The Griffin Corporation
TSX VENTURE : GRN

The Griffin Corporation

March 27, 2006 16:56 ET

The Griffin Corporation Changes Auditors

KITCHENER, ONTARIO--(CCNMatthews - March 27, 2006) - On February 23, 2006, the Board of Directors of The Griffin Corporation (the "Company") (TSX VENTURE:GRN) accepted the resignation of the Company's independent auditors, Sloan Partners LLP ("Sloan"), who audited the Company's financial statements for its most recent fiscal year ended December 31 , 2004. As a result of Sloan having divested its reporting issuer audit practice to Schwartz Levistky Feldman LLP, the relationship of the Company with Sloan Partners LLP has consequently been terminated, due to this transaction. This termination did not involve a dispute between the Company and Sloan on any matter of accounting policies or practices, financial statements disclosure, or auditing scope or procedures.

Effective February 23, 2006, the Company, upon the recommendation of the Audit Committee of its Board of Directors, has engaged Schwartz Levitsky Feldman LLP as its independent registered accounting firm to audit the Company's financial statements for its fiscal 2005 year end.

ABOUT THE GRIFFIN CORPORATION

Founded in 1998, The Griffin Corporation is a Canadian-based real estate investment company that owns and operates income-producing commercial real estate in Hamilton, Kitchener, Sudbury and Timmins, Ontario, including a 100% interest in "The Sir William Osler Medical Center" at 265 Sanatorium Road in Hamilton; a 100% interest in 73 King Street, Kitchener; a 100% interest in The Sudbury City Office Tower at 10 Elm Street, Sudbury and a 100% interest in "The 101 Mall" at 38 Pine Street in Timmins.

No Securities Commission or other regulatory authority having jurisdiction over Icefloe has approved or disapproved of the information contained herein.

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted `in these statements may differ materially from actual results or events. Factors that might cause a difference include ,but are not limited to, competitive developments, risks associated with The Griffin Corporation's growth, the development of the commercial real estate market, regulatory risks, and other factors. Unless otherwise required by applicable securities laws, The Griffin Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect The Griffin Corporation's financial and business results is included in public documents Icefloe files from time to time with Canadian securities regulatory authorities.

For more information about The Griffin Corporation, please visit the company's website at www.griffincorporation.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • The Griffin Corporation
    Irwin W. Pasternak
    Chairman
    (519) 744-4400
    73 King Street, 2nd Floor, Kitchener, ON