Amcomri Announces Resignation of Auditor
VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO: AMEN) (OTC: AMNNF) (Frankfurt: 25YO) announces that its auditor, Dale Matheson Carr-Hilton Labonte LLP (“DMCL”), has resigned effective as of August 31, 2022.
DMCL has advised that its resignation is a business decision of such firm and has confirmed that there are no reportable events (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)).
The matter is currently under review by Amcomri’s audit committee and discussions have been ongoing with a potential successor auditor to fill the vacancy. The Company is focused on engaging a successor auditor who has the experience and capability to support the Company’s growing international operations.
In accordance with NI 51-102, the Company intends to deliver a copy of a change of auditor notice (the “Notice”) to DMCL and upon receipt of DMCL’s written response confirming that it agrees with the statements set forth in the Notice, such Notice will be filed on SEDAR. As soon as a successor auditor has been appointed, Amcomri will file a further press release confirming such appointment and whether the successor auditor agrees with the statements in the Notice.
About Amcomri Entertainment Inc.
Amcomri Entertainment Inc. (NEO: AMEN) (Frankfurt: 25Y0) provides global distribution capabilities for independent movie, documentary and TV series producers as well as for its own in-house productions. With decades of experience across all key media platforms, Amcomri is rapidly becoming the go-to team for independent producers seeking the broadest possible audience for their productions. The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
For further information about Amcomri, see its disclosure documents on SEDAR at www.sedar.com or visit the company’s website at https://amcomrientertainmentinc.com/
For more information, please contact:
Larry Howard | Pierre Boucher |
Amcomri, Chief Financial Officer | MBC Capital Markets Advisors |
Email: larry.howard@amcomri.com | Email: pierre@maisonbrison.com |
Phone: +353-87-686-8255 | Phone: 1-514-731-0000 |
CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION:
This news release includes “forward‐looking information” as defined under applicable Canadian securities legislation. Forward‐looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action, and, in certain cases, can be identified by the use of words such as “potential”, “propose”, “aim”, “depend”, “seeks”, “plans”, “expects”, “is expected”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “can”, “could”, “should”, “shall”, “would”, “might” or “will”, or the negative forms of any of these words and other similar expressions. Forward‐looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, future demand for Amcomri’s business and risks related to the same, statements with respect to the Company’s auditor including the engagement and appointment of a successor auditor, the anticipated timing to complete and the Notice and associated materials pursuant to NI 51-102. Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward‐looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. The Company disclaims any intention or obligation to update or revise such forward‐looking information, whether as a result of new information, future events or otherwise, except as required by law.
Investors are cautioned that, trading in the securities of the Company should be considered highly speculative. For a more detailed discussion such risks and uncertainties, please see the section entitled “Risk Factors” in the Company’s annual information form dated for March 23, 2022, and available under the Company’s profile on SEDAR at www.sedar.com.
