LOUISVILLE, Ky., Nov. 14, 2019 /PRNewswire/ -- On
November 6, 2019, Creative Realities,
Inc. (the "Company", "Creative Realities") (NASDAQ: CREX, CREXW)
engaged Deloitte & Touche LLP ("Deloitte", "Successor Auditor")
as the Company's new independent registered public accounting firm
to audit the Company's financial statements commencing fiscal year
2020, subject to Deloitte's completion of its customary client
acceptance procedures, which the Company expects to be completed
shortly. Concurrent with the decision to engage Deloitte as the
Company's independent registered public accounting firm, the
Company's Audit Committee and the Board of Directors dismissed
EisnerAmper LLP ("Eisner", "Former Auditor") as the Company's
independent registered public accounting firm in connection with
auditing the Company's financial statements commencing fiscal year
2020. The Company has authorized Eisner to respond fully to the
inquiries of the successor auditors.
"We are pleased to announce the engagement of Deloitte &
Touche LLP, a reputable name in the marketplace with a strong
practice in our local market, which will be an important part of
the Creative Realities story in the next stage of our growth. We
would like to thank EisnerAmper LLP for their expertise and
guidance in working with the Company over the previous five years,"
said Rick Mills, Chief Executive Officer of the Company.
Will Logan, Chief Financial
Officer of the Company added, "The Company's decision to change its
auditor was not the result of any disagreement between the Company
and EisnerAmper on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure. In exercising their fiduciary duties as directors of a
Nasdaq-listed company, the Audit Committee of the Board of
Directors of the Company approved the change in the auditors,
following a competitive request for proposal process with several
independent registered public accounting firms. We are excited to
work with Deloitte beginning in 2020."
About Creative Realities, Inc.
Creative Realities
helps clients use the latest omnichannel technologies to inspire
better customer experiences. Founded over 15 years ago, CRI
designs, develops and deploys consumer experiences for high-end
enterprise level networks, and is actively providing recurring SaaS
and support services for more than fifteen diverse vertical
markets, including but not limited to Automotive, Advertising
Networks, Apparel & Accessories, Convenience Stores,
Foodservice/QSR, Gaming, Theater, and Stadium Venues. The Company
acquired Allure Global Solutions, Inc. in November 2018, expanding the Company's operations
to five offices across North
America with active installations in more than 10
countries.
Cautionary Note on Forward-Looking Statements
This
press release contains certain statements that would be deemed
"forward-looking statements" under Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934
and includes, among other things, discussions of our business
strategies, future operations and capital resources. Words
such as "may," "likely," "anticipate," "expect" and "believe"
indicate forward-looking statements.
These forward-looking statements may reflect management's
present expectations and estimates regarding future expenses,
revenue and profitability, trends affecting our financial condition
and results of operations, operating efficiencies, revenue
opportunities, potential new markets, and the ability of the
Company to effectively compete in a highly competitive market.
Nevertheless, and despite the fact that management's expectations
and estimates are based on assumptions management believes to be
reasonable and data management believes to be reliable, the
Company's actual results, performance, or achievements are subject
to future risks and uncertainties, any of which could materially
affect the Company's actual performance. Risks and
uncertainties that could affect such performance include, but are
not limited to: the adequacy of funds for future operations;
future expenses, revenue and profitability; trends affecting
financial condition and results of operations; ability to convert
proposals into customer orders; the ability of customers to pay for
products and services; the impact of changing customer requirements
upon revenue recognition; customer cancellations; the availability
and terms of additional capital; ability to develop new products;
dependence on key suppliers, manufacturers and strategic partners;
industry trends and the competitive environment; the impact of the
Company's financial condition upon customer and prospective
customer relationships; and the impact of losing one or more senior
executives or failing to attract additional key personnel.
These and other risk factors are discussed in Company reports filed
with the Securities and Exchange Commission.
Given these uncertainties, and the fact that forward-looking
statements represent management's estimates and assumption as of
the date of this press release, you should not attribute undue
certainty to these forward-looking statements. We assume no
obligation to update any forward-looking statements publicly, or to
update the reasons why actual results could differ materially from
those anticipated in any forward-looking statements contained in
this press release, even if new information becomes available in
the future.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/creative-realities-inc-announces-change-of-auditor-300958852.html
SOURCE Creative Realities, Inc.