Matrixone (NASDAQ:MONEE)
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MatrixOne, Inc. (NASDAQ: MONEE), a leading provider of
collaborative product lifecycle management (PLM) solutions for the
value chain(TM), today announced that the filing of its Annual Report
on Form 10-K for the fiscal year ended July 2, 2005 will be delayed
beyond the Securities and Exchange Commission's filing deadline of
September 15, 2005 to provide additional time to complete the
previously announced review of the Company's revenue recognition
practices and restatement of previously reported financial results.
Subject to the completion of the review and restatement, the Company
presently expects to complete and file its periodic reports for the
quarter ended April 2, 2005 and the fiscal year ended July 2, 2005 by
September 30, 2005. As previously disclosed, NASDAQ has granted the
Company an extension until September 30, 2005 to file these periodic
reports. Upon the filing of these periodic reports, the Company
expects to be in compliance with NASDAQ's requirements for continued
listing.
About MatrixOne
MatrixOne, Inc. (NASDAQ: MONEE), a leading global provider of
product lifecycle management (PLM) software and services, enables
companies to accelerate product innovation to achieve top line revenue
growth and improve bottom line profitability. With world-class PLM
solutions and a commitment to customer success, MatrixOne is focused
on helping companies across the automotive, aerospace & defense,
consumer, machinery, medical device, semiconductor and high-tech
industries solve their most challenging new product development and
introduction problems. More than 800 companies use MatrixOne's
solutions to drive business value and gain a competitive advantage,
including industry leaders such as BAE Systems, Bosch, Comau, General
Electric, Honda, Johnson Controls, Linde AG, NCR, Nokia, Philips,
Porsche, Procter & Gamble, Sony Ericsson, STMicroelectronics and
Toshiba. MatrixOne (www.matrixone.com) is headquartered in Westford,
Massachusetts, with locations throughout North America, Europe and
Asia-Pacific.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 - Forward-looking statements in this release do not
constitute guarantees of future performance. Such forward-looking
statements are subject to risks and uncertainties that could cause our
actual results to differ materially from those anticipated. Such
statements relate, among other things, to the expected impact of the
restatement on our financial and operating results as restated. The
risks and uncertainties that may affect forward-looking statements
include, among others: the risk of the delisting of our common stock
on the NASDAQ Stock Market, unforeseen issues encountered in the
review of our revenue recognition practices and the completion of our
quarterly financial review and audit for the fiscal year ended July 2,
2005 which may change the expected adjustments described herein. For a
more detailed discussion of the risks and uncertainties of our
business, please refer to our periodic reports and registration
statements filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the fiscal year ended
July 3, 2004, our Registration Statement on Form S-3 filed on
September 29, 2004 as amended, and our Quarterly Report on Form 10-Q
for the fiscal quarter ended January 1, 2005. However, the financial
statements and other financial information therein may not be relied
upon until the restatement process and related audit are completed.
The forward-looking statements included in this press release
represent our views as of the date of this press release. We
anticipate that subsequent events and developments may cause our views
to change. We assume no obligation to update any forward-looking
information contained in this press release or with respect to the
announcements described herein.
MatrixOne and the MatrixOne logo are registered trademarks, and "a
leading provider of collaborative product lifecycle management (PLM)
solutions for the value chain" is a trademark of MatrixOne, Inc. All
other trademarks and service marks are the property of their
respective owners.