Catalina Marketing Expects to File Fiscal 2004 10-K by Mid July
June 29 2004 - 4:01PM
PR Newswire (US)
Catalina Marketing Expects to File Fiscal 2004 10-K by Mid July ST.
PETERSBURG, Fla., June 29 /PRNewswire-FirstCall/ -- Catalina
Marketing Corporation (NYSE:POS) announced today that it expects to
file its annual report on Form 10-K for the fiscal year ended March
31, 2004 by the middle of July 2004. As required, Catalina
previously filed a notification of late filing with the Securities
and Exchange Commission under Rule 12b-25, but has determined that
it will be unable to meet the filing deadline of June 29, 2004. The
fiscal 2003 Form 10-K and the restated results for prior years were
recently completed and filed on May 17, 2004. The reporting of
fiscal 2004 has been delayed because of the time and resources
required to complete and file the previously delayed 2003 Form 10-K
filing, which encompassed the restatement of financial results
related to fiscal 2002 and 2001. Accordingly, the Company is
currently unable to complete its fiscal 2004 financial statements
and annual report on Form 10-K on a timely basis without undue
burden or expense. The Company reiterated that the delay in filing
has not had an impact on its credit facilities and that it is
currently in compliance with all related financial covenants. Based
in St. Petersburg, FL., Catalina Marketing Corporation
(http://www.catalinamarketing.com/) was founded 20 years ago based
on the premise that targeting communications based on actual
purchase behavior would generate more effective consumer response.
Today, Catalina Marketing combines unparalleled insight into
consumer behavior with dynamic consumer access. This combination of
insight and access provides marketers with the ability to execute
behavior-based marketing programs, ensuring that the right consumer
receives the right message at exactly the right time. Catalina
Marketing offers an array of behavior-based promotional messaging,
loyalty programs and direct-to-patient information. Personally
identifiable data that may be collected from the Company's targeted
marketing programs, as well as its research programs, are never
sold or given to any outside party without the express permission
of the consumer. Certain statements in the preceding paragraphs are
forward looking, and actual results may differ materially.
Statements not based on historic facts involve risks and
uncertainties, including, but not limited to, the changing market
for promotional activities, especially as it relates to policies
and programs of packaged goods and pharmaceutical manufacturers and
retailers, government and regulatory statutes, rules, regulations
and policies, the effect of economic and competitive conditions and
seasonal variations, actual promotional activities and programs
with the Company's customers, the pace of installation of the
Company's store network, the success of new services and businesses
and the pace of their implementation, the Company's ability to
maintain favorable client relationships, the timing of completion
of the Company's audits, the timing of the completion of the
Company's future SEC filings, the outcome and impact of an ongoing
SEC investigation into certain of the Company's prior fiscal years,
and the outcome and impact of the pending shareholder class action
and derivative lawsuits. DATASOURCE: Catalina Marketing Corporation
CONTACT: Investors, Christopher W. Wolf, Executive Vice President
and Chief Financial Officer, +1-727-579-5218, or Joanne Freiberger,
Vice President, Finance, +1-727-579-5116, or Media Contact, Susan
Gear, Executive Director, Marketing, +1-727-579-5452, all of
Catalina Marketing Web site: http://www.catalinamarketing.com/
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