Hammonds Industries, Inc. Announces Change in Auditors
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HOUSTON & KEMAH, Texas--(Business Wire)--
Hammonds Industries, Inc. (OTCBB:HMDI) today announced its Board
of Directors has selected GBH CPAs, PC ("GBH") to serve as the
Company's independent registered public accounting firm for the fiscal
year ended December 31, 2008. GBH replaces the Company's previous
independent registered accountants, GLO CPAs LLLP ("GLO").
We have had a very positive relationship with GLO, however, we
believe GBH offers our shareholders the best combination of cost and
quality and we look forward to working with their team.
The change was recommended by the Company's Audit Committee. The
Company and GLO did not have any disagreement on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedures which disagreement, if not resolved to
the satisfaction of GLO, would have caused it to make reference to the
subject matter of the disagreement in connection with its report on
the Company's consolidated financial statements.
About Hammonds Industries
Hammonds Industries, the premier provider of military aviation
fuel additive systems, is revolutionizing material handling and
airline towing systems with its Hammonds' ODV(R) - the omni
directional vehicle which easily tows heavy loads in any direction.
Hammonds Industries has designed and manufactured specialized
products, primarily for government, aviation and military customers
for over 25 years. Founded in 1982, the company has a long-standing
reputation for innovation. Hammonds' products include patented systems
for blending and injecting fuel additives, systems for blending water
treatment chemicals, as well as fuel handling products. Hammonds is a
subsidiary of American International Industries, Inc. (NasdaqCM:AMIN).
To view Hammonds's products and for additional information about
the company, please visit http://www.hammondscos.com,
http://www.hammondsodv.com, and http://www.waterchlorination.com.
For more information about HMDI, contact Rebekah Ruthstrom at
281-334-9479 or e-mail amin@americanii.com.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended that involve risks and uncertainties. All
statements other than statements of historical information provided
herein may be deemed to be forward-looking statements. Without
limiting the foregoing, the words "believes", "anticipates", "plans",
"expects" and similar expressions are intended to identify
forward-looking statements. Factors that could cause actual results to
differ materially from those that we may anticipate in each of our
segments reflected by our subsidiaries' operations include without
limitations, continued acceptance of our products and services,
continued growth in the energy sector, increased levels of
competition, the dependence upon adequate financing, third party
suppliers and the ability to hire and retain qualified management for
its operating subsidiaries, and the regulatory environment in the
segments in which we operate. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect
management's analysis, judgment, belief or expectation only as of the
date hereof.
Hammonds Industries, Inc., Kemah
Rebekah Ruthstrom, 281-334-9479
amin@americanii.com
Copyright Business Wire 2008
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