Ciscom Corp. Announces Change of Auditor
Ciscom Corp. (CSE: CISC, OTCQB: CISCF) has changed its auditor from SRCO Professional to McGovern Hurley LLP, effective June 12, 2024. The change was approved by the board of directors and the audit committee. The previous auditor, SRCO Professional , had no reservations, modified opinions, or reportable events related to its audits of the company. The necessary documents regarding the change have been reviewed and approved, and filed through SEDAR+.
- The change of auditors was approved by both the board of directors and the audit committee, indicating strong internal governance.
- There were no reservations, modified opinions, or reportable events from the former auditor, suggesting a clean financial history.
- A change in auditors can introduce uncertainties and may signal potential issues within the company that are not immediately apparent.
Toronto, Ontario--(Newsfile Corp. - June 18, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or the "Company"), which actively invests in, acquires, and manages companies within the Information and Communication Technology sector, announces that the Company has changed its auditors from SRCO Professional Corporation (the "Former Auditor") to McGovern Hurley LLP (the "Successor Auditor") effective June 12, 2024, until the next annual shareholder meeting of the Company.
The Company's board of directors and audit committee each approved the resignation of the Former Auditor and the appointment of McGovern Hurley LLP in place of the Former Auditor. There were no reservations, modified opinions or reportable events (as defined in National Instrument 51-102) in connection with the Former Auditor's audit of the Company, which occurred prior to their resignation as auditors of the Company.
In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed and approved by the Company's audit committee and the board of directors and have been filed through SEDAR+.
Please contact the Company for further information.
About Ciscom Corp.
Ciscom (CSE: CISC) (OTCQB: CISCF) actively invests in, acquires, and manages market leading companies within the Information and Communication Technology (ICT) sector, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group (PMG). For more information, visit www.CiscomCorp.com.
Contact Information:
Michel Pepin
President, CFO & Director
mpepin@ciscomcorp.com
+1 (416) 366-9727
@CiscomCorp
Cautionary Statement
This news release may contain certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding any future acquisitions by Ciscom and any results thereof, any future growth in shareholder value, the ability of Ciscom to optimize advertising spend, future expectations of growth and profits, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general commercial risks inherent to operating non-manufacturing businesses; the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities; the ability to identify ICT target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those businesses; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market volatility and capital market valuation; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; no previous public market for the shares; volatility of the market price for the Company's securities; audit risk; litigation risk and risk of future legal proceedings; reliance on key personnel; jurisdictional and regulatory risk; lack of operating cash flow; volatility; additional funding requirements; adverse general economic conditions; competition; conflicts of interest; the early stage of Ciscom's business; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. Ciscom has also assumed that no significant events occur outside of Ciscom's normal course of business.
Ciscom cautions that the foregoing list of factors is not exhaustive. In addition, although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on Ciscom's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ciscom has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213530
FAQ
Why did Ciscom Corp. change its auditor?
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What is the new auditor for Ciscom Corp.?
Did the former auditor of Ciscom Corp. have any reservations or reportable events?
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