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ARway.ai Appoints New Independent Auditor, Davidson & Company LLP

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ARway.ai, an AI-powered Augmented Reality Experience platform, has announced the appointment of Davidson & Company LLP as its new independent auditor, effective immediately. This change follows the resignation of the former auditor, Saturna Group Chartered Professional Accountants, at ARway's request. The company, traded as ARWYF on OTCQB, stated that there were no modifications of opinion in Saturna Group's reports on ARway's annual financial statements. Over the next month, ARway will complete the change of auditor process in accordance with National Instrument 51-102 Continuous Disclosure Obligations.

ARway.ai, una piattaforma di esperienza in Realtà Aumentata alimentata dall'Intelligenza Artificiale, ha annunciato la nomina di Davidson & Company LLP come nuovo revisore indipendente, con effetto immediato. Questo cambiamento segue le dimissioni del precedente revisore, Saturna Group Chartered Professional Accountants, su richiesta di ARway. L'azienda, quotata come ARWYF su OTCQB, ha dichiarato che non ci sono state modifiche nei rapporti di Saturna Group sulle dichiarazioni finanziarie annuali di ARway. Nel mese successivo, ARway completerà il processo di cambio del revisore in conformità con National Instrument 51-102 Continuous Disclosure Obligations.

ARway.ai, una plataforma de experiencia de Realidad Aumentada impulsada por Inteligencia Artificial, ha anunciado el nombramiento de Davidson & Company LLP como su nuevo auditor independiente, con efecto inmediato. Este cambio sigue a la renuncia del auditor anterior, Saturna Group Chartered Professional Accountants, a solicitud de ARway. La empresa, cotizada como ARWYF en OTCQB, declaró que no hubo modificaciones de opinión en los informes de Saturna Group sobre los estados financieros anuales de ARway. En el próximo mes, ARway completará el proceso de cambio de auditor de acuerdo con National Instrument 51-102 Continuous Disclosure Obligations.

ARway.ai는 인공지능 기반 증강 현실 경험 플랫폼으로, 즉시 발효되는 새로운 독립 감사인으로 Davidson & Company LLP의 지명을 발표했습니다. 이번 변화는 ARway의 요청에 따라 이전 감사인인 Saturna Group Chartered Professional Accountants의 사퇴에 따른 것입니다. OTCQB에 ARWYF로 거래되는 이 회사는 Saturna Group의 ARway 연간 재무 제무서에 대한 보고서에는 의견 변경이 없었다고 밝혔습니다. 다음 달, ARway는 National Instrument 51-102 Continuous Disclosure Obligations에 따라 감사인 변경 절차를 완료할 예정입니다.

ARway.ai, une plateforme d'expérience de réalité augmentée alimentée par l'intelligence artificielle, a annoncé la nomination de Davidson & Company LLP en tant que nouvel auditeur indépendant, prenant effet immédiatement. Ce changement fait suite à la démission de l'ancien auditeur, Saturna Group Chartered Professional Accountants, à la demande d'ARway. L'entreprise, cotée sous ARWYF sur OTCQB, a déclaré qu'il n'y avait eu aucune modification d'opinion dans les rapports de Saturna Group concernant les états financiers annuels d'ARway. Au cours du mois prochain, ARway terminera le processus de changement d'auditeur conformément à National Instrument 51-102 Continuous Disclosure Obligations.

ARway.ai, eine KI-gestützte Plattform für Augmented Reality-Erlebnisse, hat die Ernennung von Davidson & Company LLP als neuen unabhängigen Prüfer mit sofortiger Wirkung bekannt gegeben. Diese Änderung folgt auf den Rücktritt des früheren Prüfers, Saturna Group Chartered Professional Accountants, auf Anfrage von ARway. Das Unternehmen, das als ARWYF an OTCQB gehandelt wird, erklärte, dass es in den Berichten der Saturna Group zu den Jahresabschlüssen von ARway keine Meinungsänderungen gegeben habe. Im nächsten Monat wird ARway den Prozess des Prüfungswechsels gemäß National Instrument 51-102 Continuous Disclosure Obligations abschließen.

Positive
  • Appointment of a new independent auditor, potentially improving financial oversight
  • No modifications of opinion in previous auditor's reports, indicating clean financial statements
Negative
  • None.

TORONTO, ON / ACCESSWIRE / August 23, 2024 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision today announced that at the Company's request Davidson & Company LLP ("Davidson") has been appointed as the Company's new independent auditor effective immediately. Davidson's retention follows the resignation of the former auditor, Saturna Group Chartered Professional Accountants, at the Company's request.

There were no modifications of opinion contained in Saturna Group's reports on the Company's annual financial statements. Over the next month, ARway will complete the change of auditor process in accordance with the requirements of National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102").

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To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai

About ARway.ai
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification. ARway works seamlessly as a cross platform solution on iOS/ Android. ARway's technology is optimized for both mobile devices and AR glasses: Apple's Vision Pro, Magic Leap and Microsoft's HoloLens. ARway has unlimited use cases for augmenting physical spaces, making it a valuable tool for creators, brands and companies in various industries. The complete ARway platform includes: the Web Creator Studio, the ARwayKit Software Development Kit (SDK) and a mobile app for iOs and Android.

Nextech 3D.ai
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 50% stake. Nextech3D.ai is a Generative AI powered 3D modeling Company and leading provider of augmented reality ("AR") experience technologies and 3D model services. Nextech's AI-powered 3D modeling platform, "ARitize3D" has contracts with; AMZN, KSS, CB2, Genuine Parts & many others. To learn more about Nextech3D.ai, visit www.nextechar.com

For further information, please contact:

Investor Relations Contact
Julia Viola
investor.relations@arway.ai

ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. ARway.ai will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: ARway Corporation



View the original press release on accesswire.com

FAQ

Who is ARway.ai's new independent auditor as of August 23, 2024?

ARway.ai's new independent auditor, appointed on August 23, 2024, is Davidson & Company LLP.

Why did ARway.ai (ARWYF) change its independent auditor?

ARway.ai requested the change of auditor, leading to the resignation of the former auditor, Saturna Group Chartered Professional Accountants, and the appointment of Davidson & Company LLP.

Were there any issues with ARway.ai's (ARWYF) previous financial statements?

No, there were no modifications of opinion contained in Saturna Group's reports on ARway.ai's annual financial statements.

What regulatory requirements will ARway.ai (ARWYF) follow for the auditor change process?

ARway.ai will complete the change of auditor process in accordance with the requirements of National Instrument 51-102 Continuous Disclosure Obligations over the next month.

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