Carnegie International Hires New Accounting Firm to Audit its Financial Statements for 1997 and 1998.BALTIMORE--(BUSINESS WIRE)--Sept. 24, 1999-- Carnegie International The Carnegie International is the oldest North American exhibition of contemporary art from around the globe. It was first organized at the behest of industrialist and philanthropist Andrew Carnegie in 1896. Corporation (AMEX AMEX See: American Stock Exchange : CGY cGy centigray. ) said today that its Board of Directors has voted to terminate the company's relationship with Grant Thornton, LLP LLP - Lower Layer Protocol , its accounting firm since January 1998, and engaged the international firm Merdinger, Fruchter, Rosen & Corso, PC. Lowell Farkas, Carnegie's president, said Merdinger, Fruchter, Rosen & Corso was hired earlier this week, has begun work on auditing the company's financial statements for the fiscal 1997 and 1998, and will also audit Carnegie's financial statements for 1999. Merdinger, Fruchter, Rosen & Corso has offices throughout the United States and Europe, is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and has extensive experience auditing public companies and preparing SEC filings. Farkas also stated that the Securities and Exchange Commission will be notified of the decisions and actions taken by Carnegie's Board no later than Monday, September 27, in accordance with SEC regulations. Carnegie International Corporation (AMEX: CGY) is an Internet support and computer telephony holding company with specialization in telecommunications products, services and distribution, and in E-Commerce and EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. . This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. |
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