Cenuco (AMEX:ICU)
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Cenuco, Inc. (AMEX:ICU) announced today that it has
delayed the filing of financial statements in connection with Item
9.01 of the Current Report on Form 8-K filed by the Company on May 26,
2005 and completion of its Quarterly Report on Form 10-Q filed by the
Company on July 18, 2005. The delay is the result of the scope of
audit work related to a 3 month period from March 1,2003-May 28,2003
that is currently being reviewed by the Company's newly appointed
independent public auditors. Significant additional time and effort
has been required to obtain and analyze this historic information
which had never previously been audited.
As a result of the filing delays, the American Stock Exchange
("AMEX") has notified the Company that the Company is not in
compliance with its listing requirements and has requested a response
setting forth the efforts being made to make the appropriate filings.
Brian J. Geiger, the Chief Financial Officer of the Company, stated
that the Company expects to regain compliance by filing its financials
as soon as the review has been completed.
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 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 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.