directors after being recommended by the Audit Committee to serve as the Company's independent financial auditors and advisors. Form 8K being filed with the SEC states the decision to change auditors was by "mutual understanding" and that there are no adverse opinions or disagreements of accounting principles related to either prior or current accounting periods. Ernst and Young, has more than 77,000 professionals in over 133 countries and as one the "Big Five" accounting firms is considered to be a leader in a wide range of activities such as financial auditing, merger and acquisition due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , eCommerce strategies, international finance and tax planning. Advanced Deposition Technologies, Inc. is a technology and market leader for metallized thin films, coatings and components thereof. The Company has primary product divisions in markets for electronic capacitors, microwave food packaging and electronic packaging materials selling in over fifty countries along with subsidiaries in Spain and Malaysia. The Company owns or has licenses to more than 36 patents and 10 patents pending. On a selective basis the Company licenses its proprietary thin film technologies and patents to partners who can accelerate revenue and earnings growth of A.D.TECH's unique products and technologies on a global basis. To receive A.D. TECH's latest news and other corporate documents visit A.D. TECH's web site at www.adtc.net or www.adv-dep.com. Any forward-looking statements in this release are made pursuant to the "safe-harbor" provision of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological changes, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. |
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