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Barclays 24 | LSE:17PT | London | Medium Term Loan |
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RNS Number:2097L Xerox Corp 5 October 2001 For additional information contact: Leslie F. Varon Vice President, Investor Relations 203-968-3110 Leslie.Varon@usa.xerox.com Cynthia B. Johnston Manager, Investor Relations 203-968-3489 Cynthia.Johnston@usa.xerox.com 800 Long Ridge Road Stamford, Connecticut 06904 Fax (203) 968-3944 www.xerox.com/investor XEROX RETAINS PRICEWATERHOUSECOOPERS AS NEW ACCOUNTANTS STAMFORD, Conn., Oct. 5, 2001 - Xerox Corporation today announced that PricewaterhouseCoopers LLP has been named the company's independent accountants for the fiscal year ending December 31, 2001, replacing KPMG LLP. "KPMG and Xerox have had a long and important relationship," said Paul A. Allaire, Xerox chairman. "While Xerox appreciates their service on our behalf, the Board and its Audit Committee believe it is appropriate at this time to bring in new accountants. We fully expect a smooth and seamless transition to Pricewaterhousecoopers." Xerox today is filing a Form 8-K with the Securities and Exchange Commission detailing the change in the company's independent auditor. The Audit Committee and the Board of Directors approved this week the company's decision to change independent accountants. -XXX- For additional information about The Document Company Xerox, please visit our Worldwide Web site at www.xerox.com/investor. This release contains forward-looking statements and information relating to Xerox that are based on our beliefs as well as assumptions made by and information currently available to us. The words "anticipate," "believe," "estimate," "expect," "intend," "will" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Actual results could differ materially from those projected in such forward-looking statements. Information concerning certain factors that could cause actual results to differ materially is included in the company's Form 10-Q for the quarter ended June 30, 2001. XEROX(R), The Document Company(R) and the digital X(R) are trademarks of XEROX CORPORATION.
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