NYFIX Affirms Previously Announced Delay in Filing Quarterly Report on Form 10-Q and Expectation of Filing in a Few Days
May 26 2004 - 7:15AM
PR Newswire (US)
NYFIX Affirms Previously Announced Delay in Filing Quarterly Report
on Form 10-Q and Expectation of Filing in a Few Days STAMFORD,
Conn., May 26 /PRNewswire-FirstCall/ -- NYFIX, Inc. , a leader in
technology solutions for the financial marketplace, today affirmed,
as it had previously announced on May 17, 2004, that there will be
a delay in filing its quarterly report on Form 10-Q for the quarter
ending March 31, 2004, originally due May 10, 2004. However, as
also previously announced, the Company expects to file its Form
10-Q and its Annual Report on Form 10-K for the year ended December
31, 2003 in the next few days. As previously announced, the Company
has appealed a notification by Nasdaq of noncompliance with
Nasdaq's listing requirements because the Company had not timely
filed its 2003 Form 10-K. Nasdaq notified the Company on May 19,
2004 that the Company is not in compliance with the Nasdaq listing
requirements (Marketplace Rule 4310(c)(14)) because the Company had
not timely filed its Form 10-Q and will consider such noncompliance
in rendering its decision. The Company has requested an extension
to May 30, 2004 to meet the Nasdaq listing requirements and is
awaiting a decision on its request. Upon completion of the
Company's filings, the Company expects it will be in compliance
with its SEC reporting obligations, at which time the Company will
request that Nasdaq dismiss the pending delisting action against
the Company and permit the Company's common stock to resume trading
on the Nasdaq National Market System under the symbol NYFX. About
NYFIX, Inc. NYFIX, Inc. is an established provider to the domestic
and international financial markets of trading workstations,
middle-office trade automation technologies and trade communication
technologies. Our NYFIX Network is one of the industry's largest
networks, connecting broker-dealers, institutions and exchanges. In
addition to our headquarters in Stamford, we have offices on Wall
Street in New York City, in London's Financial District, in
Chicago, and in San Francisco. We operate three data centers in the
northeastern United States and data center hubs in London and
Amsterdam. For more information, please visit http://www.nyfix.com/
and http://www.javtech.com/. This press release contains certain
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, which are intended to
be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty, including without limitation, the ability of the
Company to market and develop its products. Although the Company
believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions
could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties
inherent in the forward- looking statements included herein, the
inclusion of such information should not be regarded as a
representation by the Company or any other person that the
objectives and plans of the Company will be achieved. DATASOURCE:
NYFIX, Inc. CONTACT: Jennifer Carberry of NYFIX, Inc.,
+1-203-425-8000 or Web site: http://www.nyfix.com/
http://www.javtech.com/
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