Cenuco Receives Letter from AMEX Accepting Plan of Action.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 that it received a letter from 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. ("AMEX"), advising that AMEX had accepted the Company's Plan of Action to bring it back into compliance with the Exchange's listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . The Company is currently not in compliance with the continued listing standards of the Exchange as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. and financial statements required by a Current Report on Form 8-K (the "SEC Filings") with the Securities and Exchange Commission (the "SEC"), but under this accepted Plan of Action, listing is being continued. The targeted completion dates are September 30, 2005 for the Form 10-Q and October 31, 2005 for the Form 8-K. The delay is the result of the scope of audit work related to a 3 month period from March 1, 2003-May 28, 2003, during which the business to be audited was owned by a third party, that had never been audited and is currently being reviewed. Significant additional time and effort has been required to obtain and analyze this historic information. The Company expects to regain compliance by filing its financials as soon as the review has been completed. 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 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 Wireless 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 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 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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