Natural Health Trends Announces Change of Auditor
March 14 2017 - 09:30AM
Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling
and e-commerce company that markets premium quality personal care,
wellness and ”quality of life“ products under the NHT Global brand,
today announced the appointment of Marcum LLP (“Marcum”) as its
independent registered public accounting firm.
Marcum, one of the largest independent public
accounting firms in the U.S., will replace Lane Gorman Trubitt, LLC
(“Lane Gorman”), as the Company's independent auditor for the
fiscal year ending December 31, 2017. Marcum’s China and SEC
Practice Groups both provide middle market clients with
unparalleled expertise, resources and credibility. The Audit
Committee approved the appointment of Marcum and notes that the
decision to change principal accountants was not the result of any
disagreement between the Company and Lane Gorman on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure.
“I would like to express our sincere appreciation
and gratitude on behalf of the Board of Directors and management
for Lane Gorman’s professional service throughout the years,”
commented Chris Sharng, President of Natural Health Trends Corp.
“We look forward to working with Marcum given the firm’s strong
reputation for audit and assurance, significant experience working
with publicly traded companies and international business
expertise. With their presence in the U.S. and China, we believe
Marcum is uniquely positioned to support our Company as we navigate
the complex international and domestic regulatory
environments.”
Marcum is expected to begin work immediately by
reviewing the Company’s financial results for the first quarter of
2017.
About Natural Health Trends
Corp.
Natural Health Trends Corp. (NASDAQ:NHTC) is an
international direct-selling and e-commerce company operating
through its subsidiaries throughout Asia, North America, and
Europe. The Company markets premium quality personal care
products under the NHT Global brand. Additional information
can be found on the Company’s website at
www.naturalhealthtrendscorp.com.
Forward-Looking Statements
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995 -- Forward-looking statements in this
press release do not constitute guarantees of future
performance. Such forward-looking statements are subject to
risks and uncertainties that could cause the Company’s actual
results to differ materially from those anticipated. Such
risks and uncertainties include the risks and uncertainties
detailed under the caption “Risk Factors” in Natural Health Trends
Corp.’s Annual Report on Form 10-K filed on March 10, 2017 with the
Securities and Exchange Commission. The Company assumes no
obligation to update any forward-looking information contained in
this press release or with respect to the announcements described
herein.
CONTACTS:
Company Contact:
Scott Davidson
Senior Vice President and Chief Financial Officer
Natural Health Trends Corp.
Tel: 310-541-0888
scott.davidson@nhtglobal.com
Investors:
ADDO Investor Relations
Tel: 310-829-5400
investor.relations@nhtglobal.com
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