KENT, Wash., Sept. 27 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOWE), the world's leading supplier of
ultrahigh-pressure waterjet products, today announced that on September 22,
2005, the Company received notification from Nasdaq that it was not in
compliance with Nasdaq Rule 4310(c)(14) because the Company had not filed its
10-Q for the quarter ended July 31, 2005 in a timely manner. The Company has
requested a hearing on Nasdaq's intention to delist the Company's common stock
on September 30, 2005 as a result of the delinquency in filing the 10-Q. The
request for the hearing will stay the delisting until a decision is made after
the hearing, however, there can be no assurance that the NASDAQ
Listings Qualifications Panel will grant the Company's request for continued
listing. At this point, the Company does not have a schedule for filing the
10-Q, but it will file it as soon as it is able to do so and will devote all
necessary resources to filing as soon as possible. At this point, the Company
does not expect its shares to be delisted.
As a result of the Company's filing delinquency, the letter "e" has been
added to the Company's trading symbol.
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet technology for cutting, cleaning,
and food safety applications, providing state-of-the-art ultrahigh-pressure
(UHP) technology to industries including automotive, aerospace, job shop,
surface preparation, food and more. For more information, visit
http://www.flowcorp.com.
Contact: John Leness
General Counsel
253-850-3500
SOURCE Flow International Corporation
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Related links:
http://www.flowcorp.com
CONTACT:
John Leness, General Counsel of Flow
International, +1-253-850-3500
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