Carbon Green Inc. Announces Change of Auditor
June 02 2010 - 2:05PM
Marketwired Canada
Carbon Green Inc. (the "Company" or "Carbon Green") (OTCBB:CGNI), an innovative
tire recycling company, today announced that its board of directors approved the
dismissal, effective as of March 15, 2010, of PMB Helin Donovan, LLP ("PMB") as
the Company's independent principal accountant and it engaged the accounting
firm of BDO Limited ("BDO") as the Company's new independent principal
accountant. The decision to dismiss PMB and to appoint BDO was approved by the
Company's board of directors on March 15, 2010.
There were no reservations in the former auditor's reports for the two most
recently-completed fiscal years or for any period subsequent to the most
recently-completed period for which an audit report was issued and preceding the
date of PMB's dismissal. There were no reportable events between the Company and
PMB or between the Company and BDO.
About Carbon Green
Carbon Green Inc. is a world leading tire recycling company able to profitably
recycle 100% of used tires back into valuable end products which are able to be
employed in tire manufacturing. This revolutionary technology will change how
governments and industry handle the disposal of the over ten billion tires
stockpiled around the world.
From its commercial-scale plant in Cyprus, Carbon Green is converting the
by-products of tire pyrolysis into recovered steel, a #2 diesel equivalent oil
which can also be employed to generate green electricity, a nano-particle
compound known as Carbon Green(TM) (which is a European Union accredited and
tire industry-tested and accepted competitive substitute for commercial carbon
black) and a clean-burning gas that can be used to provide power to the
Company's processing plant and/or sold for carbon credits, leaving no waste and
a positive environmental contribution.
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