NYFXE Nyfix (MM)

NYFIX to Delay Filing of Its First Quarter 2005 Report on Form 10-Q STAMFORD, Conn., May 10 /PRNewswire-FirstCall/ -- NYFIX, Inc. (NASDAQ:NYFXE), a leader in technology solutions for the financial marketplace, today announced that it will delay the filing of its first quarter 2005 report on Form 10-Q for the quarter ended March 31, 2005 currently due May 10, 2005. As previously announced by the Company, the delay is a result of its expectation to restate its audited financial statements after a review of previously issued stock options. The Company is in the process of restating its audited financials for the years ended December 31, 2003 and 2002 included in its 2004 Annual Report on Form 10-K and is evaluating whether it needs to restate its unaudited results for the first three quarters of 2004. Inasmuch as the adjustments primarily relate to non-cash items, the resulting restatement will have no material effect on the Company's current cash position or cash flows from operations. The Company intends to exercise its best efforts to resolve the outstanding items and file its first quarter 2005 Report on Form 10-Q as soon as possible. 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 redundant data centers in the northeastern United States with additional data center hubs in London, Amsterdam, Hong Kong and Tokyo. 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, Web site: http://www.nyfix.com/

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