Appointment of Interim CEO Creates Audit Committee Opening
2006年10月20日 - 6:53AM
PRニュース・ワイアー (英語)
Saflink Receives Letter From Nasdaq Regarding Audit Committee
Requirement KIRKLAND, Wash., Oct. 19 /PRNewswire-FirstCall/ --
Saflink(R) Corporation (NASDAQ:SFLK) a leading provider of
solutions for secure access, identity assurance and productivity
announced today that as a result of the appointment of Steve Oyer,
who has been serving as chairman of the audit committee, to the
role of interim Chief Executive Officer, Saflink no longer is in
compliance with Nasdaq's audit committee requirements as set forth
in Marketplace Rule 4350. Mr. Oyer's new role negated his
"independent" status, which is a requirement for serving on the
audit committee. Saflink received a letter from Nasdaq, dated
October 11, 2006, confirming that Saflink was out of compliance
with Rule 4350, but will be provided with a cure period to regain
compliance through the appointment of a qualified candidate, from
the current board or external candidates, no later than March 27,
2007. Jon Engman, Saflink's CFO commented, "The notice does not
change Saflink's filing or listing status at this time. We are
confident that Saflink will be able to comply with Marketplace Rule
4350 during the cure period provided by Nasdaq." About Saflink
Saflink Corporation offers biometric security and smart card
solutions that protect intellectual property, secure information
and eliminate passwords. Saflink identity assurance management
solutions allow administrators to verify the identity of users and
control their access to computer networks, facilities and
applications. Winner of seven awards in 2005, Saflink and its
solutions have been recognized by organizations such as Frost &
Sullivan and Software Magazine's Software 500. For more
information, please visit http://www.saflink.com/ or call
800-762-9595. NOTE: "Saflink" is a registered trademark of Saflink
Corporation. "Nasdaq" is a registered trademark of The NASDAQ Stock
Market, Inc. This release contains information about management's
view of Saflink's future expectations, plans and prospects that
constitute forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995. For example, Saflink's expected ability to regain
compliance with the Nasdaq audit committee composition requirement.
Actual results may differ materially from historical results or
those indicated by these forward-looking statements as a result of
a variety of factors and are subject to certain assumptions, risks,
uncertainties and changes in circumstances. If Saflink is unable to
regain compliance with the Nasdaq audit committee composition
requirement its stock will be delisted from the Nasdaq Capital
Market. Other risks and uncertainties include, but are not limited
to, risks and uncertainties associated with Saflink's financial
condition, its ability to sell its products, its ability to compete
with competitors and the growth of the security market, and those
described in its most recent Quarterly Report on Form 10-Q and its
most recent Annual Report on Form 10-K, as well as other documents
periodically filed with the Securities and Exchange Commission.
DATASOURCE: Saflink Corporation CONTACT: media, Katie James of
Sterling Communications, +1-206-388-5758, or , for Saflink; or
investors, Tony Schor of Investor Awareness, Inc., +1-847-945-2222,
or , for Saflink Web site: http://www.saflink.com/
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