Legible Inc. Welcomes DMCL LLP as Its New Auditor

Legible Inc. Welcomes New Auditor to Strengthen Financial Oversight

Legible Inc. is excited to announce the appointment of DMCL LLP as its new independent auditor. This transition marks an important step in the company’s commitment to ensure rigorous financial accountability and transparency. The Board of Directors has confirmed this appointment, which will be presented for ratification at the upcoming shareholders’ meeting.

Transitioning from KPMG to DMCL LLP

The resignation of KPMG LLP as the former auditor was a decision made independently by KPMG, and it has been formally accepted by Legible’s audit committee without any reportable events or disagreements. Importantly, KPMG has indicated that there were no unresolved issues that could impact the financial statements for the fiscal years ending December 31.” The Board extends its gratitude to KPMG for their valuable contributions during their tenure.

Understanding Legible's Business Model and Innovations

Legible Inc. is paving the way in the eBook and audiobook space with a pioneering approach that heavily emphasizes mobile technology. With partnerships with major publishers, Legible is uniquely positioned to provide an extensive library of multilingual eBooks and audiobooks, accessible through any smart device.

Innovative Releases and Engaging Experiences

One of Legible's standout offerings is the interactive AI-powered content from the AI Classics series, including the latest release, FrankensteinAI. This title reimagines Mary Shelley’s classic with captivating AI-generated visuals and immersive character-driven chat features. Additionally, the upcoming project My Model Kitchen showcases Legible's innovation by combining recipes with video content, aided by an AI Sous Chef. These creations highlight Legible’s dedication to providing a rich, interactive literary experience.

Legible’s Expansion in Automotive Infotainment

Legible is also breaking ground in the automotive infotainment industry, being the only provider of an Android Automotive app that offers both audiobooks and eBooks for millions of drivers and passengers worldwide. Collaborations with leading media providers such as Faurecia Aptoide and Visteon further solidify Legible's presence in this rapidly growing market. This strategic move reinforces Legible’s commitment to enhancing in-car entertainment experiences.

Award-Winning Products and Industry Recognition

Recently awarded the EdTech Breakthrough Award for eLearning Innovation of the Year, Legible continues to reshape the digital publishing landscape. By strategically targeting the 21st-century market, the company aims for significant advancements in consumer engagement and market penetration.

Future Prospects and Company Vision

Legible Inc. is on a trajectory of growth and innovation, as evidenced by its proactive actions in appointing a new auditor and the expansion of its publishing capabilities. With a clear vision and an agile strategy, Legible aims to solidify its position in the eBook and audiobook markets, continuously adapting to the evolving demands of readers and listeners.

Contact Information

For media inquiries and further information about Legible Inc., Ms. Deborah Harford, EVP of Global Strategic Partnerships, is available at the company’s contact email: invest@legible.com or via their website https://invest.legible.com. Direct calls can be made to (778) 776-5769 for immediate inquiries.

Frequently Asked Questions

What led to the appointment of DMCL LLP as the new auditor?

The Board of Directors approved DMCL LLP's appointment following the resignation of KPMG LLP. This transition aims to bolster financial oversight and accountability.

How does Legible impact the eBook and audiobook market?

Legible delivers a vast array of multilingual eBooks and audiobooks through partnerships with major publishers, enhancing accessibility for users worldwide.

What innovative features does FrankensteinAI offer?

FrankensteinAI includes AI-generated visuals and character-driven chat interactions, providing readers with a deeply engaging and interactive experience.

How is Legible entering the automotive industry?

Legible offers the only Android Automotive app capable of delivering eBooks and audiobooks to vehicles, significantly enhancing in-car entertainment for millions of users.

What recognition has Legible received in the industry?

Legible was honored with the EdTech Breakthrough Award for eLearning Innovation of the Year, highlighting its commitment to innovation in digital publishing.

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