GlowPoint Receives Nasdaq Notification
2005年8月18日 - 10:00PM
ビジネスワイヤ(英語)
Glowpoint, Inc., (NASDAQ: GLOWE) the world's leading broadcast
quality IP-based video communications service provider, today
announced that because the Company has not yet filed its Quarterly
Report on Form 10-Q for its quarter ended June 30, 2005, it
received on August 16, 2005 a Nasdaq Staff Notification stating
that the Company is not in compliance with Nasdaq's Marketplace
Rule 4310(c)(14), and that its securities are, therefore, subject
to delisting from the Nasdaq National Market. The delisting
notification is standard procedure when a Nasdaq listed company
fails to complete a required filing in a timely manner. As
previously announced, Glowpoint's Audit Committee has begun an
independent review of certain financial accounting matters
affecting previously reported financial information, requiring the
Company to restate certain financial statements. The restatement is
expected to relate to transactions that principally occurred when
the Company was primarily a reseller of video conferencing
equipment. The restatement items that have been identified to date
generally involve the capitalization of costs associated with
purchases of video conferencing equipment, telecommunications
circuits used in the Company's network and third party software
that should have been expensed. In accordance with Nasdaq rules,
Glowpoint intends to request a hearing before a Nasdaq Listing
Qualifications Panel for continued listing on the Nasdaq Stock
Market. Pending a decision by the Panel, the Company's securities
will remain listed on Nasdaq. There can be no assurance the Panel
will grant the Company's request for continued listing.
Additionally, Nasdaq's notification stated that at the opening of
business on August 18, 2005 it will add an "E" to the end of the
Company's ticker symbol until the Company has fulfilled its SEC
reporting obligation. As such, starting at the opening of business
on August 18, 2005, Glowpoint will trade under the ticker symbol
"GLOWE." We are working diligently to complete the restatement
process and become current with our SEC filings; however, since our
review is ongoing, we cannot at this time provide dates for
announcing financial results for the quarter ended June 30, 2005,
or for the filing of our Form 10-Q. About GlowPoint Glowpoint, Inc.
(NASDAQ: GLOWE) is the world's leading broadcast quality, IP-based
video communications service provider. GlowPoint offers video
conferencing, bridging and IP broadcasting services to enterprises,
SOHOs, broadcasters and consumers worldwide. The GlowPoint network
spans three continents and has carried over 23 million IP video
minutes, with an average of more than 20,000 video calls per month
worldwide. GlowPoint is headquartered in Hillside, New Jersey. To
learn more about GlowPoint, visit us at www.glowpoint.com. The
statements contained herein, other than historical information, are
or may be deemed to be forward-looking statements and involve
factors, risks and uncertainties that may cause actual results in
future periods to differ materially from such statements. These
factors, risks and uncertainties include market acceptance and
availability of new video communication services; the nonexclusive
and terminable-at-will nature of sales agent agreements; rapid
technological change affecting demand for our services; competition
from other video communications service providers; and the
availability of sufficient financial resources to enable us to
expand our operations, as well as other risks detailed from time to
time in the our filings with the Securities and Exchange
Commission. "GlowPoint" is a registered trademark or service mark
of Glowpoint, Inc. in the United States and certain foreign
countries.
Glowpoint (NASDAQ:GLOWE)
過去 株価チャート
から 9 2024 まで 10 2024
Glowpoint (NASDAQ:GLOWE)
過去 株価チャート
から 10 2023 まで 10 2024
Real-Time news about Glowpoint (MM) (ナスダック市場): 0 recent articles
その他のGlowpoint, Inc.ニュース記事