<SEC-DOCUMENT>0000897101-11-001035.txt : 20110608
<SEC-HEADER>0000897101-11-001035.hdr.sgml : 20110607
<ACCEPTANCE-DATETIME>20110608161023
ACCESSION NUMBER:		0000897101-11-001035
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110603
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110608
DATE AS OF CHANGE:		20110608

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSIGNIA SYSTEMS INC/MN
		CENTRAL INDEX KEY:			0000875355
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				411656308
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13471
		FILM NUMBER:		11901104

	BUSINESS ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445
		BUSINESS PHONE:		7633926200

	MAIL ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>insignia112919_8k.htm
<DESCRIPTION>FORM 8-K DATED JUNE 3, 2011
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Washington, DC 20549-1004</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 6pt 0in" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 20pt" lang=EN-US face="Times New Roman">FORM 8-K</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF </FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Date of Report:</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">June 3, 2011</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in 0pt" align=center><B><FONT style="FONT-SIZE: 20pt" lang=EN-US face="Times New Roman">INSIGNIA SYSTEMS, INC.</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(Exact name of registrant as specified in its chapter)</FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0pt 0in 0in" align=center><B><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman">Minnesota</FONT></B></H1></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">1-13471</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">41-1656308</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Commission <BR>File Number)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(IRS Employer <BR>Identification No.)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">8799 Brooklyn Blvd., Minneapolis, Minnesota</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face="Times New Roman">55445</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Address of principal executive offices)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Zip Code)</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Registrant&#8217;s telephone number, including area code&nbsp;&nbsp;</FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(763) 392-6200</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;(Former name or former address, if changed since last report)</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 6pt 0in 0pt"><FONT style="LAYOUT-GRID-MODE: both; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>

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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="MS Mincho">&#9744;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="MS Mincho">&#9744;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="MS Mincho">&#9744;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="MS Mincho">&#9744;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; Pre-commencement communications pursuant to Rule 13e-4c under the Exchange Act (17 CFR 240.13e-4c)</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Item 4.01.&nbsp; Changes in Registrant&#8217;s Certifying Accountant.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Effective June 3, 2011, Grant Thornton LLP (&#8220;Grant Thornton&#8221;) resigned as the Company&#8217;s independent registered public accounting firm.&nbsp; This resignation was the result of the appointment of John C. Gonsior as the Company&#8217;s new Vice President of Finance, Chief Financial Officer and Treasurer, described in Item 5.02 below.&nbsp;Because Mr. Gonsior was an employee of Grant Thornton, and worked on Grant Thornton&#8217;s December 31, 2010 audit of the Company prior to his employment by the Company, Grant Thornton determined that the independence rules applicable to independent registered public accounting firms&nbsp;required its resignation.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The audit reports of Grant Thornton on the financial statements of the Company as of and for the last two fiscal years ended December 31, 2010 neither contained any adverse opinion or disclaimer of opinion, nor were these opinions qualified or modified as to uncertainty, audit scope or accounting principles.&nbsp; During the Company&#8217;s two most recent fiscal years ended December 31, 2010, and during the subsequent interim period&nbsp;through Grant Thornton&#8217;s resignation, there was no disagreement between the Company and Grant Thornton on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Grant Thornton&#8217;s satisfaction, would have caused Grant Thornton to make reference to the subject matter of the disagreement in connection with its reports.&nbsp; During the two most recent years and the subsequent interim period through March 31, 2011, there were no reportable events (as described in Regulation S-K Item 304 (a)(1)(v)).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Item 5.02.&nbsp; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Effective June 3, 2011, John C. Gonsior, age 33, was appointed to serve as the Company&#8217;s Vice President of Finance, Chief Financial Officer and Treasurer. He will serve as an officer until his successor is appointed, or until his prior resignation, removal, or death. Mr. Gonsior will start at the Company on June 13, 2011.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">From January 2006 to May 2011, Mr. Gonsior held the positions of Manager-Audit and Senior Manager-Audit at Grant Thornton. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">In connection with his appointment, Mr. Gonsior signed the Company&#8217;s standard Proprietary Rights Agreement, which includes confidentiality and non-compete provisions. He also signed a Change In Control Severance Agreement, which entitles him to twenty-four months severance following a change of control of the Company if he is terminated without cause or if he voluntarily terminates for &#8220;good reason,&#8221; defined in the agreement to include demotion, reduction in salary or benefits, relocation, and certain other events.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Item 9.01.&nbsp; Financial Statements and Exhibits.</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Exhibits</FONT></U><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">.&nbsp; The following exhibit is filed with this document:</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0.25in 0pt 0in"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10pt" face="Times New Roman">Letter from Grant Thornton LLP to the Securities and Exchange Commission dated June 8, 2011.</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Insignia Systems, Inc.</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Registrant)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Date:&nbsp; June 8, 2011</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">By&nbsp;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">/s/ Scott F. Drill</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Scott F. Drill, President and Chief Executive Officer</FONT></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><U><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="Times New Roman">Description</FONT></U></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="Times New Roman">16.1.</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="Times New Roman">Letter from Grant Thornton LLP to the Securities and Exchange Commission dated June 8, 2011.</FONT></P></TD></TR></TABLE></DIV>

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<TYPE>EX-16.1
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<DESCRIPTION>LETTER FROM GRANT THORNTON LLP DATED JUNE 8, 2011
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Exhibit 16.1</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">June 8, 2011</FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">US Securities and Exchange Commission<BR></FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Office of the Chief Accountant<BR>100 F Street, NE<BR></FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Washington, DC&nbsp; 20549</FONT></P></TD>

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   <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 8pt"><STRONG>Audit &#8226; Tax &#8226; Advisory</STRONG></FONT></P>

   <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 8pt"><STRONG>Grant Thornton LLP<BR></STRONG>200 S 6<SUP>th</SUP> Street, Suite 500<BR>Minneapolis, MN 55402-1459</FONT></P>

   <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 8pt">T 612.332.0001<BR>F 612.332.8361<BR>www.GrantThornton.com</FONT></P></TD></TR></TABLE></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Re: Insignia Systems, Inc.<BR>File No. 1-13471</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Dear Sir or Madam:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">We have read Item 4.01 of Form 8-K of Insignia Systems, Inc. dated June 8, 2011; and agree with the statements concerning our Firm contained therein.</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT size=2>Very truly yours,</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT size=2>GRANT THORNTON LLP<BR></FONT><FONT size=2><STRONG>Grant Thornton LLP</STRONG></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">U.S. member firm of Grant Thornton International Ltd</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><STRONG><FONT style="FONT-SIZE: 7pt">Grant Thornton LLP</FONT></STRONG></P><FONT style="FONT-SIZE: 7pt">

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">U.S. member firm of Grant Thornton International Ltd</FONT></P></FONT>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
