Brief: Namaste Technologies Announces Auditor Resignation

Lifeist Wellness

05/03/2019 23:55

March 5 (Reuters) - Namaste Technologies Inc  N.V :
    * NAMASTE TECHNOLOGIES ANNOUNCES AUDITOR RESIGNATION AND
PROVIDES
CORPORATE UPDATE
    * PRICEWATERHOUSECOOPERS LLP WILL NO LONGER BE ACTING AS
CO'S
AUDITOR
    * AUDIT COMMITTEE AND BOARD HAVE ACCEPTED PWC'S RESIGNATION
AND
ARE IN ADVANCED DISCUSSIONS WITH POTENTIAL SUCCESSOR AUDITORS
    * UNDERTAKEN IN-DEPTH STRATEGIC REVIEW OF CURRENT AND FUTURE
OPERATIONS GLOBALLY
    * NAMASTE TECHNOLOGIES - EXAMINING ITS GLOBAL E-COMMERCE
ACTIVITIES TO ENSURE COMPLIANCE WITH VARIOUS LOCAL TAX AND OTHER
REQUIREMENTS
    * NAMASTE TECHNOLOGIES- DURING REVIEW PERIOD, CO TO SUSPEND
CERTAIN INITIATIVES THAT NO LONGER ALIGN WITH CO'S MISSION AND
STRATEGIC DIRECTION
    * NAMASTE TECHNOLOGIES -  HAS ALSO PROVIDED FORMAL WRITTEN
NOTICE
OF TERMINATION OF ITS AGREEMENT WITH ORH MARKETING LTD., IN
ACCORDANCE WITH ITS TERMS
    * NAMASTE TECHNOLOGIES - CO'S ANNUAL FINANCIAL STATEMENTS
DUE TO
BE FILED BY MARCH 31. CO BELIEVES IT IS UNLIKELY THAT IT WILL BE
ABLE TO MEET DEADLINE

Source text for Eikon:  ID:nCNWpFQ6da 
Further company coverage:  N.V 

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