NEW YORK, July 12, 2006 (PRIMEZONE) -- Bexil Corporation (AMEX:BXL) announced today that, effective July 6, 2006, its Board of Directors has dismissed Deloitte & Touche LLP as the Company's independent registered public accounting firm and has engaged Tait, Weller & Baker LLP as its new independent registered public accounting firm.
"We are looking forward to our relationship with Tait, Weller," stated Thomas O'Malley, the Company's Chief Financial Officer. "We believe that Tait, Weller's experience and technical expertise will be a good fit with Bexil," he continued. Mr. O'Malley did note that Deloitte's dismissal was not a result of any disagreement between Deloitte and the Company, including in regard to the Company's accounting principles and practices, financial statement disclosures or audit procedures.
Bexil is a holding company. More information about Bexil may be found at www.bexil.com. Approximately 25% of Bexil's shares are owned by Winmill & Co. Incorporated (Pink Sheets:WNMLA) (http://www.winmillco.com), which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds, as well as through proprietary securities trading.
This press release may contain forward-looking statements and similar expressions that reflect Bexil's current expectations about its future performance, and are subject to risks, uncertainties and other factors that could cause Bexil's actual performance to differ materially from those expressed in, or implied by, these forward-looking statements.