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©2000-2010 Intelligent Systems |
FOR IMMEDIATE RELEASE For further
information, call INTELLIGENT
SYSTEMS CONFIRMS DISMISSAL OF ANDERSEN AS
AUDITOR Norcross,
GA – May 13, 2002 –
Intelligent Systems Corporation [AMEX:INS;
www.intelsys.com] announced today it has
dismissed Arthur Andersen LLP as the company’s
independent auditor effective immediately.
The company expects to name a successor
auditor within 30 days.
Bonnie
Herron, Chief Financial Officer and Vice
President, said “For almost twenty years,
Andersen has provided us with exceptional
service and dedicated professionals of the
highest caliber.
It is with regret that, given the ongoing
turmoil and uncertainty surrounding Andersen,
the board of directors has determined that the
company and its shareholders are best served by
selecting another audit firm.” The
company is presently evaluating proposals from
other audit firms and expects to select and
announce a new independent auditor by mid-June
2002.
The company intends to file today a Form
8-K with the Securities and Exchange Commission
regarding the dismissal of Andersen. About
Intelligent Systems Corporation
For
more than twenty-five years, Intelligent Systems
Corporation [AMEX: INS] has identified, created,
operated and grown early stage technology
companies.
The company has operations and
investments, principally in the information
technology industry.
The company’s consolidated subsidiaries
in 2002 include VISaer, QS Technologies, Delos
Payment Systems (all software companies) and
ChemFree (industrial products).
Since 1990, the company has operated the
Intelligent Systems Incubator, an award-winning
pioneer in privately sponsored incubators.
Further information is available on the
company’s website at www.intelsys.com,
or by calling the company’s headquarters at
770/381-2900.
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