Arden Group, Inc. Notifies SEC of Late Filing.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 13, 2003 Arden Group, Inc. (Nasdaq:ARDNA) announced today that it has notified the Securities and Exchange Commission that its Form 10-Q Form 10-Q See 10-Q. for the quarterly period ending June 28, 2003, otherwise due Tuesday, Aug. 12, 2003, will be filed on or before Monday, Aug. 18, 2003. The additional time is necessary to allow the Company time to complete its review of the prior and current accounting treatment of the Company's rental expenses with respect to a limited number of leases with increasing base rentals. The Company believes that changes to its financial statements, if any, would be limited to non-cash adjustments relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc rent accruals Accruals Accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These accounts include, among many others, accounts payable, accounts receivable, goodwill, future tax liability and future interest expense. . 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. " that are based on current expectations and beliefs as well as assumptions made by, and information currently available to, the Company and are subject to risks, uncertainty and changes in circumstances which may cause actual results to differ materially. The words "anticipate," "believes," "expected," "may" and similar expressions are generally intended to identify forward-looking statements. Actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially is included in the Company's 10-K for fiscal 2002 as filed with the SEC. Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . |
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