Cenuco Receives AMEX Extension
2005年10月1日 - 6:00AM
ビジネスワイヤ(英語)
Cenuco, Inc. (AMEX:ICU) announced today that it has advised the
American Stock Exchange that Cenuco has made, and continues to
make, excellent progress toward fulfillment of the plan previously
filed with the Amex to bring the company into compliance with the
Amex listing standards. Cenuco advised the Amex that in view of a
significant potential transaction that may be consummated within
the next week, Cenuco, with the concurrence of its independent
auditors, BDO Seidman, LLP, has concluded that it would be
advisable to delay the filing of the pending Quarterly Report on
Form 10-Q (the "Form 10-Q") until the end of next week. Cenuco
announced that it is presently in discussions to finalize an
acquisition agreement that, if consummated, would be Cenuco's first
significant strategic transaction. This potential transaction, if
consummated, would provide the Company with named brands that are
projected to significantly increase annual revenues and could
realize significant additional earnings. Agreements for the
financing for this potential transaction are being negotiated as
well. Cenuco stated that negotiations of the potential acquisition
and the financing are continuing and there can be no assurance that
any transaction will be consummated or if consummated, the terms of
any such transaction. Given the significance of the proposed
acquisition and financing, assuming that the transaction is
consummated, management of the Company believes the disclosures on
the Form 10-Q would be more meaningful with the addition of
information finalized at the closing of this transaction. Cenuco's
auditors concur with this assessment. Cenuco requested and received
a one week extension for the filing of the Form 10-Q. About Lander
Lander, the health and beauty care division of the Company is a
manufacturer, marketer and distributor of a leading value brand
(LANDER) health and beauty care products. The Company also produces
private label brands for a limited number of top retailers through
its Canadian facility. Lander is a leader in the rapidly growing
marketplace for value health and beauty care (HBC) products - sold
in dollar store and value focused retailers such as Wal-Mart and
Kmart. http://www.lander-hba.com The Lander brand is recognized as
the largest specialty bath brand as reported in 2004 by Information
Resources, Inc. (IRI), a global provider of market content and
business performance management within consumer goods and retail
industries. The company is headquartered in Lawrenceville, New
Jersey. The company operates two manufacturing and distribution
facilities, one in Binghamton, New York and the other in Toronto,
Canada. About Cenuco Cenuco, the wireless technology division of
the Company develops wireless and internet based software solutions
for transmitting live streaming video, and other targeted content,
directly onto cellular phones and remote computers. The Company's
technology has applications in a variety of markets. The Company's
wireless data technology is primarily focused on wireless video
monitoring solutions that allow users to view real-time streaming
video of security cameras or video content feeds at their home or
place of business from anywhere they receive a cellular connection,
regardless of the cellular carrier, user's location, or type of
cellular phone or wireless device. Visit http://www.cenuco.com for
additional information. Certain statements contained herein,
including statements may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933,
21E of the Exchange Act of 1934 and/or the Private Securities
Litigation Reform Act of 1995. Such statements include, without
limitation, statements regarding a potential acquisition, projected
revenues and earnings, business plans, future regulatory
environment and approval and, the Company's ability to comply with
the rules and policies of independent regulatory agencies. Although
the Company believes the statements contained herein to be accurate
as of the date they were made, it can give no assurance that such
expectations will prove to be correct. The Company undertakes no
obligation to update these forward-looking statements.
Cenuco (AMEX:ICU)
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Cenuco (AMEX:ICU)
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