Accredited Receives Additional NASDAQ Notice.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Home Lenders Holding Co. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LEND) ("Accredited" or "Company") announced today that the Company received an additional deficiency notice from NASDAQ Listing Qualifications Staff on May 14, 2007 due to the delay in the filing of the Company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2007, as required by NASDAQ Marketplace Rule 4310(c)(14). The notice was required by NASDAQ rules due to the Company's announcement on May 11, 2007 that it will not file its Form 10-Q prior to the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the 12b-25 extension period. As previously announced, Accredited received a notice of non-compliance from NASDAQ on March 16, 2007 because of the delay in the filing of the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2006. In response to that notice, Accredited requested a hearing before a NASDAQ Listing Qualifications Panel. At the hearing, which was held on May 3, 2007, the Company presented its plan to regain compliance with NASDAQ's filing requirement. The NASDAQ Listing Qualifications Panel has not rendered a determination in this matter to date. NASDAQ has provided Accredited with the opportunity to make a submission in response to the most recent notice by May 21, 2007. The Company intends to provide a timely submission to NASDAQ for its review. About Accredited Accredited Home Lenders Holding Co. is a mortgage company operating throughout the U.S. and in Canada. Accredited originates, finances, securitizes, services, and sells non-prime mortgage loans secured by residential real estate. Founded in 1990, the company is headquartered in San Diego. Additional information may be found at www.accredhome.com. Forward Looking Statements This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's continued listing on NASDAQ. These forward-looking statements involve a number of risks and uncertainties, including the Company's ability to complete its 2006 audit, file its annual report on Form 10-K for the year ended December 31, 2006 and quarterly report on Form 10-Q for the quarter ended March 31, 2007, make other required filings with NASDAQ, the Securities and Exchange Commission and other regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities , and other risk factors as outlined in Accredited Home Lenders Holding Co.'s annual report on Form 10-K for the year ended December 31, 2005, its reports on Form 10-Q for the first, second and third quarters of 2006, and other documents filed by the Company with the Securities and Exchange Commission. These and other factors could cause the Company's actual results to differ materially from what it projects or contemplates in its forward-looking statements. The Company cautions readers that the non-prime mortgage industry and the Company's business are subject to numerous significant risks and uncertainties. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion