Wilshire Enterprises, Inc. Announces Delay in Filing of 2006 10-K
2007年4月19日 - 6:01AM
PRニュース・ワイアー (英語)
NEWARK, N.J., April 18 /PRNewswire-FirstCall/ -- Wilshire
Enterprises, Inc. ("Wilshire" or the "Company") (AMEX:WOC) today
announced that its Annual Report on Form 10-K for the year ended
December 31, 2006 would not be filed on a timely basis. The Company
indicated that it was taking longer than expected to finalize its
2006 financial statements. The Company expects to file the 10-K
with the SEC by April 30, 2007. The Company currently expects that
its 2006 financial statements, when finalized, will reflect
revenues of $8.8 million (as compared to revenues of $8.2 million
for 2005), a loss from continuing operations of $1.0 million (as
compared to a loss from continuing operations of $0.6 million for
2005), net income of $2.3 million (as compared to net income of
$6.9 million for 2005) and diluted net income per share of $0.28
(as compared to diluted net income per share of $0.86 for 2005).
About Wilshire Enterprises Wilshire is engaged primarily in the
ownership and management of real estate investments in the United
States including Arizona, Florida, Texas and New Jersey.
FORWARD-LOOKING STATEMENT: The non-historical statements in this
press release (including the anticipated 2006 financial information
concerning the Company) are "forward- looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to several risks
and uncertainties that could cause actual results to differ
materially from such statements. Such risks and uncertainties
include uncertainties inherent in any analysis of business
transactions, including the impact of market, economic and
competitive conditions on the Company and others, as well as other
risks and uncertainties disclosed in the Company's 2005 Form 10-K
filed with the Securities and Exchange Commission. Company Contact:
Sherry Wilzig Izak, Chairman, 201-420-2796 Agency Contact: Neil
Berkman, Berkman Associates, 310-826-5051 DATASOURCE: Wilshire
Enterprises, Inc. CONTACT: Sherry Wilzig Izak, Chairman of Wilshire
Enterprises, Inc., +1-201-420-2796; or Neil Berkman of Berkman
Associates, +1-310-826-5051, for Wilshire Enterprises, Inc.
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