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Metro One Receives Qualified Audit Opinion
| Source: Metro One Telecommunications
PORTLAND, OR--(Marketwire - April 14, 2008) - Metro One Telecommunications, Inc. (NASDAQ : INFO ) (the "Company"), in compliance with Nasdaq Marketplace Rule
4350(b)(1)(B), today announced that the Company's independent registered
public accounting firm included a going concern explanatory paragraph in
its report on the Company's consolidated financial statements as of and for
the fiscal year ended December 31, 2007. The qualification was included as
a result of the Company's recurring losses from operations and loss of a
significant customer. The Company received a similar qualification in the
report for its fiscal year ended December 31, 2006. For information
regarding management's plans in regard to these matters, please see the
Company's Annual Report on Form 10-K filed with the Securities and Exchange
Commission on March 31, 2008.
About Metro One Telecommunications
Based in the Portland, Ore., suburb of Beaverton, Metro One
Telecommunications, Inc. (NASDAQ : INFO ), is an information services
provider, offering inbound and outbound contact services, data and
analytics, and related services. In the past two years, the Company has
processed more than 300 million search requests for information.
Safe Harbor Statement
This press release contains forward-looking statements that are made
pursuant to the safe harbor provisions of The Private Securities Litigation
Reform Act of 1995. The forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements, including, but not limited to, factors detailed
in the Company's Securities and Exchange Commission filings. The
forward-looking statements should be considered in light of these risks and
uncertainties.