S R Telecom (NASDAQ:SRXA)
Historical Stock Chart
From Sep 2019 to Sep 2024
SR Telecom issues Announcement Pursuant to NASDAQ Marketplace
Rule 4350(b)
MONTREAL, May 16 /PRNewswire-FirstCall/ -- SR Telecom Inc. (TSX: SRX; NASDAQ:
SRXA) announced today that its financial statements for the year ended December
31, 2004 contained in its annual report filed on Form 20-F for the year ended
December 31, 2004 as filed with the Securities Exchange Commission included an
audit report containing going concern qualifications from its independent
registered chartered accountants. This announcement is being made in compliance
with NASDAQ Marketplace Rule 4350(b), which requires separate disclosure of
receipt of an audit opinion that contains a going concern qualification. This
announcement does not represent any change or amendment to the Corporation's
2004 financial statements, or its annual report on Form 20-F. The reasons for
the going concern qualifications are set forth in the Corporation's annual
report on Form 20-F for the year ended December 31, 2004 under the caption
"Item 5. Operating and Financial Review and Prospects".
About SR Telecom
SR TELECOM (TSX: SRX, NASDAQ: SRXA) designs, manufactures and deploys
versatile, Broadband Fixed Wireless Access solutions. For over two decades,
carriers have used SR Telecom's products to provide field-proven data and
carrier-class voice services to end-users in both urban and remote areas around
the globe. SR Telecom's products have helped to connect millions of people
throughout the world.
A pioneer in the industry, SR Telecom works closely with carriers to ensure
that its broadband wireless access solutions directly respond to evolving
customer needs. Its turnkey solutions include equipment, network planning,
project management, installation and maintenance.
SR Telecom is a principal member of WiMAX Forum, a cooperative industry
initiative which promotes the deployment of broadband wireless access networks
by using a global standard and certifying interoperability of products and
technologies.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of future
events. Such factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for the
Company's products and services, the impact of price pressures exerted by
competitors, and general market trends or economic changes. As a result,
readers are advised that actual results may differ from expected results.
SR TELECOM, SR500, ANGEL, AIRSTAR, SWING and SYMMETRY are trademarks of SR
Telecom Inc. All rights reserved 2005. All other trademarks are property of
their owners.
DATASOURCE: SR TELECOM INC.
CONTACT: David Adams (Senior Vice-President, Finance and
CFO), (514) 335-4035; Scott Lawrence (Maison Brison), (514) 731-0000,
, http://www.srtelecom.com/