RTW 3Q Delayed, Reverse Stock Split Necessary

RTW, Inc. (Nasdaq:RTWI), a provider of products and services to manage workers' compensation programs, yesterday reported that it will delay reporting its third quarter earning as well as delay filing its Report on Form 10-Q. On October 7, 2002, RTW engaged Ernst & Young LLP (E&Y) as its independent public accountants to replace Deloitte & Touche LLP, the Company's former auditors who resigned on September 12, 2002. As of the date of the company’s press release, E&Y has not completed its review of the Company's Report on Form 10-Q for the quarter ended September 30, 2002. The Company is wo...