Yak Communications (NASDAQ:YAKC)
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Yak Communications Inc. (NASDAQ:YAKC), a provider of
telecommunication services to residential and business customers,
announced today that the Audit Committee of its Board of Directors
agreed to engage Ernst & Young LLP as the Company's new independent
auditors effective October 28, 2005. Ernst & Young replaces Horwath
Orenstein LLP.
Ernst & Young is recognized as an industry leader in providing
accounting services to companies in the telecommunications and
technology sectors. The decision to change auditors was not the
result of any disagreement between the Company and Horwath Orenstein
on any matter of accounting principles, practices, financial
disclosure, or auditing procedure.
The Company has filed with the Securities and Exchange Commission
a Current Report on Form 8-K with regard to this change of its
independent auditors.
About Yak Communications Inc.
Yak Communications Inc. (the "Company") (NASDAQ:YAKC) is an
Integrated Communications Provider (ICP) offering a full array of
long distance (1+, toll free and dial-around), local lines, travel
cards, cellular long distance, data services, and voice services
(VoIP) to residential and small businesses in North America over high
speed internet access. Yak currently serves approximately 905,000
customers for its traditional telecom services. For more information,
visit http://www.yak.com.
Forward Looking Statements:
Statements contained in this news release, which are not strictly
historical are forward looking within the meaning of the safe harbor
clause of the Private Securities Litigation Reform Act of 1995. The
Company makes these statements based on information available to it
as of the date of this news release and assumes no responsibility to
update or revise such forward-looking statements.
Editors and investors are cautioned that forward-looking
statements invoke risk and uncertainties that may cause the Company's
actual results to differ materially from such forward-looking
statements.
Words such as "projects", "believe", "anticipates", "estimate",
"plans", "expect", "intends", and similar words and expressions are
intended to identify forward-looking statements and are based on our
current expectations, assumptions, and estimates about us and our
industry. In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances are forward-looking statements. Although the Company
believes that such forward-looking statements are reasonable, we
cannot assure you that such expectations will prove to be correct.
Our actual results could differ materially from those anticipated in
such forward-looking statements as a result of several factors, risks
and uncertainties. These factors, risks and uncertainties include,
without limitation, our ability to satisfactorily address any
material weaknesses in our internal financial controls, our success
in integrating the operations of any newly-acquired businesses, and
associated reduction in costs, the successful implementation of our
business plans including growth of existing product offerings,
strategic acquisitions and development of broadband telephony
products, the successful integration of new management team members,
continued and increased demand for our services, the successful
deployment of new equipment and realization of material savings there
from, competition from larger and/or more experienced
telecommunications providers, our ability to continue to develop our
markets, general economic conditions, changes in governmental
regulation, and other factors that may be more fully described in our
literature and periodic filings with the Securities and Exchange
Commission. You are urged to carefully review and consider these
disclosures, which describe certain factors that affect our business.
Yak Communications Inc. (NASDAQ:YAKC)