OSI Systems Appoints Independent Accountant
21 April 2006 - 9:00PM
Business Wire
OSI Systems, Inc. (Nasdaq:OSIS), today announced that its Audit
Committee had appointed Moss Adams LLP to be the company's
independent registered public accountants, effective April 20,
2006. OSI's Chairman and CEO, Mr. Deepak Chopra, stated, "We would
like to welcome Moss Adams as our independent accountants. The
appointment of Moss Adams was decided upon after our Audit
Committee carefully evaluated all submitted proposals, including
that of a 'big four' firm. Moss Adams fills our need for a quality
audit firm with a track record of exemplary service on reasonable
terms. The Committee also considered the fact that Moss Adams is
headquartered on the West Coast, making them a perfect geographic
fit, while still being able to provide the service we require
worldwide through their strong international relationships. We're
extremely pleased with the appointment." About OSI Systems, Inc.
OSI Systems Inc. is a Hawthorne, California based diversified
global developer, manufacturer and seller of security and
inspection systems, medical monitoring and anesthesia products, and
optoelectronic devices and value-added subsystems. The company has
more than 30 years of experience in electronics engineering and
manufacturing and maintains offices and production facilities
located in more than a dozen countries. OSI Systems implements a
strategy of expansion by leveraging its electronics and contract
manufacturing capabilities into selective end product markets
through organic growth and acquisitions. For more information on
OSI Systems Inc. or any of its subsidiary companies, visit
www.osi-systems.com. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such statements include information regarding
the company's expectations, goals or intentions about the future.
The actual results may differ materially from those described in or
implied by any forward-looking statement. Other important factors
are set forth in the Securities and Exchange Commission filings of
OSI Systems, Inc. All forward-looking statements speak only as of
the date made, and we undertake no obligation to update these
forward-looking statements.
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