Simplex Solutions Inc.

Simplex Solutions Inc.

January 19, 2007 08:25 ET

Simplex Solutions Inc.: Resignation of Auditor and Director

TORONTO, ONTARIO--(CCNMatthews - Jan. 19, 2007) - Simplex Solutions Inc. ("Simplex")(CNQ:SPLX) announced that Smith, Nixon & Co. LLP have resigned as auditors of Simplex, effective December 31, 2006. The resignation was due to business reasons and was not due to the any disagreement between Smith, Nixon & Co. LLP and management of the company. In addition, Simplex confirmed that there were no "Reportable Events" as this term is used in securities regulation in connection Smith Nixon's resignation. Simplex has begun a search for a new auditor and will advise by press release when a replacement to Smith Nixon has been appointed.

Simplex also announced that David Reeve has resigned from the board of Simplex due to personal reasons. David Reeve will continue to head up Simplex Consulting Limited, Simplex's UK subsidiary.

About Simplex

Simplex is publicly traded in Canada on The Canadian Trading and Quotation System Inc. (Symbol:SPLX), with 49,265,603 shares outstanding.

Contact Information

  • Simplex Solutions Inc.
    Tony Cutruzzola
    (416) 239-0652