| Monday, February 25, 2008 |
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Digifonica Announces Change of Auditor At the request of the Company, BDO resigned as the auditor of the Company effective today. CJW, located in Burnaby, will perform the audit of the Company's annual financial statements for the year ended December 31, 2007. CJW has been the auditor of the Company’s operating subsidiaries for a number of years. BDO was the auditor of the Company as a Capital Pool Company. Accordingly, the change in auditors for the Company is expected to reduce the time and resources that would otherwise be spent by the Company's management in respect of the audit and review services performed by CJW. There have been no reservations contained in BDO’s reports on any of the Company's financial statements relating to the financial years ended December 31, 2005 and 2006 or any subsequent period, and there are no reportable events (as defined in National Instrument 51-102 (Section 4.11)) between the Company and BDO. The Company will be filing the required reporting package ABOUT DIGIFONICA Digifonica is a leading, global provider of advanced next generation Internet telephony, IMS, SMS, Managed Content Delivery and Multimedia services and solutions that enable partners to connect consumers with every major fixed, Voice over IP (“VoIP”), Mobile and Wireless carrier in the world. Digifonica’s advanced white-label managed delivery framework supports a multi-currency, multitiered billing platform, enabling partners to deliver advanced next generation solutions in the currency and rates and packages of their choice. Digifonica’s patent-pending VoIP framework and technologies ensure the highest possible quality of service (QoS) low cost international calling rates and ability to support short code dialing such as 411, E911, 999 and 112 emergency services. Delivering solutions through value-added partnerships enables Digifonica to focus resources on designing and building more advanced consumer-driven technologies, while freeing our partners to focus on their expertise in marketing and selling solutions to consumers. The Company currently delivers scalable, resilient Internet telephony solutions to clients worldwide, through their network operations and data centres in Canada, US and Europe For further information, please contact: This news release contains forward-looking statements that involve risks and uncertainties. Such forwardlooking statements or information are based on a number of assumptions which may prove to be incorrect. Although Digifonica believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on such forward-looking statements because Digifonica cannot give assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Digifonica and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and Digifonica does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The TSX Venture Exchange has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this release. |
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