Change of Independent Auditors at Orsus Xelent
23 July 2010 - 6:05AM
Marketwired
Orsus Xelent Technologies, Inc. (NYSE Amex:
ORS)
, a designer and manufacturer of
award-winning mobile phones for the Asian market, reported today
that it has appointed Kabani & Company (Kabani) as the
Company's new independent auditor effective from July 15, 2010.
Kabani has replaced the Company's former independent auditor
Bernstein & Pinchuk LLP (B&P) which resigned as independent
auditor of Orsus Xelent effective from July 15, 2010.
The resignation of B&P and the appointment of Kabani as the
successor auditor have been approved by the Audit Committee of the
Company.
"We look forward to working with Kabani to serve the best
interests of our shareholders," stated Mr. Guoji Liu, CEO of Orsus
Xelent. He added that he wished to thank B&P for the services
it provided.
The audit report by B&P on the Company's consolidated
financial statements for each of the past fiscal years did not
contain an adverse opinion or disclaimer of opinion, and was not
qualified or modified as to uncertainty, audit scope or accounting
principles.
The Company and B&P have not had any disagreement on matters
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure for which disagreement
if not resolved to the satisfaction of B&P would have caused
B&P to make reference to the subject matter of the disagreement
in connection with its report. There were no reportable events
between the Company and B&P or between the Company and
Kabani.
About Orsus Xelent Technologies, Inc.
Incorporated in the State of Delaware and headquartered in
Beijing, China, Orsus Xelent Technologies, Inc. is an emerging
designer and manufacturer of award-winning mobile phones for the
Asian market, primarily the People's Republic of China ("PRC"). The
Company's business encompasses the design of mobile phones, related
digital circuits, and software development, and it is a recognized
pioneer in mobile phone integration technology. It introduced the
region's first wristwatch-style cellular phone, and it continues to
break new ground with state-of-the-art phones that include advanced
features such as fingerprint recognition and touch-screen displays.
The Company also is focused on developing and marketing, under its
Proxlink trademark, special application mobile phones for
specialized users in a wide variety of professions in business and
government. Since the Company's launch in 2004, it has established
"Orsus" as a popular brand and achieved a significant share of the
world's largest mobile phone market. It maintains more than 179
service call centers across the PRC, with additional offices in
Shanghai, Hong Kong, Shenzhen, and Tianjin. For more information,
please visit the Company's web site: www.orsus-xelent.com.
Information Regarding Forward-Looking
Statements
Except for historical information contained herein, the
statements in this Press Release are forward-looking statements
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause our actual results in future periods to differ materially
from forecasted results. These risks and uncertainties include,
among other things, product demand, market competition, and risks
inherent in our operations. These and other risks are described in
our filings with the Securities and Exchange Commission.
Contacts: PRC: Orsus Xelent Technologies, Inc. Guoji Liu
CEO Tel: 010-85653777 Fax: 010-85653666 US: Ken Donenfeld Tel:
212-425-5700 Fax: 646-381-9727
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