OTTAWA, July 13, 2017 (GLOBE NEWSWIRE) -- BetterU Education Corp. (“betterU” or the “Company”), (TSX-V:BRU), a TSX Venture Company, announced that it has changed its auditor from DMCL LLP (“DMCL”) to Welch LLP (“WELCH”) effective July 12, 2017. In conjunction with the resignation of the former auditor DMCL, WELCH was appointed the successor auditor as of the effective date of July 12, 2017. In accordance with National Instrument 51-102 ("NI-51-102"), the Company has filed a Change of Auditor Notice ("Notice") on SEDAR together with letters from both DMCL and WELCH, with each letter confirming that it is in agreement with the statements contained in the Notice, as applicable. There were no reportable events as defined in NI 51-102 between DMCL and the Company.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company and its management. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.