Less Mess Storage Inc. Announces Change of Auditor

Loading...
Loading...

Vancouver, BC / ACCESSWIRE / September 8, 2014 / Less Mess Storage Inc. ("Less Mess" or the "Company") (TSX VENTURE:LMS) announces that it has changed its auditor. Smythe Ratcliffe LLP (the "Former Auditor") has resigned effective September 2, 2014. The Directors of the Company have appointed BDO Sp. z o.o. (the "Successor Auditor"), headquartered in Warsaw and with offices in four other major cities in Poland, as auditor for the Company. The change in auditor has been approved by the Less Mess Audit Committee and Board of Directors. 

There were no reservations in the Former Auditor's reports in connection with any of its completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor's resignation. There are no "reportable events" between Less Mess and the Former Auditor as defined in National Instrument 51-102. 

BDO is the 5th largest accountancy firm globally, has offices throughout Poland, the Czech Republic and Canada, and is expected to provide the Company with a more efficient audit process than that possible using a Vancouver-based auditor.  Clarke Nakamoto, the Less Mess CFO, commented that "while we have received excellent service from Smythe Ratcliffe, we also see this transition to BDO as a significant positive step forward for the Company.  Not only should the audit process now be more efficient as BDO has offices in both Warsaw and Prague, but we also know that a great deal of the investment world is very familiar with and comfortable with the BDO name." 

The Company also announced that two officers of the Company surrendered an aggregate of 64,833 stock options of the Company (45,833 options exercisable at $1.40 and 19,000 options exercisable at $1.00). 

About the Company

Less Mess Storage Inc. owns and operates the largest self-storage chain in Central and Eastern Europe, with a portfolio of five stores, two in Warsaw (both freehold) and three in Prague (two freehold, one leasehold), offering over 180,000 square feet of net lettable area. Total revenues in 2013 were over $4 million and average store occupancy was approximately 80%. The Company plans to add additional stores and rentable space in Warsaw and Prague in the future. The Company's registered and records office is located in Vancouver, British Columbia, its operations head office is located in Warsaw, Poland, and it also has offices in Prague, Czech Republic. 

For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by telephone at 778.999.7030. 

ON BEHALF OF THE BOARD 

"Guy Pinsent"

Guy Pinsent, President and CEO

Less Mess Storage Inc. 
Peter Smith 
VP Corporate Development
Phone: (778) 999-7030

The Howard Group Inc. (Investor Relations)
Jeff Walker/Ariel Cobangbang
jeff@howardgroupinc.com
arial@howardgroupinc.com
Phone: (888) 221-0915 / (403) 221-0915

Loading...
Loading...

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. 

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; changes in prices for the Company's products and services; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties; and labour relations matters. 

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Except as required by law, the Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

SOURCE: Less Mess Storage Inc.  

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...