Actuate to Appeal Nasdaq Notice.Business Editors SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BUSINESS WIRE)--June 3, 2003 Actuate Corporation (Nasdaq:ACTUE), the world leader in scalable Business Intelligence Applications, today announced that following the delayed filing of its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the first quarter of 2003, it received a Nasdaq Staff Determination on May 27, 2003 indicating that Actuate has failed to comply with Marketplace Rule 4310(c)(14) which requires the timely filing of quarterly and annual reports with the Securities and Exchange Commission and therefore is subject to delisting from the Nasdaq National Market. Actuate has requested a hearing before a Nasdaq Listings Qualification Panel to review the Staff Determination. During the appeal process, Actuate's securities will continue to be listed on the Nasdaq with the fifth character "E" appended, which temporarily changes Actuate's trading symbol Trading symbol See: Ticker symbol from ACTU ACTU Australian Council of Trade Unions ACTU AIDS Clinical Trials Unit (Washington University Medical Center, St. Louis, Missouri) ACTU Association of Catholic Trade Unionists ACTU Australian Capital Territory Union to ACTUE. Actuate's Audit Committee and independent auditors are in the process of completing an accounting review of selected sales contracts. Actuate's management is working closely with the company's independent auditors to expedite the filing of the company's 10-Q. About Actuate Corporation Actuate Corporation is the world leader in scalable Business Intelligence Applications. Actuate's Information Application Platform is the foundation on which Global 9000 organizations (companies with annual revenues greater than $1 billion) and packaged application software vendors create Business Performance Management (BPM) dashboards, Information Portals as well as business analytic, enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. and spreadsheet reporting applications. Information Applications built with Actuate can empower 100 percent of an organization's user community inside and outside the firewall, and thereby allow companies to increase their business agility, improve customer and partner relationships, adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. policies, and increase revenues while leveraging existing technology assets. When tested against other alternatives, Actuate's Information Application Platform has been proven to offer the best performance, highest scale and lowest Total Cost of Ownership. Actuate has over 2,000 direct customers and 300 OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , pharmaceutical, insurance, logistics and government industries among other sectors. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has offices worldwide. For more information on Actuate, visit the company's Web site at http://www.actuate.com. The statements contained in this release that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding Actuate's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements in this release are based upon information available to Actuate as of the date hereof, and Actuate assumes no obligation to update any such forward-looking statements. Actual results could differ materially from Actuate's current expectations. Actuate is a registered trademark of Actuate Corporation. Other company names and trademarks are trademarks of their respective companies. |
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