AudiologyOnline Phone: 800-753-2160


Oticon Intent - April 2024

Sonus Corp. Retains Ernst & Young as New Auditing Firm

Share:

Portland, OR - Sonus Corp. (AMEX: SSN), the largest audiology-based retailer of hearing instruments in North America with 613 company-owned and franchised hearing centers, today announced that it has retained the services of Ernst & Young LLP as the Company's new independent auditors.

Brandon Dawson, Chairman and Chief Executive Officer of the Company, stated, "We felt it was in the best interest of our shareholders to select a big five auditing firm with the credentials of Ernst & Young. The accounting expertise they offer is recognized as among the best in the world. In addition, the wider range of services that Ernst & Young provides will facilitate any future efforts Sonus engages in with investment banking firms and the investment community as a whole."

Haywood Cochrane, a member of the audit committee for the Company, commented, "Ernst & Young is widely acknowledged for its ability to provide reliable accounting services that can expand along with its clients' growth. With Sonus experiencing rapid growth, having a firm such as Ernst & Young is central to the Company's plans for the future."

Ernst & Young replaces KPMG LLP as Sonus' independent auditing firm.

Sonus Corp. is the largest audiology-based retailer of hearing instruments in North America. Sonus' 613 company-owned and franchised hearing centers provide a full range of products and services to hearing impaired patients. The Company's vision is to become the premier network of hearing centers in North America. Sonus' strategy involves the consolidation of the industry through acquisition and licensing of quality hearing centers. To learn more about the Company, visit the Sonus website at www.sonus.com.

This news release contains forward looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sonus Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors with respect to Sonus Corp. include economic trends in Sonus Corp.'s market areas, the ability of Sonus Corp. to manage its growth and integrate new acquisitions into its network of hearing care clinics, the development of new or improved medical or surgical treatments for hearing loss or of technological advancements in hearing instruments, changes in the application or interpretation of applicable governmental laws and regulations, the ability of Sonus Corp. to complete additional acquisitions of hearing care clinics on terms favorable to Sonus Corp., the degree of consolidation in the hearing care industry, Sonus Corp.'s success in attracting and retaining qualified audiologists and staff to operate its hearing clinics, the ability of Sonus Corp. to attract audiology clinics as franchise licensees under the Sonus Network, product and professional liability claims brought against Sonus Corp. that exceed its insurance coverage, Sonus Corp.'s ability to collect accounts receivable in a timely manner, and the availability of and costs associated with potential sources of financing. Sonus Corp. disclaims any obligation to update any such factors or to publicly announce the results of any revision to the forward looking statements contained herein to reflect future events or developments.

Rexton Reach - April 2024

Our site uses cookies to improve your experience. By using our site, you agree to our Privacy Policy.