Nyfix (NASDAQ:NYFXE)
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NYFIX Affirms Previously Announced Delay in Filing Quarterly
Report on Form 10-Q and Expectation of Filing in a Few Days
STAMFORD, Conn., May 26 /PRNewswire-FirstCall/ -- NYFIX, Inc. , a leader in
technology solutions for the financial marketplace, today affirmed, as it had
previously announced on May 17, 2004, that there will be a delay in filing its
quarterly report on Form 10-Q for the quarter ending March 31, 2004, originally
due May 10, 2004. However, as also previously announced, the Company expects
to file its Form 10-Q and its Annual Report on Form 10-K for the year ended
December 31, 2003 in the next few days.
As previously announced, the Company has appealed a notification by Nasdaq of
noncompliance with Nasdaq's listing requirements because the Company had not
timely filed its 2003 Form 10-K. Nasdaq notified the Company on May 19, 2004
that the Company is not in compliance with the Nasdaq listing requirements
(Marketplace Rule 4310(c)(14)) because the Company had not timely filed its
Form 10-Q and will consider such noncompliance in rendering its decision. The
Company has requested an extension to May 30, 2004 to meet the Nasdaq listing
requirements and is awaiting a decision on its request.
Upon completion of the Company's filings, the Company expects it will be in
compliance with its SEC reporting obligations, at which time the Company will
request that Nasdaq dismiss the pending delisting action against the Company
and permit the Company's common stock to resume trading on the Nasdaq National
Market System under the symbol NYFX.
About NYFIX, Inc.
NYFIX, Inc. is an established provider to the domestic and international
financial markets of trading workstations, middle-office trade automation
technologies and trade communication technologies. Our NYFIX Network is one of
the industry's largest networks, connecting broker-dealers, institutions and
exchanges. In addition to our headquarters in Stamford, we have offices on Wall
Street in New York City, in London's Financial District, in Chicago, and in San
Francisco. We operate three data centers in the northeastern United States and
data center hubs in London and Amsterdam. For more information, please visit
http://www.nyfix.com/ and http://www.javtech.com/.
This press release contains certain 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, which are intended to
be covered by the safe harbors created thereby. Investors are cautioned that
all forward-looking statements involve risks and uncertainty, including without
limitation, the ability of the Company to market and develop its products.
Although the Company believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any of the
assumptions could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the forward-
looking statements included herein, the inclusion of such information should
not be regarded as a representation by the Company or any other person that the
objectives and plans of the Company will be achieved.
DATASOURCE: NYFIX, Inc.
CONTACT: Jennifer Carberry of NYFIX, Inc., +1-203-425-8000 or
Web site: http://www.nyfix.com/
http://www.javtech.com/