SOURCE: Admiralty Holding Company

November 28, 2007 15:12 ET

Admiralty Holding Company Engages New Auditors

ATLANTA, GA--(Marketwire - November 28, 2007) - Admiralty Holding Company (PINKSHEETS: ADMH) (Admiralty) announced today that it has engaged Tauber & Balser, P.C. ("T & B") as its new independent registered public accounting firm.

T & B is a member of The Center for Public Company Audit Firms of the American Institute of Certified Public Accountants and a Registered Accounting Firm of the Public Company Accounting Oversight Board, and provides a full range of SEC reporting and compliance services. T & B has been named one of the "Best of the Best Firms" by Inside Public Accounting for 2006 and 2007 and has been listed as one of Atlanta's 2007 Top 25 Accounting Firms by the Atlanta Business Chronicle.

In making this announcement, Herbert Leeming, CEO of Admiralty, commented: "We are truly delighted with the engagement of one of the top accounting firms in Atlanta as our new SEC auditors. We are looking forward to working with Tauber & Balser on audits for 2006 and 2007 so that we can bring Admiralty current and remain current in our SEC reporting and return our stock to trading on the OTC Bulletin Board."

Forward-Looking Statements

This press release contains "forward-looking statements." Statements made in the future tense, and words such as "anticipate," "expect," "project," "believe," "plan," "estimate," "intend," "will," "may" and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of Admiralty. Relevant risks and uncertainties include those referenced in Admiralty's filings with the Securities and Exchange Commission ("SEC") (which can be obtained as described in "Additional Information" below), and include but are not limited to: general industry conditions and competition; economic conditions; availability of new capital; weather conditions; technological advances and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; governmental laws and regulations, including foreign governments. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. Admiralty assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.

Contact Information

  • For Further Information:
    Herbert C. Leeming
    Chief Executive Officer
    Admiralty Holding Company
    PH: (404) 995-7010
    Email Contact