Sanix Announces Change of Independent Auditor.Tokyo, Japan, June 29, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - At the 28th ordinary general meeting of shareholders on June 29, 2006, Sanix Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4651) resolved an issue of appointment of its independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. . This issue was also approved by the Board of Corporate Auditors. 1. Reason for Appointing a New Independent Auditor The Company's independent auditor, ChuoAoyama PricewaterhouseCoopers, was ordered to suspend operations for two months from July 1, 2006 to August 31, 2006 by Financial Services Agency The Financial Services Agency is a Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. The agency reports to the Minister of Financial Services. . Due to their suspension of services on July 1, 2006, the auditing firm will resign as independent auditor for Sanix on that day. The auditing firm has conducted fair and reasonable auditing for Sanix. Moreover, the auditing firm has responded sincerely to the administrative penalty. We received explanations of their overall restructuring plan to prevent similar incidents in the future, and consider the auditing firm's familiarity with Sanix's business and the importance of continuity in auditing. As a result, the Company has decided that the auditing firm will continue to be qualified as our independent auditor. Consequently, at the 28th ordinary general meeting of shareholders on June 29, 2006, Sanix has resolved to reappoint Re`ap`point´ v. t. 1. To appoint again. reappoint vt → volver a nombrar reappoint vt (to job) → the auditing firm as Sanix's independent auditor on September 1, 2006, after their term of business cessation cessation Vox populi The stopping of a thing. See Smoking cessation. is completed. During the period of suspension of the firm's auditing business, the Board of Corporate Auditors considers appointing a temporary auditor pursuant to the provisions set forth in Article 346, paragraphs 4 and 6 of the Corporation Law in order to ensure continuous and reliable auditing operations. 2. Independent Auditor to Resign / Reappoint
Name: ChuoAoyama PricewaterhouseCoopers
Address: 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo, Japan
Date of Changes: Resignation / July 1, 2006
Reappointment / September 1, 2006 (scheduled date)
About Sanix Incorporated Sanix (TSE: 4651) is Japan's leading provider of sanitation sanitation: see plumbing; sanitary science. and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field. Source: Sanix Incorporated Contact: Kozo Inoue, Managing Director SANIX INCORPORATED URL: http://www.sanix.co.jp/index_e.htm Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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