Asconi Signed Contract With KPMG
Aiming at establishing an effective internal control system in the current year of 2002 Asconi has entered into a contract outsourcing the internal audit function to KPMG.
FOR IMMEDIATE RELEASE
CONTACT:
Constantin Jitaru
Asconi Corporation
International Parkway Suite 280 #160
Heathrow, FL 32746
Phone: 407-833-8000
Fax: 407-833-8002
Email: Asconi@mdl.net
Web site: www.asconi.com
Asconi Signed Contract With KPMG
Orlando, FL -- April 29, 2002 -- Asconi Corporation (OTC BB: ASCS) announced the signing of a contract with KPMG for internal audit services.
Aiming at establishing an effective internal control system in the current year of 2002 Asconi has entered into a contract outsourcing the internal audit function to KPMG.
Undoubtedly the signing of an internal audit contract with KPMG will facilitate the companys efforts in improving internal controls, as well as finding ways to increase efficiency and effectiveness of operations. It will also allow for allocation of potentially untapped reserves of the Companys development and ensure their utilization in the best possible way. Fresh, competent judgment of outside experts will certainly reveal new operational development potential opportunities" said President and CEO of Asconi Constantin Jitaru.
About Asconi Corporation:
Asconi is an independent wine producer in Moldova. Asconis business functions are:
• Purchase of grapes from independent producers, grapes processing and making of wine;
• Storing and aging of wine;
• Wine stabilizing;
• Wine bottling and wholesaling.
Asconi is one of the leaders among Moldovan wine producers and exporters.
For additional information, please e-mail Constantin Jitaru at Asconi@mdl.net
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. The statements in the press release that relate to the companys expectations with regard to the future impact on the companys results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The results anticipated by any or all of these forward-looking statements may not occur.
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