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TEK
DigiTel Corporation Announces the Engagement of Grant Thornton, LLP
GERMANTOWN, MD - June 8, 2000
TEK DigiTel Corporation, (TEKI:
EQS) announced today that it has retained the public accounting firm of Grant
Thornton, LLP as its new independent auditors. “We are pleased to have engaged Grant Thornton to audit our
December 31, 1999 and 1998 financial statements as well as our quarterly
statements to date. These financial
statements will be included in a SEC Form 10-SB filing we are working to
complete. We anticipate filing the
10-SB later this summer,” said Enghe Chimood, CEO of TEK DigiTel, “Grant
Thornton brings to us the depth and breadth of an international public
accounting firm experienced in serving public technology companies like TEK
DigiTel.”
Effective April 20, 2000, TEK’s common stock began
trading on the National Quotation Bureau’s Electronic Quotation Service (EQS)
or “Pink Sheets” under the symbol of “TEKI”.
TEK DigiTel will remain listed on the EQS until the Form 10-SB has been
completed, filed with the Securities and Exchange Commission and the regulatory
process completed. At that time TEK
DigiTel will be able to reestablish its listing on the National Association of
Securities Dealers Over the Counter Bulletin Board (OTCBB).
Although no longer listed on the OTC BB, the following
market makers have continued to make a market in TEK’s common stock on the
Pink Sheets: FRAN, HILL, HRZG, MHMY, NITE, PRGM, SHRP and WDCO.
Quotations of TEK’s stock may be obtained from brokers or from various
websites such as www.quicken.com, www.cnbc.com,
www.dljdirect.com, and www.pcquote.com.
TEK’s investor relations department at 1-888-393-4979 (or at
416-323-3888 for callers outside the U.S. and Canada) can also provide quotes
from these sources.
About
TEK DigiTel Corporation (http://www.tekdigitel.com)
Based in Germantown, Maryland, TEK DigiTel Corporation
delivers integrated CPE (Customer Premise Equipment) communications solutions
optimized for use in SOHO, small- and medium-sized businesses.
Working with Service Providers and OEM partners, the Company is focused
on integrating fax- and Voice-over-IP (VoIP) technologies with conventional PBX
systems and data routing devices to create a low- cost, easy-to-use Internet
communications hub. Founded in 1998, TEK DigiTel is headed by a management team
with extensive related experience gained at leading manufacturers and service
providers including Motorola, 3Com, IBM, Nortel Networks, Rockwell, Hughes, MCI
Worldcom, Bell Atlantic, Bell Canada, BellSouth and GTE.
With executive offices in New York and Chicago, Grant
Thornton is a 75-year-old global accounting and consulting firm that helps the
owners and senior management of middle-market, entrepreneurial companies create,
enhance, and preserve wealth. It is the U.S. member firm of Grant Thornton
International, a worldwide professional services organization with $1.6 billion
in revenues and 600 offices in 100 countries.
Through its e*tech practice, Grant Thornton provides professional services to
Internet, software and technology-services businesses ranging from start-ups to
multibillion dollar companies.