Mercury Air (AMEX:MAX)
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Mercury Air Group, Inc. Announces Delay in Filing of Form 10-Q
LOS ANGELES, May 24 /PRNewswire-FirstCall/ -- Mercury Air Group, Inc.
(AMEX:MAX) announced today that it would require additional time to file its
Quarterly Report on Form 10-Q for the third fiscal quarter ended March 31,
2005.
In connection with a review of its third fiscal quarter financial statements,
the Company is conducting a review of the accounting of its Long Beach FBO
operations, delaying the closing of the books and records of the Company. It
is not anticipated that the review will have a material impact on the Company's
financial position.
Mercury previously received an automatic 5-day extension for the filing of its
Form 10-Q for the third fiscal quarter of 2005 pursuant to Rule 12b-25. As a
result of the expiration of the 5-day extension, the Company will request from
the American Stock Exchange a further extension for compliance under Section
1101 of the AMEX Company Guide.
About Mercury Air Group
Los Angeles-based Mercury Air Group (AMEX:MAX) provides aviation petroleum
products, air cargo services and transportation, and support services for
international and domestic commercial airlines, general and government aircraft
and specialized contract services for the United States government. Mercury
Air Group operates three business segments worldwide: MercFuel, Inc., Maytag
Aircraft Corporation and Mercury Air Cargo, Inc. For more information, please
visit http://www.mercuryairgroup.com/.
Certain statements contained in this news release which are not historical
facts are forward-looking statements as that item is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ
materially from estimated results. Such risks and uncertainties are detailed
in the Company's filings with the Securities and Exchange Commission. The
Company intends these forward-looking statements to speak only as of the time
of the news release and does not undertake to update or revise them, as more
information becomes available.
Contact: Kent Rosenthal
(310) 827-2737
DATASOURCE: Mercury Air Group
CONTACT: Kent Rosenthal of Mercury Air Group, +1-310-827-2737
Web site: http://www.mercuryairgroup.com/