LAKE FOREST, Calif.--(BUSINESS WIRE)--Nov. 30, 2005--
The Company's Audit Committee Has Commenced an Immediate Search for
a New Registered Independent Public Accounting Firm
Liquidmetal(R) Technologies, Inc. (OTCBB:LQMTE) today announced
the resignation of Stonefield, Josephson, Inc., the company's
independent registered public accounting firm, effective upon the
completion of Stonefield's review of the company's interim unaudited
financial statements as of and for the three and nine month periods
ended September 30, 2005. Stonefield's resignation was not a result of
any disagreement with the company on any matter of accounting
principles or practice, financial statement disclosure, or auditing
scope or procedure. The company's Audit Committee has commenced an
immediate search for a new registered independent public accounting
firm. Today, the company also filed a Form 8-K with the U.S.
Securities and Exchange Commission providing additional details
regarding Stonefield's resignation.
Liquidmetal Technologies will host an update call at 8:30am (EST)
on Thursday, December 1, 2005 to discuss this change with regard to
the company's auditor.
Listeners may access the conference call live over the Internet
from Liquidmetal Technologies' website http://ir.liquidmetal.com or at
http://www.companyboardroom.com.
The dial-in-number to access this operator-assisted listen only
call is toll free 1-800-500-0311 or toll 1-719-457-2698 for
International callers. Institutional investors can also access the
call via CCBN's password-protected event management site, StreetEvents
http://www.streetevents.com.
This press release may contain "forward-looking statements" that
involve risks and uncertainties, including statements regarding our
anticipated financial results, as well as our plans, future events,
objectives, expectations, forecasts, and the assumptions on which
those statements are based. Any statement in this press release that
is not a statement of historical fact is a forward-looking statement,
and in some cases, words such as "believe," "estimate," "project,"
"expect," "intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes and
results to differ materially from the anticipated outcomes or result,
and undue reliance should not be placed on these statements. These
risks and uncertainties include: unforeseen events that could further
delay completion of the company's ongoing audit process; pending
litigation against the company and its potential outcome; our limited
operating history in developing and manufacturing products from bulk
amorphous alloys; the adoption of our alloys by customers; the
commercial success of our customer's products; our ability to
identify, develop, and commercialize new applications for our alloys;
competition with suppliers of incumbent materials; the development of
new materials that render our alloys obsolete; the ability to manage
our anticipated growth; our limited direct experience in manufacturing
bulk alloy products; scaling-up our manufacturing facilities;
protecting our intellectual property; problems associated with
manufacturing and selling our alloys outside of the United States; and
other risks and uncertainties discussed in filings made with the
Securities and Exchange Commission (including risks described in
subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and other
filings). Liquidmetal Technologies disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
CONTACT: Liquidmetal Technologies, Lake Forest
Otis Buchanan, 949-206-8020
otis.buchanan@liquidmetal.com
SOURCE: Liquidmetal Technologies
