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Albany Molecular Research, Inc. Appoints KPMG LLP as Independent Auditor.


ALBANY, N.Y. -- Albany Molecular Research, 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
: AMRI AMRI Albany Molecular Research (stock symbol)
AMRI Advanced Magnetic Research Institute (Mocksville, NC)
AMRI Advanced Materials Research Institute
AMRI Adult Movie Review Index
) announced today that it has dismissed PricewaterhouseCoopers LLP LLP - Lower Layer Protocol  as its independent registered public accounting firm. Concurrently, the company announced that the Audit Committee of its Board of Directors has appointed KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 LLP as the company's independent registered public accounting firm for the fiscal year 2005. The appointment is effective immediately.

The company stated in a filing with the Securities and Exchange Commission that the replacement is not the result of any disagreements with PricewaterhouseCoopers on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if they had not been resolved to PricewaterhouseCoopers' satisfaction, would have caused it to make reference to the disagreements in its reports on the company's financial statements.

AMRI's Audit Committee reviewed and approved the recommendation to change independent registered public accounting firms, and the company retained KPMG after evaluating proposals from a number of auditing firms.

Albany Molecular Research, Inc. is a leading research, drug discovery, development and manufacturing company built on a chemistry platform of comprehensive and integrated technologies, resources and capabilities. The company conducts research and development with many leading pharmaceutical and biotechnology companies Top 100 Biotechnology Companies
The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies.
 and for its own internal discovery programs, and provides cGMP manufacturing of active pharmaceutical ingredients through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Organichem Corporation.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 24, 2005
Words:218
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