American Express Travel Service, which books tickets for Philip Morris senior executives, will not issue them to these locations until managers are advised of
the risks, says Gregorie Bujac, vice president of Philip Morris corporate security.
Giamboi cautioned that anyone who may have access to intact asbestos should be advised of
the location, such as in a basement near a tenant-used laundry room.
After Grant Thornton LLP was advised of
the results of the Audit Committee investigation, Grant Thornton LLP advised the Audit Committee's counsel that certain members of senior management failed to disclose facts material to the financial statements and the weaknesses in the internal controls.
The USPS has advised the Company that there will be a transition period following expiration of the contracts in which the USPS will continue to purchase CBU's from the Company but the Company has not been advised of
the length of the transition period or the expected level of sales to the USPS during the transition period.