MarkWest Hydrocarbon Receives Extension Notice From AMEX; Extension of Waivers for Bank Credit Facility
May 04 2005 - 6:55PM
PR Newswire (US)
MarkWest Hydrocarbon Receives Extension Notice From AMEX; Extension
of Waivers for Bank Credit Facility DENVER, May 4
/PRNewswire-FirstCall/ -- MarkWest Hydrocarbon, Inc. (AMEX:MWP),
today announced that it received an extension, to May 31, 2005,
from the American Stock Exchange ("AMEX") for the Company to regain
compliance with the exchange requirements by filing its 2004 Annual
Report on Form 10-K. The Company had previously received a warning
letter from AMEX, dated April 5, 2005, advising the Company that it
was not in compliance with the AMEX requirements for failure to
file with the Securities and Exchange Commission (the "SEC") its
Annual Report on Form 10-K for year ended December 31, 2004 by the
prescribed filing deadline. Additionally, the Company today
announced that on April 29, 2005 it received an extension of the
waiver of the covenant contained in its Credit Agreement requiring
that the Partnership deliver its audited financial statements to
the Lenders by March 31, 2005. The Company had previously been
granted a waiver of the covenant through April 30, 2005. The
previously granted waiver has now been extended to June 30, 2005.
MarkWest Hydrocarbon, Inc. (AMEX:MWP) controls and operates
MarkWest Energy Partners, L.P. (AMEX:MWE), a publicly-traded
limited partnership engaged in the gathering, processing and
transmission of natural gas; the transportation, fractionation and
storage of natural gas liquids; and the gathering and
transportation of crude oil. We also market natural gas and NGLs.
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical facts included
or incorporated herein may constitute forward-looking statements.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that
affect our operations, financial performance and other factors as
discussed in our filings with the Securities and Exchange
Commission. Among the factors that could cause results to differ
materially are those risks discussed in our Form 10-K for the year
ended December 31, 2003, and our Forms 10-Q for 2004, as filed with
the SEC. DATASOURCE: MarkWest Hydrocarbon, Inc. CONTACT: Frank
Semple, President & CEO, or Jim Ivey, CFO, or Andy Schroeder,
VP and Treasurer, all of MarkWest Hydrocarbon, Inc.,
+1-303-290-8700, Web site: http://www.markwest.com/
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