SOURCECORP, Incorporated to Request Hearing Regarding Delisting Notification From Nasdaq

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
SOURCECORP, Incorporated to Request Hearing Regarding Delisting Notification From Nasdaq
    DALLAS, Nov. 18 /PRNewswire-FirstCall/ -- SOURCECORP, Incorporated
(Nasdaq: SRCP) today announced that as the Company disclosed previously in a
Current Report on Form 8-K filed with the Securities and Exchange Commission
on November 16, 2004, the Company had not been able to file on a timely basis
with the SEC its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2004 because of the Company's ongoing internal investigation.
On November 16, 2004, the Company received a Nasdaq Staff Determination letter
indicating that the Company had failed to timely file its quarterly report on
Form 10-Q for the quarter ended September 30, 2004, as required by Nasdaq
Marketplace Rule 4310(c)(14), and that the Company's common stock is therefore
subject to delisting from The Nasdaq Stock Market.  The Company will request a
hearing with a Nasdaq Listing Qualifications Panel on this matter.  A timely
request by the Company for a hearing will stay the delisting pending the
hearing and a determination by the Panel.  There can be no assurance that the
Panel will grant the Company's request for continued listing.  Pending a final
determination by the Panel to delist the Company's common stock, or the
earlier filing by the Company of its Form 10-Q for the third quarter and any
other public reports that are then due, and so long as the Company continues
to meet the other listing requirements of The Nasdaq Stock Market, the
Company's common stock will continue to be listed for trading on The Nasdaq
Stock Market, but the Company's stock ticker symbol will become "SRCPE"
starting at the opening of business on Thursday, November 18, 2004, reflecting
The Nasdaq Stock Market convention for companies making delayed public
filings.

    About SOURCECORP(R)
    SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S.  SOURCECORP focuses on business processes in information-intensive
industries including healthcare, legal, financial services, government and
transportation & logistics.  Headquartered in Dallas, the Company serves
clients throughout the United States through a network of locations in the
U.S., Mexico and India.  SOURCECORP is a component of both the S&P SmallCap
600 Index and the Russell 2000 Index.
    For more information about SOURCECORP's solutions visit the SOURCECORP
website at http://www.srcp.com .
    The statements in this press release that are not historical fact are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements.  These forward-looking statements include, but are not limited to,
the statements relating to the anticipated impact of adjustments to our
restated financial statements and our ongoing investigation, any financial
estimates, projections, and estimates of future contract values included in
this press release.
    The aforementioned risks and uncertainties include, without limitation,
the uncertainty of completing our investigation in a timely manner and the
actual costs and results of such investigation, the effect of our
investigation and financial statement restatement on the trading price of our
stock, the risks of integrating our operating companies, of the timing and
magnitude of technological advances, of the occurrences of a diminution in our
existing customers' needs for our services, of a change in the amount
companies outsource business processes, of the impact to margins resulting
from a change in revenue mix as well as the risks detailed in SOURCECORP's
filings with the Securities and Exchange Commission, including without
limitation, those detailed under the heading "Risk Factors" in the Company's
most recent annual report on Form 10-K.  SOURCECORP disclaims any intention or
obligation to revise any forward-looking statements, including financial
estimates, whether as a result of new information, future events, or
otherwise, except as required by law.
SOURCE SOURCECORP
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Barry Edwards, EVP & Chief Financial Officer
of SOURCECORP, +1-214-740-6690