Acme United Corporation Announces Change in Auditors
FAIRFIELD, Conn., Apr 19, 2010 (BUSINESS WIRE) --Acme United Corporation (NYSE AMEX:ACU) announced today that it was informed by UHY LLP (UHY), the Company's independent registered public accounting firm, that their New England practice was acquired by Marcum LLP. UHY, which had been appointed as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2010, also informed the Company that, as a result of this transaction, it has resigned effective April 16, 2010.
UHY audited the Company's financial statements for the fiscal years ended December 31, 2009 and 2008. Their audit reports on our financial statements for those years did not contain any adverse or qualified opinion, and we had no disagreements with UHY as to any accounting, financial reporting or audit matters.
In conjunction with the resignation of UHY, the Company's audit committee appointed Marcum LLP as its successor independent registered public accounting firm on April 19, 2010. In appointing Marcum LLP the Company's audit committee considered the fact that the engagement team that audited the Company's financial statements for the years ended December 31, 2009 and 2008 as part of UHY will continue to provide audit services to the Company as part of Marcum LLP.
ACME UNITED CORPORATION is an innovative supplier of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott(R), Clauss(R), Camillus(R) and PhysiciansCare (R).
Forward-looking statements in this report, including without limitation, statements related to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company's plans and results of operations will be affected by the Company's ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Acme United Corporation
Acme United Corporation
Paul G. Driscoll, 203-254-6060
Fax: 203-254-6521