XI'AN, China, Dec. 14 /Xinhua-PRNewswire/ -- China Housing & Land Development, Inc., "China Housing" (OTC Bulletin Board: CHLN), a leading developer of residential and commercial properties in northwestern China announced today that the Company has engaged Moore Stephens Cooper Molyneux LLP as the Company's new independent auditor.
Moore Stephens Cooper Molyneux LLP "MSCM" was founded in 1975 and has an established reputation of working with both private and public companies over the past thirty years and is a member of Moore Stephens International Limited and Moore Stephens North America Inc. which is regarded as one of the top 15 worldwide accounting and consulting associations, consisting of independent member firms and correspondents in 93 countries with over 539 offices and some 15,000 principals and staff. MSCM is expected to conduct the 2007 audit for China Housing and the 10k filing is expected to be filed on time. There is no disagreement between China Housing and the past auditor Moore Stephens Wurth Frazer and Torbet, LLP.
About China Housing & Land Development
Based in Xi'an, the capital city of Shaanxi province in China, China Housing & Land Development, Inc. is the largest private developer of residential and commercial properties. China Housing has been an independent business since 1992 and became a U.S. public company in 2006.
Cautionary Statement Regarding Forward-Looking Information
This Press Release may contain forward-looking information about China Housing & Land Development, which are covered under the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Housing & Land Development's future performance, operations and products. Actual performance results may vary significantly from expectations and projections. This and other "Risk Factors" are contained in China Housing & Land Development, Inc.'s public filings with the SEC.
