Cyanotech Continues Delay of Fiscal 2007 Financial Results.KAILUA Kailua (käēl  `ə), uninc. city (1990 pop. 36,818), Honolulu co., Hawaii, on the southeastern coast of Oahu, on Kailua Bay. A Univ. KONA, Hawaii -- Cyanotech Corporation (Nasdaq:CYAN)
announced it will not meet today's extended deadline for filing its
Form 10-K Form 10-KA report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. Report with the Securities and Exchange Commission for the fiscal year ended March 31, 2007. The Company, on June 29, 2007, filed Form 12b-25 extending the time to file its Form 10-K. The Company is continuing to work with its registered independent public accountant, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , to resolve possibly material non-cash technical accounting matters. The Company presently believes that it should be able to file Form 10-K by July 30, 2007, but such filing is also dependent upon KPMG's completion of audit procedures. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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 Except for statements of historical fact, the statements in this news release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to, general economic conditions, forecasts of sales in future periods, changes in sales levels to our largest customers, weather patterns, production problems caused by contamination, risks associated with the acceptance of new products, competition, foreign exchange fluctuations, government regulation, and other factors more fully detailed in the Company's recent Form 10-Q Form 10-Q See 10-Q. and annual form 10-K filings with the Securities and Exchange Commission. |
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