Aura Systems Engages Auditor.EL SEGUNDO, Calif. -- Aura Systems, Inc. (Pinks Sheets:AUSI AUSI Autonomous Undersea Systems Institute AUSI Associated Underwater Scuba Instructors (Queenscliff, Victoria, Australia) ) announced today that it has engaged Moore Stephens Wurth Frazer and Torbet, LLP LLP - Lower Layer Protocol ("MSWFT") as its auditors. With the engagement of MSWFT, the Company will be able to complete its required filings for the fiscal year ending February 28, 2005, and for the quarters ending May, August and November of 2005. Immediately thereafter, the company intends to complete its year-end financial statement for the fiscal year ending February 28, 2006. With the completion of the above tasks, it is the intent of the company to apply to be listed on the 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 Small Cap in place of its current pink sheet listing. Mel Gagerman, Aura's Chairman and CFO See Chief Financial Officer. , stated, "This is our first step in our commitment to provide accurate and timely information to all of our shareholders and investors in order to keep everyone aware of material developments as we proceed to develop a world class company." Aura Systems, Inc., a leader in electromagnetic systems, sells its patented under the hood under the hood - [hot-rodder talk] 1. The underlying implementation of a product (hardware, software, or idea). Implies that the implementation is not intuitively obvious from the appearance, but the speaker is about to enable the listener to grok it. AuraGen power generation system. More information about the AuraGen is available on the company's Website http://www.aurasystems.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: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Securities and Exchange Commission filings. |
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