eLinear, Inc. Announces Extension in Filing Its Form 10-KSB for the Year Ended December 31, 2005
03 Abril 2006 - 3:31PM
Business Wire
eLinear, Inc. (AMEX:ELU) announced today that it has filed a
request with the Securities and Exchange Commission for a 15-day
extension to file its annual report on Form 10-KSB for the year
ended December 31, 2005. The filing is being delayed while the
company applies accounting adjustments to the quarter ended
December 31, 2005, which has resulted from recent restatements of
its previously filed Form 10-KSB for the year ended December 31,
2004 and its Forms 10-QSB for the quarters ended March 31, 2005 and
2004, June 30, 2005 and 2004 and September 30, 2004. The company
has begun filing all of its amended filings requested by the SEC
staff on April 3, 2006, to ensure compliance with the AMEX listing
requirements. The restatements were required by the new SEC
position that requires application of EITF 00-19 and SFAS 133 to
certain convertible warrants and debentures issued over the last
two years. The Company expects to file its Form 10-KSB for the year
ended December 31, 2005, no later than the end of the 15-day
extension. Filings completed in this manner are considered to be
timely filed by the American Stock Exchange and the Securities
Exchange Commission. About eLinear, Inc. eLinear, Inc. is a
communications, security and compliance company providing
integrated technology solutions including information and physical
security, IP Telephony and network and storage solutions
infrastructure. Typically, the company's customers are Fortune 2000
and small to medium sized business organizations. eLinear's
services are offered to companies seeking to increase productivity
or reduce costs through investing in technology. eLinear has a
national and international footprint and has its headquarters in
Houston, Texas. For more information, see http://www.elinear.com.
Safe Harbor Statement This press release contains statements that
may constitute forward-looking statements, including the company's
ability to realize the projected revenues from the newly announced
project orders and the future strength of the company's business
and industry. These statements are based on current expectations
and assumptions and involve a number of uncertainties and risks
that could cause actual results to differ materially from those
currently expected. For additional information about eLinear please
visit www.elinear.com or www.sec.gov. eLinear undertakes no
obligation to update any forward-looking statement that may be made
from time to time by or on behalf of the company, whether as a
result of new information, future events or otherwise.
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