MADISON HEIGHTS, Mich.,
Nov. 28, 2016 /PRNewswire/
-- InfuSystem Holdings, Inc. (NYSE MKT: INFU) (the "Company"),
a leading national provider of infusion pumps and related services
for the healthcare industry in the United
States, today announced receipt of notification from the
NYSE MKT LLC (the "NYSE MKT") that the Company is not in compliance
with the continued listing standards as set forth in Sections 134
and 1101 of the NYSE MKT Company Guide as a result of the Company's
delay in filing its Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2016 (the
"Form 10-Q"). On November 15,
2016, the Company filed a Notification of Late Filing on
Form 12b-25 indicating that the filing of the Form 10-Q will be
delayed until after the completion of a restatement of the
Company's previously-filed financial statements included in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2015 and in its
Quarterly Reports on Form 10-Q for the fiscal quarters ended
March 31, 2016 and June 30, 2016.
In order to maintain its listing, the Company must submit a plan
of compliance by December 22, 2016
addressing how it intends to regain compliance with Sections 134
and 1101 of the NYSE MKT Company Guide by February 22, 2017. If the plan is accepted,
the Company may be able to continue its listing but will be subject
to periodic reviews by the NYSE MKT. If the plan is not
accepted or if it is accepted but the Company is not in compliance
with the continued listing standards by February 22, 2017, of if the Company does not
make progress consistent with the plan, the NYSE MKT may commence
delisting procedures.
The Company's management and its independent registered
accounting firm continue to work diligently to complete the
restated financial statements, and the Company intends to regain
compliance with the NYSE MKT's filing requirements.
The Company intends to file amendments to its Annual Report on
Form 10-K for the fiscal year ended December
31, 2015 and Quarterly Reports on Form 10-Q for the fiscal
quarters ended March 31, 2016 and
June 30, 2016 and the Form 10-Q as
soon as practicable.
About InfuSystem Holdings, Inc.
InfuSystem Holdings, Inc. is a leading provider of infusion
pumps and related services to hospitals, oncology practices and
other alternate site healthcare providers. Headquartered in
Madison Heights, Michigan, the
Company delivers local, field-based customer support and also
operates Centers of Excellence in Michigan, Kansas, California, Texas, Georgia and Ontario,
Canada. The Company's stock is traded on the NYSE MKT under
the symbol INFU.
Forward-Looking Statements
Certain statements contained in this press release are
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. The words "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"should," "plan," "expect," "strategy," "future," "likely,"
variations of such words, and other similar expressions, as they
relate to the Company, are intended to identify forward-looking
statements. However, the absence of these words or similar
expressions does not mean that a statement is not forward-looking.
Forward-looking statements in this report include those regarding:
(a) the Company's expectations to file restated financial
statements; and (b) the Company's expectations to regain compliance
with the NYSE MKT's filing requirements.
Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. The estimates and
assumptions of the Company contained in this press release which
may prove to be incorrect, include but are not limited to, the
various assumptions set forth herein. These assumptions may prove
to be incorrect in whole or in part. The forward-looking
information set forth in this press release is subject to various
assumptions, risks, uncertainties and other factors that are
difficult to predict and which could cause actual results to differ
materially from those expressed or implied in the forward-looking
information. The Company disclaims any intention or obligation to
update or revise any forward-looking statements to reflect
subsequent events and circumstances, except to the extent required
by applicable law.
CONTACT:
|
Joe Dorame, Joe Diaz
& Robert Blum
|
|
Lytham Partners,
LLC
|
|
602-889-9700
|
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SOURCE InfuSystem Holdings, Inc.