Highpower International, Inc. Appoints Marcum Bernstein & Pinchuk as New Independent Registered Public Accounting Firm
07 October 2011 - 7:01AM
Marketwired
Highpower International, Inc. (NASDAQ: HPJ),
a developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium batteries and related products, today announced
that it has engaged Marcum Bernstein & Pinchuk (MarcumBP) as
the Company's new independent registered public accounting firm
replacing Highpower International's previous independent auditor,
Dominic K.F. Chan & Co.
The change in the independent registered public accounting firm
is effective as of September 30, 2011. There were no disagreements
between Highpower International and Dominic K.F. Chan & Co. on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures.
"We believe MarcumBP has the strong local resources and auditing
expertise required to ensure that our financial reports continue to
be prepared with the highest level of accuracy and integrity, and
they possess the scale required to accommodate our auditing needs
as we continue to mature as a larger public company," said Mr.
George Pan, Chairman & CEO of Highpower International. "At
Highpower, we are committed to providing our shareholders with the
highest level of transparency, financial reporting standards, and
corporate governance."
About Marcum Bernstein & Pinchuk LLP
Marcum Bernstein & Pinchuk (MarcumBP), a PCAOB-registered firm,
provides a full range of audit and assurance, tax and transaction
advisory services for clients in a variety of industries throughout
the world. With offices in New York, Beijing, Hong Kong, Guangzhou,
and Hangzhou, MarcumBP provides the expertise, cultural
understanding and support needed to efficiently serve and advise
our clients. MarcumBP currently provides services to over 30
clients in the China market.
About Marcum LLP Marcum LLP is one of the
largest independent public accounting and advisory services firms
in the nation. Ranked among the top 15 firms in the nation, Marcum
offers the resources of more than 1,100 professionals, including
more than 150 partners, in 23 offices throughout New York, New
Jersey, Massachusetts, Connecticut, Pennsylvania, California,
Florida, Grand Cayman, China and Hong Kong. The Firm's presence
runs deep with full service offices strategically located in major
business markets. Marcum is a member of the Marcum Group, the
gateway to a group of organizations that provide a variety of
professional services including accounting and advisory, technology
solutions, recruiting, and wealth management. These organizations
include Marcum LLP; MarcumStonefield, a division of Marcum LLP;
Marcum Technology LLC; MarcumBuchanan Associates LLC; Marcum Search
LLC; Marcum Financial Services LLC; Marcum Cronus Partners LLC; and
Marcum Bernstein and Pinchuk LLP.
About Highpower International, Inc.
Highpower International, Inc. develops, manufactures and markets
powerful, efficient, and environmental rechargeable nickel-metal
hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related
products for use in a variety of devices and equipment including
wireless communications, electronics, lighting, backup power,
electric tools, and transportation, etc. Highpower International's
products are distributed worldwide to markets in the Americas,
Europe, China, and Southeast Asia. For more information, visit
http://www.highpowertech.com
To be added to the Company's email distribution for future news
releases, please send your request to HPJ@finprofiles.com. Company
news can also be found at
http://www.highpowertech.com/InvestorNews.aspx?type=FinancialRelease
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995 that are not historical
facts. These statements can be identified by the use of
forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or
"anticipate" or the negative thereof or comparable terminology, and
include discussions of strategy, and statements about industry
trends and the Company's future performance, operations and
products. Such statements involve known and unknown risks,
uncertainties and other factors that could cause the Company's
actual results to differ materially from the results expressed or
implied by such statements. For a discussion of these and other
risks and uncertainties see "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's public filings with the SEC. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. The
Company has no obligation to update the forward-looking information
contained in this press release.
Highpower International, Inc. Vickie Hawes Corporate
Communications Manager Email Contact Financial Profiles, Inc.
Tricia Ross +1-916-939-7285 Email Contact
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