Diedrich Coffee Names BDO Seidman New Auditor
October 28 2004 - 5:57PM
PR Newswire (US)
Diedrich Coffee Names BDO Seidman New Auditor IRVINE, Calif., Oct.
28 /PRNewswire-FirstCall/ -- Diedrich Coffee, Inc. (NASDAQ:DDRX)
today announced that the Audit Committee of its Board of Directors
has dismissed KPMG LLP as the Company's independent auditor, and
that it has engaged BDO Seidman, LLP effective immediately. After
the Company filed its Annual Report on Form 10-K for the fiscal
year ended June 30, 2004, the Audit Committee of the Board of
Directors interviewed several accounting firms in connection with
selecting the Company's independent auditor for the current fiscal
year. In this regard, the Company also met with KPMG LLP, which
served as the Company's independent auditor for a number of years.
As a result of this process, the Audit Committee selected the firm
of BDO Seidman, LLP to serve as the Company's independent auditor
for the fiscal year ending June 29, 2005. KPMG LLP issued
unqualified opinions in connection with Diedrich Coffee's financial
statements for fiscal years 2003 and 2004, and there were no
disagreements between the Company and KPMG LLP on any matter of
accounting principles or practices, financial disclosure or audit
procedures. About Diedrich Coffee With headquarters in Irvine,
California, Diedrich Coffee specializes in sourcing, roasting and
selling the world's highest quality coffees. The Company's three
brands are Gloria Jean's, Diedrich Coffee and Coffee People. The
Company's 494 retail outlets, the majority of which are franchised,
are located in 33 states and 13 foreign countries. Diedrich Coffee
also sells its coffees through more than 460 wholesale accounts,
including office coffee service distributors, restaurants and
specialty retailers, and via mail order and the Internet. For more
information about Diedrich Coffee, visit the Company's Web sites at
http://www.diedrich.com/, http://www.gloriajeans.com/, or
http://www.coffeepeople.com/. Forward Looking Statements Statements
in this news release that relate to future plans, financial results
or projections, events or performance are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and fall under the safe harbor. Actual results
and financial position could differ materially from those
anticipated in the forward-looking statements as a result of a
number of factors, including, but not limited to, the financial and
operating performance of the Company's retail operations, the
Company's ability to maintain profitability over time, the
successful execution of the Company's growth strategies,
franchisees adherence to the Company's practices, policies and
procedures, the impact of competition, the availability of working
capital, and other risks and uncertainties described in detail
under "Risk Factors and Trends Affecting Diedrich Coffee and its
Business" in the Company's annual report on Form 10-K/A for the
fiscal year ended June 30, 2004. For further information please
contact Martin Lynch, Chief Financial Officer of Diedrich Coffee,
Inc., +1-949-260-6734. DATASOURCE: Diedrich Coffee, Inc. CONTACT:
Martin Lynch, Chief Financial Officer of Diedrich Coffee, Inc.,
+1-949-260-6734 Web site: http://www.gloriajeans.com/ Web site:
http://www.coffeepeople.com/ Web site: http://www.diedrich.com/
Copyright
Diedrich Coffee (MM) (NASDAQ:DDRX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Diedrich Coffee (MM) (NASDAQ:DDRX)
Historical Stock Chart
From Jul 2023 to Jul 2024