Artificial Life Announces Change of Auditors.Business Editors NEW YORK--(BUSINESS WIRE)--May 1, 2002 New York based Artificial Life, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ALIF - news), a leading provider of award winning intelligent software robot (bot (1) (roBOT) A program used on the Internet that performs a repetitive function such as posting a message to multiple newsgroups or searching for information or news. Bots are used to provide comparison shopping. Bots also keep a channel open on the Internet Relay Chat (IRC). ) and provider of leading edge life science technology, today announced that it will change its auditors. The company will assign Horwath Gelfond Hochstadt Pangburn, P.C. of Denver, a member of Horwath International, Hong Kong, as its new auditing firm. The company reported no disagreements with its former auditors, Wolf & Company, Boston, on matters of accounting principles or practices. "The switch of auditing companies was made because we are moving our global headquarters to Hong Kong. We thank Wolf & Company for their hard work and quality service to date," said Eberhard Schoeneburg, 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 Artificial Life. About Artificial Life Founded in 1994, Artificial Life, Inc. (OTC BB: ALIF - news) develops, markets, and supports intelligent, award winning and patent pending software robots and provides knowledge mining technology for life science applications and biotech solutions. The company offers a variety of unique product suites for web based applications such as self-help, self-service, consultative selling, e-CRM, e-Finance and Mobile Computing. Major customers of Artificial Life include, among others, Advance Bank, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Eagle Star, Liechtenstein Global Trust, MobilCom, Pioneer Investments, PricewaterhouseCoopers, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System and ZDF ZDF Zweites Deutsches Fernsehen ZDF Z-Firm Document Folder ZDF Zone Definition File . Detailed information about Artificial Life, Inc. and its products is available at www.artificial-life.com "Safe Harbor" Statement under 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 of 1995: Statements in this press release regarding Artificial Life, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the "Risk Factors" described in the Company's Annual Report or Forms 10-K and 10-Q for the most recently ended fiscal year and quarter. All information set forth in this press release is as of May, 1, 2002, and Artificial Life, Inc. undertakes no duty to update this information except as required by law. |
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