Announces Change in
Auditor
VANCOUVER, B.C. (March
9, 2009) - Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) announces that Morgan & Co., Chartered Accountants have resigned
as auditor of the Company, effective March 9th, 2009, at the
request of management of the Company. Further, the Company has appointed
Deloitte & Touche LLC, Chartered Accountants, of Vancouver BC as the
successor auditor.
The resignation of the
former auditor and the appointment of the successor auditor have been
approved by the audit committee of the Company and the directors of the
Company.
There were no
reservations in the former auditor's reports for the two most
recently-completed fiscal years or for any period subsequent to the most
recently-completed period for which an audit report was issued and
preceding the date of the former auditor's resignation.
There were no
reportable events between the Company and the former auditor or between the
Company and the successor, except that prior to March 9th, 2009,
the Company conferred with the successor auditor on accounting for the
Company's debt instruments. The successor auditor provided accounting
literature that may be relevant to the Company's consideration on this
matter. No written advice was provided by the successor auditor to the
Company. The Company did not confer with the former auditor on this
matter.
NGP would like to thank
the firm of Morgan & Company for their services.
About
Nevada Geothermal Power Inc.:
Nevada
Geothermal Power Inc. is a renewable energy company developing geothermal
projects in the United States to provide electrical energy that is clean,
efficient and sustainable. NGP is committed to the geothermal industry and
currently owns a 100% leasehold interest in four properties: Blue Mountain,
Pumpernickel, Black Warrior, all of which are ideally situated in Nevada
and Crump Geyser in Oregon. These properties are at different levels
of exploration and development. NGP estimates a potential of approximately
200 MW from the current leaseholds.
Nevada Geothermal Power Inc.
Brian D.
Fairbank, P. Eng.
President & CEO
www.nevadageothermal.com
|
Investor Inquiries:
Shelley
Kirk
Nevada Geothermal Power Inc.
Telephone: 604-638-8784
Toll Free: 866-688-0808 X118
Email: sfkirk@nevadageothermal.com
|
This Press Release
contains certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We have tried, whenever
possible, to identify these forward-looking statements using words such as
"anticipates," "believes," "estimates,"
"expects," "plans," "intends,"
"potential" and similar expressions. These statements reflect our
current belief and are based upon currently available information.
Accordingly, such forward-looking statements involve known and unknown
risks, uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially from those
expressed in or implied by such statements. We undertake no obligation to
update or advise in the event of any change, addition, or alteration to the
information catered in this Press Release including such forward-looking
statements.
The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of
this release.
|