SHANGHAI, Oct. 21, 2016 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today
announced the appointment of Grant Thornton CPA LLP ("Grant Thornton") as the Company's independent
registered public accounting firm for the fiscal year ending
December 31, 2016.
Grant Thornton replaces Deloitte
Touche Tohmatsu CPA LLP ("DTT"), previously the independent auditor
for Acorn. The appointment of Grant
Thornton has been approved by the Audit Committee and the
Board of Directors of the Company.
The decision to change auditors was not the result of any
disagreement between the Company and DTT on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure. The appointment of Grant Thornton will allow the Company to
maintain a top quality auditor while achieving its objective of
reducing costs. Acorn would like to take this opportunity to
express its sincere gratitude to the DTT team for their services
rendered to the Company over the past years.
Safe Harbor
Statement
This news release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"estimates," "expects," "future," "going forward," "intends,"
"outlook," "plans," "target," "will," and similar statements. Such
statements are based on management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties, and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance, or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties, or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events, or otherwise, except as required by
law.
About Acorn International, Inc.
Acorn is a marketing and branding company in China with a proven track record of
developing, promoting and selling a diverse portfolio of
proprietary-branded products, as well as well-established and
promising new products from third parties. Its business is
currently comprised of two main divisions, its direct sales
platforms and its nationwide distribution network. For more
information visit www.acorninternationalir.com.
Contact:
Acorn International,
Inc.
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Compass Investor
Relations
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Ms. Naomi
Deng
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Ms. Elaine Ketchmere,
CFA
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Phone:
+86-21-5151-2944
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Phone:
+1-310-528-3031
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Email:
dengqi@chinadrtv.com
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Email: Eketchmere@compass-ir.com
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www.acorninternationalir.com
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www.compassinvestorrelations.com
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SOURCE Acorn International, Inc.