Business Services Industry
Security Asset Capital Corp. Terminates PKF
Business Wire, July 11, 2001
Business Editors
LAS VEGAS--(BUSINESS WIRE)--July 11, 2001
Security Asset Capital Corp. (OTCBB:SCYA) today announced that it had brought suit for a fee dispute in which SCYA believes there was gross overcharging of fees and terminated its auditors, PKF, Pannell Kerr Forster effective as of June 25, 2001.
Security Asset is presently interviewing several new auditing firms and expects to announce its new auditors soon.
This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in their company's reports filed with the Securities and Exchange Commission.
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