(Logo: http://www.newscom.com/cgi-bin/prnh/20091012/CNM039LOGO )
The decision to change accountants was approved by China Yida's audit committee.
China Yida and Kabani & Co. had no disagreements from the time of the
initial engagement to its dismissal, on any matters of accounting principle or
practice, financial statement disclosure, or auditing scope or procedure for
the audited financials for the fiscal year ended
"We look forward to developing a strong relationship with BDO China to
provide investors with timely and accurate financial reports," commented Dr.
About China Yida
China Yida is a leading diversified entertainment enterprise focused on
China's fast-growing tourism and media industries and headquartered in
Forward-Looking Statements
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of China Yida Holding Co., Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov .
For more information, please contact: China Yida Holdings George Wung, CFO Phone: +1-909-843-6358 Email: ir@yidacn.net CCG Investor Relations Crocker Coulson, President Phone: +1-646-213-1915 Ed Job, CFA Phone: +1-646-213-1914 Email: ed.job@ccgir.com
SOURCE China Yida Holding Company