Update on Nasdaq Listing:
As previously reported, Nasdaq notified the Company that a condition to the continued listing of the Company's common stock on Nasdaq was a requirement to file with the Securities and Exchange Commission by March 31, 2007 the Company's delinquent Form 10-Qs for the quarters ended September 30, 2006 and December 31, 2006.
The Company has filed its Form 10-Q for the quarter ended September 30, 2006 but will not file its Form 10-Q for the quarter ended December 31, 2006 by the March 31 deadline. The Company has made a request to Nasdaq for a brief extension until April 16, 2007 to file that Form 10-Q, but can provide no assurance that Nasdaq will grant that request or otherwise continue to list the common stock.
If the common stock is delisted by Nasdaq, the Company believes its common stock would at some point trade in the Pink Sheets, and, after becoming current in its SEC filings, the OTC Bulletin Board, Nasdaq or an exchange. The Company expects to be able to provide an update on the status of its Nasdaq listing next week.
marketing@alchempro.com
