Pr Communication Memo
PR Communication Memo
May 5th, 2009
XYZ Company Announces Resignation
Of John Smith As Chief Financial Officer
New York, NY (December 05, 2009) — XYZ Inc. Company that has widespread business relating to
online sales of computers has been in press in relations to its financial performance. The company
informs the public that XYZ Inc.’s has filed its financial statements in time with the SEC and the
finances have shown a growth of 3.5% in revenues compared with 3.2% growth during the same quarter
last year. XYZ Inc. has reported a similar increase in profitability. The reason is that there is an increase
in the online sales of computer hardware.
The company Chief Financial Officer has resigned because of personal reasons and the company has
already released in the press a public notice announcing the vacancy of the position. This notice is
schedule to appear in leading national newspapers next week. The outgoing CFO has given the company
a letter mentioning that he is resigning from the position because of personal reasons and not for any
Presently, the company has received some inquiries from the US Securities and Exchange Commission.
The company is providing the SEC with all the information and documents required by them. The focus
of their inquiries is on two sales made during the last month of the accounting period and relates to
recognition of revenue relating to these sales. XYZ Inc. ensures its shareholders and employees that the
company is transparent in all its dealings and that it has disclosed all details about these sales and the
revenue recognized to the SEC investigators. Please be certain that the company has followed the sound
accounting practices in accordance with the generally accepted accounting principles. will notify the
public about the outcome of this investigation....