Mullen Group Ltd. Announces Change of Auditors for 2014

 OKOTOKS, AB, March 12, 2014 /CNW/ - (TSX: MTL)  Mullen Group Ltd. ("Mullen  Group" and/or the "Corporation") today announced that its Audit Committee has  completed a review process in relation to its audit service provider. The  process was undertaken with the primary objectives of evaluating the expertise  available to the Board of Directors of Mullen Group and the market cost of  Mullen Group's audit services.  The Audit Committee conducted this review over the past several months and  assessed a proposal for audit services from one of Canada's largest audit  firms against its existing auditor's audit plan for the year ended 2013.  Both  firms have significant experience and local, national and international  expertise. At the conclusion of the process, the Board of Directors, on the  recommendation of the Audit Committee, has unanimously determined to commence  the process of changing Mullen Group's auditor to PricewaterhouseCoopers LLP.  Mullen Group's existing auditors, KPMG LLP, had been Mullen Group's auditors  since 1993. KPMG LLP has completed its audit and related filings for Mullen  Group's financial year ended December 31, 2013. PricewaterhouseCoopers LLP is  being proposed for appointment as auditor at Mullen Group's upcoming annual  shareholders' meeting. There were no disagreements with KPMG LLP on any matter  of accounting principles or practices, financial statement disclosure, or  auditing scope or procedure for the period in which KPMG LLP provided auditing  services, including any "reportable event", as defined in National Instrument  51-102 - Continuous Disclosure Obligations. Indeed, the relationship with KPMG  LLP has been very positive and professional over the years.  "This process is consistent with our philosophy of cost discipline. Our  relationship with PricewaterhouseCoopers LLP is expected to benefit the Board,  management and Mullen Group's shareholders," stated Mr. Murray K. Mullen,  Chairman and Chief Executive Officer. "This process required the entire Audit  Committee to invest a significant amount of their time and expertise, for  which we are grateful," added Mr. Mullen.  The Audit Committee, on behalf of the Board of Directors, would like to thank  KPMG LLP for its services and contributions to Mullen Group and its  shareholders.  Mullen Group is a company that owns a network of independently operated  businesses.  Mullen Group provides a wide range of specialized transportation  and related services to the oil and natural gas industry in western Canada and  is one of the leading suppliers of trucking and logistics services in Canada -  two sectors of the economy in which Mullen Group has strong business  relationships and industry leadership.  Mullen Group provides management and  financial expertise, technology and systems support to its independent  businesses.  Mullen Group is a publicly traded corporation listed on the Toronto Stock  Exchange under the symbol "MTL".  Additional information is available on our  website at www.mullen-group.com or on SEDAR at www.sedar.com.    SOURCE  Mullen Group Ltd.  Mr. Murray K. Mullen - Chairman of the Board and Chief Executive Officer Mr.  Stephen H. Lockwood - Co-Chief Executive Officer and President Mr. P. Stephen  Clark - Chief Financial Officer  121A - 31 Southridge Drive Okotoks, Alberta, Canada T1S 2N3 Telephone:  403-995-5200 Fax: 403-995-5296  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/March2014/12/c4756.html  CO: Mullen Group Ltd. ST: Alberta NI: TRN  
Press spacebar to pause and continue. Press esc to stop.