Flow International Receives Nasdaq Notice Related to Late 10-Q Filing
September 27 2005 - 5:29PM
PR Newswire (US)
KENT, Wash., Sept. 27 /PRNewswire-FirstCall/ -- Flow International
Corporation (NASDAQ:FLOWE), the world's leading supplier of
ultrahigh-pressure waterjet products, today announced that on
September 22, 2005, the Company received notification from Nasdaq
that it was not in compliance with Nasdaq Rule 4310(c)(14) because
the Company had not filed its 10-Q for the quarter ended July 31,
2005 in a timely manner. The Company has requested a hearing on
Nasdaq's intention to delist the Company's common stock on
September 30, 2005 as a result of the delinquency in filing the
10-Q. The request for the hearing will stay the delisting until a
decision is made after the hearing, however, there can be no
assurance that the NASDAQ Listings Qualifications Panel will grant
the Company's request for continued listing. At this point, the
Company does not have a schedule for filing the 10-Q, but it will
file it as soon as it is able to do so and will devote all
necessary resources to filing as soon as possible. At this point,
the Company does not expect its shares to be delisted. As a result
of the Company's filing delinquency, the letter "e" has been added
to the Company's trading symbol. About Flow International Flow
International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet technology for cutting,
cleaning, and food safety applications, providing state-of-the-art
ultrahigh-pressure (UHP) technology to industries including
automotive, aerospace, job shop, surface preparation, food and
more. For more information, visit http://www.flowcorp.com/.
Contact: John Leness General Counsel 253-850-3500 DATASOURCE: Flow
International Corporation CONTACT: John Leness, General Counsel of
Flow International, +1-253-850-3500 Web site:
http://www.flowcorp.com/
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