"They will appear on the proxy statement for ratification by the shareholders at the Annual Meeting of Shareholders later this year and will commence audit work immediately thereafter. They will render an opinion on the fiscal year ending March 31, 2000."
ENTIRE TEXT BELOW:
DCI Names Deloitte & Touche as Auditors
STRATFORD, Conn., May 14 /PRNewswire/ -- DCI Telecommunications, Inc.,
(OTC Bulletin Board: DCTC) announced today that its Board of Directors has
selected Deloitte & Touche LLP as the company's new auditors. Russell B. Hintz, Chief Financial Officer for DCI, said, "The recent
suspension of trading in DCI's stock his served to point out to the company
the need for broader financial acumen and advice, which Deloitte & Touche, as
a Big 5 firm, can provide."
The company will ensure that Deloitte & Touche will be deeply involved in
DCI's financial information.
Joseph J. Murphy, President and CEO of DCI stated, "We never again want to
be in a position where anything the company does is subject to question. It
has always been and always will be management's intent to run this company
according to the highest standards and grow intelligently for the benefit of
our stockholders."
DCI Telecommunications is a global provider of telecommunications
services, including long distance, prepaid phone cards and Internet services.
It has an extensive distribution network throughout North America, Europe and
the Far East. The company owns and operates switching facilities in Canada,
the United Kingdom, Spain and Denmark, with facilities planned for the United
States in the near future. Additional information can be obtained directly
from the company or its web site at dcic.com .
Safe Harbor Statement under the Private Securities Litigation Act of 1995:
the statements which are not historical facts contained in this press release
are forward-looking statements that involve certain risks and uncertainties
including but not limited to risks associated with the new uncertainty of
future financial results, additional financing requirements, development of
new products, regulatory approval processes, the impact of competitive
products or pricing, unpredictability of patent protection, technological
changes, the effect of economic conditions and other uncertainties detailed in
the company's filings with the Securities and Exchange Commission.
SOURCE DCI Telecommunications, Inc.
Web Site: dcic.com
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