Opinion Research Corporation Announces Appointment of Dale J. Florio to Audit Committee and Receipt of Letter from Nasdaq
October 12 2005 - 3:54PM
PR Newswire (US)
PRINCETON, N.J., Oct. 12 /PRNewswire-FirstCall/ -- Opinion Research
Corporation (NASDAQ:ORCI) today announced that the Company's Board
of Directors appointed Dale J. Florio to the Company's audit
committee on October 7, 2005. Mr. Florio is a current independent
director of the Company. While the Company's Board of Directors was
in the process of identifying a replacement on the audit committee
for John J. Gavin, who resigned from the Board of Directors on July
29, 2005, the Company was contacted by the staff of The Nasdaq
Stock Market, Inc. ("Nasdaq") by telephone on October 6, 2005 and
notified of its noncompliance with Nasdaq Rule 4350(d)(2). Rule
4350(d)(2) requires the audit committee of each Nasdaq issuer to
have at least three independent members on its audit committee. The
Nasdaq staff followed up with a letter to the Company on October
10, 2005 notifying the Company of its noncompliance and advising
the Company that it was eligible for the cure period set forth in
Nasdaq Rule 4350(d)(4), which provides that the Company has until
its upcoming annual meeting on October 27, 2005 to appoint a third
independent member of the Board of Directors to the audit
committee. The letter also stated that because Mr. Florio was
appointed to the audit committee on October 7, 2005, the Nasdaq
staff had determined that the Company was in compliance with Rule
4350(d)(2) and that the matter was closed. About Opinion Research
Corporation Founded in 1938, Opinion Research Corporation provides
commercial market research, health and demographic research for
government agencies, information services, teleservices and
consulting. The company is a pioneering leader in the science of
market and social research, and has built an international
organization to support market intelligence in both public and
commercial markets. Further information is available at
http://www.opinionresearch.com/ . Safe Harbor Statement This press
release contains, within the meaning of the safe harbor provision
of the Private Securities Litigation Reform Act of 1995, forward-
looking statements that are based on management's beliefs and
assumptions, current expectations, estimates and projections. These
statements are subject to risks and uncertainties and therefore
actual results may materially differ. The company disclaims any
obligation to update any forward-looking statements whether as a
result of new information, future events, or otherwise. Important
factors and risks that may affect future results are described in
the company's filings with the Securities and Exchange Commission,
copies of which are available upon request from the company.
DATASOURCE: Opinion Research Corporation CONTACT: Douglas L. Cox,
EVP & Chief Financial Officer of Opinion Research Corporation,
+1-609-452-5274 Web site: http://www.opinionresearch.com/
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