DiaSys Appoints Deloitte & Touche as Its Independent Public Accountants.Business Editors WATERBURY, Conn.--(BUSINESS WIRE)--Oct. 23, 2002 DiaSys Corporation (AMEX AMEX See: American Stock Exchange :DYX DYX Dyslexia ), a rapidly growing global healthcare diagnostics company, today announced that it has named Deloitte & Touche, one of the world's leading professional firms, as the Company's independent public accountants. Todd M. DeMatteo, DiaSys' President and 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. , said: "Honored last week as one of Connecticut's fastest growing technology companies, DiaSys is poised for significant domestic and international expansion. Although our present local auditors have capably met our corporate requirements thus far, DiaSys' anticipated global growth clearly mandated a step up to an international firm that could provide a multiplicity of diverse services. We look forward to working closely with the Deloitte & Touche organization." DiaSys Corporation designs, develops, manufactures and distributes proprietary medical laboratory equipment, consumables and test kits to healthcare laboratories worldwide. Headquartered in Waterbury, CT, the Company operates in Europe 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. based in Wokingham, England and in Pacific Asia through its strategic business partner located in Guangzhou, China. Deloitte & Touche, a renowned leading worldwide professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm, provides assurance and advisory, tax and management consulting services through 95,000 people in more than l40 countries. The firm is dedicated to helping its clients and its people excel. Known for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. The foregoing press release includes "forward looking statements" within the meaning of, and made pursuant to, the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company or events, or timing of events, relating to the Company to materially differ from those expressed or implied by such forward looking statements. DiaSys refers interested parties to its most recent Annual Report on form 10-KSB and other SEC filings for a complete description of, and discussions about, the Company. |
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