Coretec Announces Delay in Release of Fourth Quarter and Year 2004 Financial Results.TORONTO -- Coretec Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CYY) announced today that it will delay the scheduled release of its financial results for the fourth quarter and year 2004 pending analysis of the accounting treatment of certain unrealized income tax recoveries related to prior periods. As a result, the Company has also cancelled the conference call to discuss the financial results scheduled for March 4, 2005 at 8:30 EST EST electroshock therapy. EST abbr. electroshock therapy . The Company anticipates the accounting treatment of the recoveries, if any, will be finalized See finalization. within a week and will advise as to the rescheduled earnings release date as soon as practicable. The delay in the release of the Company's financial results is not due to any material difference between management and the Company's auditors on matters of presentation in the 2004 annual financial statements. Coretec is one of the leading fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board service solutions, including highly engineered design, advanced prototyping and quick turnaround production. This news release may include statements about future expectations, plans and prospects that may constitute 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. . Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results or developments may vary materially from those projected or implied in the forward-looking statements as a result of any number of factors, including currency exchange rate fluctuations; variability of operating results; dependence on certain industries; management of growth and expansion; integration of operations; ability to attract and retain key personnel; nature of sales; product complexity and product defects; international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; material cost fluctuations and limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of raw materials; potential loss of customers; competition; industry contraction and slow economic growth; technological change and process development; environmental liability; need for additional financing; product liability; pricing pressure; ability to reduce costs; and other risks listed in Coretec's public disclosure documents and other filings with securities 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 found at www.sedar.com. Additional information about Coretec Inc. is available at www.coretec-inc.com. Coretec Inc. (TSX:CYY) |
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