SureBeam Corporation Appoints Peterson & Co., LLP as Independent Auditor
December 03 2003 - 8:00AM
PR Newswire (US)
SureBeam Corporation Appoints Peterson & Co., LLP as
Independent Auditor SAN DIEGO, Dec. 3 /PRNewswire-FirstCall/ --
SureBeam Corporation (Pink Sheets: SURE) today announced that its
Audit Committee has appointed Peterson & Co., LLP as SureBeam's
independent auditor. This appointment concludes a selection process
that was conducted by the Audit Committee following the Company's
dismissal of Deloitte & Touche LLP as its independent auditor
on August 21, 2003. Peterson & Co. will begin work immediately
on the Company's financial statements, including a review of the
financial statements for the quarters ended June 30, 2003, and
September 30, 2003. While the Company's Forms 10-Q for the quarters
ended June 30, 2003, and September 30, 2003 have not yet been filed
with the Securities and Exchange Commission, the Company intends to
file these Forms 10-Q once Peterson & Co. has completed its
review. "We are extremely pleased to be able to announce the
appointment of Peterson & Co. as our new auditor," said
Terrence J. Bruggeman, SureBeam's President and Chief Executive
Officer. "We look forward to working with the firm as we strive to
bring SureBeam back into compliance with the Securities and
Exchange Commission's rules and regulations." About Peterson &
Co., LLP Peterson & Co., LLP has been a respected firm in the
San Diego area since 1951. With the highly qualified and diverse
experience of their professional team, Peterson & Co., LLP
offers a broad range of services including tax consulting and
compliance, accounting services, assurance services, and business
consulting. Peterson & Co., LLP is a member of the AICPA
Division of Firms, the National Association of CPA Firms, an
association with offices throughout the United States, and Morison
International, an international group of professional accounting
firms that provide members' clients with the broad scope of
services required in today's rapidly expanding worldwide economy.
The firm is also a member of RAN ONE, a worldwide affiliation of
accountants who focus on management consulting and business
development. About SureBeam Headquartered in San Diego, California,
SureBeam Corporation is a leading provider of electron beam food
safety systems and services for the food industry. SureBeam's
technology significantly improves food quality, extends product
freshness, and provides disinfestation that helps to protect the
environment. The SureBeam patented system is based on proven
electron beam and x-ray technology that destroys harmful food-borne
bacteria much like thermal pasteurization does to milk. This
technology can also eliminate the need for toxic chemical fumigants
used in pest control that may be harmful to the earth's ozone
layer. Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this release which are not
historical facts, are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Examples of such forward-looking
statements include statements that do not relate strictly to
historical or current facts. These statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. These risks and uncertainties include the risks
associated with the Company's entry into new commercial food
markets that require the company to develop demand for its product,
its ability to access capital markets, the risk that purchase
orders placed with the Company will not result in sales, and other
risks described in the Company's Securities and Exchange Commission
filings. Investor Relations Contacts: Ann Jones and Donna Dolan for
SureBeam 858-795-6296 Public Relations Contact: Linda Seaton for
SureBeam 858-795-6297 Press Releases and other SureBeam information
are available on SureBeam Corporation's Web Site:
http://www.surebeam.com/ DATASOURCE: SureBeam Corporation CONTACT:
Investor Relations, Ann Jones and Donna Dolan, +1-858-795-6296, or
Public Relations, Linda Seaton, +1-858-795-6297, all for SureBeam
Web site: http://www.surebeam.com/
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