Notícias
Noviembre 2004
Extended Systems anuncia que ha recibido la notificación de supresión de Nasdaq (inglés)
Extended Systems Incorporated (NASDAQ: XTND), a leading provider of mobile application solutions for the enterprise, announced that it received on November 17, 2004 a Nasdaq Staff Determination indicating its securities are subject to delisting from The Nasdaq National Market at the opening of business on November 29, 2004. The Company’s recently filed Quarterly Report on Form 10-Q contained interim financial statements that had not been reviewed by an independent accountant; as such, the filing is incomplete and the Company fails to comply with the requirements for continued listing set forth in Marketplace Rule 4310(c)(14).
The Company intends to appeal Staff’s determination by requesting a hearing before a Nasdaq Listing Qualifications Panel (“the Panel”). The Company’s stock will continue to be listed while the appeal is pending. Effective November 19, 2004, the fifth character “E” will be added to the Company’s trading symbol so that it will be changed from XTND to XTNDE. There can be no assurance that the Company’s request for continued listing during the period it seeks to retain an independent accountant and complete the review of its interim financial statements for the quarter ended September 30, 2004 will be granted
As previously announced by the Company, on October 28, 2004 its registered independent public accounting firm, Deloitte & Touche LLP (“Deloitte”), informed the Company they are not independent and cannot perform audit and quarterly review services for the fiscal year ending June 30, 2005, because one of Deloitte’s member firms had rendered de minimis services for the Company. Due to the timing of Deloitte’s withdrawal from the engagement, the Company was not able to engage an independent registered public accounting firm to complete a review of the Company’s interim financial statements before the Company’s Quarterly Report on Form 10-Q was required to be filed on November 15, 2004. The Company has not yet engaged an independent registered public accounting firm to replace Deloitte, but is actively engaged in discussions with several candidates.