2TheMartcom's President Magliarditi, Outside Auditor Quit
Irvine, California, March 29 (Bloomberg) -- 2TheMart.com, an Internet auction operator, said Dominic Magliarditi, its president, chief operating officer and chief financial officer has resigned, along with Grant Thornton LLP, its outside auditor.
2TheMart, based in Irvine, California, also said it agreed to buy GoToWorld.com Inc., an Internet Site that pays members to Web surf and shop, for an unspecified amount of stock.
The company said Ian Simpson, GoToWorld's chief executive, would become president, chief executive and co-chairman of 2TheMart.
With just two days remaining before the company's deadline to file its 1999 audited financial statements with the Securities and Exchange Commission, Corbin & Wertz, LLp was hired to replace Grant Thornton to conduct the audit.
The company said the resignations of Magliarditi and Grant Thornton weren't related.
Mar/29/2000 14:36
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