Clariti Telecommunications International Ltd. Appoints New Accounting Firm.PHILADELPHIA--(BUSINESS WIRE)--Dec. 23, 1998--Clariti Telecommunications International Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLRI CLRI Central Leather Research Institute (India) ) ("Clariti") Wednesday announced it has selected PricewaterhouseCoopers LLP LLP - Lower Layer Protocol to become its independent accountants for the fiscal year ending June 30, 1999. Peter S. Pelullo, chairman and chief executive officer, stated, "With the recent acquisition of U.K.-based GlobalFirst Holdings, Ltd. and our plans to seek additional strategic acquisitions domestically and internationally, we believe it is essential to engage the services of a major international public accounting firm. "PricewaterhouseCoopers LLP has in-depth experience in the telecommunications sector and brings Clariti global expertise in accounting and tax-related issues." Clariti Telecommunications International Ltd., through its recent acquisition of GlobalFirst, provides diversified telecommunication services, including transatlantic fiber optic voice and data transmisssion, pre-paid mobile phones, pre-paid phone cards and call offices. The Company currently has 123 fully-owned and licensed public communications centers in England, France, Italy, Spain and Germany. Additionally, Clariti is currently developing the ClariCAST(tm) Digital Voice Paging System, the world's first low-cost high-speed digital voice paging system. The ClariCAST(tm) system combines a full-featured voice mail system with wireless voice pagers. This patented communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry uses FM subcarrier A secondary telecommunications channel that resides within the main channel (a carrier within a carrier). A type of multiplexing, the subcarrier is a modulated carrier signal at a lower frequency that is combined with the main carrier signal running at a higher frequency. frequencies, so it can be quickly and inexpensively installed in any city where FM radio towers exist. Clariti plans to market its voice paging service worldwide, including rapidly growing wireless telecom markets such as Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the U.S. More information on Clariti and the ClariCAST(tm) Digital Voice Paging System can be found on the World Wide Web at http://www.clariti.com. Special Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, changes in consumer demand for telecommunication products and various other factors beyond the Company's control. This includes such factors as described from time to time in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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