Banta Selects Ernst & Young as New Auditor, Replaces Arthur Andersen
Press release from the issuing company
MENASHA, Wis., May 20 Banta Corporation today announced its Board of Directors has appointed Ernst & Young LLP as the corporation's independent auditor for fiscal year 2002, replacing Arthur Andersen LLP.
Each year the Audit Committee of the Banta Board of Directors makes a recommendation to the full Board regarding the selection of the corporation's outside auditors. This year's appointment followed an extensive evaluation and selection process. "For more than 50 years, Arthur Andersen has done excellent work for Banta and we have the utmost respect for the people with whom we have worked," said Donald D. Belcher, Banta chairman and chief executive officer. "The decision was difficult; however, both the Audit Committee as well as the Board believed a change in auditors would be in the best interests of our shareholders." The corporation had been served by Arthur Andersen's Milwaukee office.
Banta Corporation is a technology and market leader in printing and supply-chain management. Banta provides a comprehensive combination of printing and digital imaging solutions to leading publishers and direct marketers, including advanced digital content management and e-business services. Banta's global supply-chain management businesses provide a wide range of outsourcing capabilities to the world's largest technology companies. Services range from component procurement, product assembly and packaging to inventory control and global distribution.
An electronic version of this news release, as well as other information about Banta Corporation, is available through the company's Web site at http://www.banta.com
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