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Biotech / Medical : SABRATEK CORP (SBTK)

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To: Kevin Podsiadlik who wrote (465)12/3/1999 5:53:00 PM
From: RockyBalboa  Read Replies (1) of 487
 
Good morning, KPMG:


Friday December 3, 5:09 pm Eastern Time

Sabratek says KPMG questions financial statements

WASHINGTON, Dec 3 (Reuters) - Sabratek Corp. (NasdaqSC:SBTK - news) said on Friday that KPMG LLC, its independent auditor, has informed the medical technology firm that its financial statements for the last three fiscal years could no longer be relied upon.

KPMG also told the company that audit reports the accounting firm did on the financial statements for the fiscal years ending Dec. 31, 1998, 1997 and 1996 ''should not be relied upon'' either.

A Sabratek company spokesman was not immediately available for comment. The revelation came in a filing with the Securities and
Exchange Commission.


biz.yahoo.com

ALso, SBTK(E) describes itself as "NASDAQ:SBTK) here, which is wrong. Sabrateke "trades" in the Pink Sheets.
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