Delistet von der NASDAQ wegen der 90-Tage-Regel. Ab letzten Montag Handel eingestellt.
Monday March 26, 10:05 am Eastern Time
Press Release
SOURCE: Xpedior Incorporated
Xpedior Files Form 15 with the SEC and Voluntarily
Delists its Shares From Trading on the Nasdaq
National Market
CHICAGO, March 26 /PRNewswire/ -- Xpedior Incorporated (Nasdaq: XPDR - news)
today announced that it has filed a Form 15 with the Securities and Exchange Commission
suspending for ninety days its obligation to file periodic reports under the Securities
Exchange Act of 1934. Under the rules and regulations of the Securities and Exchange
Commission, Xpedior's obligation to file such periodic reports will terminate upon the
expiration of such ninety-day period.
Xpedior also announced today that, in conjunction with its Form 15 filing with the SEC,
Xpedior has filed a written request to the Nasdaq National Market to voluntarily delist its
shares from trading. The Company stated that such request has been accepted by Nasdaq,
and that Xpedior's voluntary delisting became effective today. Xpedior also stated that, as a
result of its Form 15 filing with the SEC, the Company would not apply for listing on any
other exchange, including the Nasdaq small cap market or OTC market.
On Tuesday, March 20th, Xpedior announced the closing of unprofitable offices in New
York City, San Jose, Denver, and Dallas, and the reduction of its workforce in its
Alexandria, Virginia office, and in its staff functions within its corporate headquarters. The
Company also announced on March 20th that it anticipates that its current cash, cash
equivalents and cash that may be generated from operations should be sufficient to meet its
anticipated operating requirements through June 30, 2001, but that there could be no
assurance in this regard. In order to continue operations in 2001, the Company announced
that it would require an additional, substantial capital infusion, but that it would be difficult
or impossible for the Company to obtain such additional working capital. Accordingly,
Xpedior announced that it would continue to explore strategic alternatives for the sale of all
or part of its remaining operations. Even if Xpedior is successful in one or more of these
efforts, the Company announced that it is likely that the common stock of the Company
would have no value. Xpedior also stated that it is the Company's current intention to
dispose of its assets in an orderly manner, and apply the proceeds to the payment of the
Company's obligations in accordance with applicable law. In the event a bankruptcy proceeding is deemed appropriate to
achieve this objective, the Company announced that it may commence such proceedings.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. In particular, statements regarding the Company's expected performance and
financial results in future periods are based upon management's current expectations and beliefs and are subject to a number
of known and unknown risks and uncertainties that could cause actual results to differ materially from those described in the
preceding forward-looking statements. The following factors known to management, among others, could cause actual results
to differ materially from those described in the preceding forward-looking statements: the Company's ability to identify and
obtain working capital or to enter into transactions for the sale of all or part of its remaining operations; the Company's ability
to effectively negotiate adjustments of its credit arrangements with its creditors; the Company's ability to retain client
engagements and to effectively and timely collect amounts owed to the company under such engagements; and the Company's
ability to retain its remaining personnel. In addition, Xpedior encourages you to review the Company's reports filed with the
SEC which describe a number of additional risks and uncertainties that could cause actual results to differ materially from
those expected in the forward-looking statements made in this press release.
Gruß Dampf  |
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