IGC GROWTH SPURS SEARCH FOR NEW AUDITING FIRM
PLYMOUTH MEETING, Pa., Dec 17, 1999 /PRNewswire via COMTEX/ --
Interactive Gaming & Communications Corporation (Nasdaq: SBET) (IGC)
announced today that it has accepted the resignation of its former
auditing firm, Parente, Randoph, Orlando, Carrey and Associates, LLC.
The auditing firm cited IGC's recent growth in size and the downsizing
of the firm's SEC related work as the reason for the resignation.
IGC is currently interviewing several of the "Top 5" and other national
auditing firms for a new relationship. The company does not expect this
to cause a delay in their financial filings, or have any other adverse
effect. Parente, Randoph, Orlando, Carrey and Associates, LLC will be
working with the new accounting firm to complete IGC's year-end filings
in a timely manner.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the Company's products, increased
levels of competition for the Company, new products and technological
changes, the Company's dependence upon third party suppliers,
intellectual property rights, and other risks detailed from time to
time in the Company's periodic reports filed with the Securities &
Exchange Commission.
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