Cenuco Receives AMEX Extension.LAWRENCEVILLE, N.J. -- Cenuco, Inc. (AMEX AMEX See: American Stock Exchange :ICU ICU intensive care unit. ICU abbr. intensive care unit ICU see intensive care unit. ICU ) announced today that it has advised the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. that Cenuco has made, and continues to make, excellent progress toward fulfillment of the plan previously filed with the Amex to bring the company into compliance with the Amex listing standards. Cenuco advised the Amex that in view of a significant potential transaction that may be consummated within the next week, Cenuco, with the concurrence of its independent auditors, BDO Seidman, LLP LLP - Lower Layer Protocol , has concluded that it would be advisable to delay the filing of the pending Quarterly Report on Form 10-Q Form 10-Q See 10-Q. (the "Form 10-Q") until the end of next week. Cenuco announced that it is presently in discussions to finalize an acquisition agreement that, if consummated, would be Cenuco's first significant strategic transaction. This potential transaction, if consummated, would provide the Company with named brands that are projected to significantly increase annual revenues and could realize significant additional earnings. Agreements for the financing for this potential transaction are being negotiated as well. Cenuco stated that negotiations of the potential acquisition and the financing are continuing and there can be no assurance that any transaction will be consummated or if consummated, the terms of any such transaction. Given the significance of the proposed acquisition and financing, assuming that the transaction is consummated, management of the Company believes the disclosures on the Form 10-Q would be more meaningful with the addition of information finalized at the closing of this transaction. Cenuco's auditors concur with this assessment. Cenuco requested and received a one week extension for the filing of the Form 10-Q. About Lander Lander, the health and beauty care division of the Company is a manufacturer, marketer and distributor of a leading value brand (LANDER) health and beauty care products. The Company also produces private label brands for a limited number of top retailers through its Canadian facility. Lander is a leader in the rapidly growing marketplace for value health and beauty care (HBC HBC a definition for medical records to denote 'hit by car'. ) products - sold in dollar store and value focused retailers such as Wal-Mart and Kmart. http://www.lander-hba.com The Lander brand is recognized as the largest specialty bath brand as reported in 2004 by Information Resources, Inc. (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ), a global provider of market content and business performance management within consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and retail industries. The company is headquartered in Lawrenceville, New Jersey Lawrenceville is a census-designated place and unincorporated area located within Lawrence Township in Mercer County, New Jersey. As of the United States 2000 Census, the CDP population was 4,081. Lawrenceville is located roughly halfway between Princeton and Trenton. . The company operates two manufacturing and distribution facilities, one in Binghamton, New York This article is about the City of Binghamton, New York. For the adjacent Town of Binghamton, see Binghamton (town), New York. Binghamton is a city located in the Southern Tier of New York in the United States. It is the county seat of Broome County. and the other in Toronto, Canada. About Cenuco Cenuco, the wireless technology division of the Company develops wireless and internet based software solutions for transmitting live streaming video, and other targeted content, directly onto cellular phones and remote computers. The Company's technology has applications in a variety of markets. The Company's wireless data technology is primarily focused on wireless video monitoring solutions that allow users to view real-time streaming video of security cameras or video content feeds at their home or place of business from anywhere they receive a cellular connection, regardless of the cellular carrier, user's location, or type of cellular phone or wireless device. Visit http://www.cenuco.com for additional information. Certain statements contained herein, including statements may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements include, without limitation, statements regarding a potential acquisition, projected revenues and earnings, business plans, future regulatory environment and approval and, the Company's ability to comply with the rules and policies of independent regulatory agencies. Although the Company believes the statements contained herein to be accurate as of the date they were made, it can give no assurance that such expectations will prove to be correct. The Company undertakes no obligation to update these forward-looking statements. |
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