May 26, 2006 : Newtek De-listed From Nasdaq

📅 May 26, 2006 - Business services and Web hosting provider Newtek Business Services (newtekbusinessservices.com) was de-listed last week from the Nasdaq Stock Market.

The company was notified last Wednesday by the Nasdaq Listing Qualifications Department that, due to not filing its Quarterly Report on Form 10-Q for the period ended March 31, that it was not in compliance with its requirements under the marketplace's rules.

Nasdaq Marketplace Rule 4310(c) (14) requires that issuers are current in their public filings. Newtek says it had voluntarily filed with the Nasdaq Stock Market a notice indicating that it would not file this report in a timely manner, partly because of its recent staffing shortages and having replaced its auditors with the firm of J.H. Cohn on May 16. It anticipates filing this report on or before July 14 after the new auditors have done the necessary work to clear the financial reports in the filing.

Newtek has previously filed for an appeal of the Staff determination before a Nasdaq Listing Qualifications Panel, and the hearing has been set for June 1, 2006 in Washington, DC. While there is no assurance the Panel will grant Newtek's request for continued listing, there are no other deficiencies that would prevent Newtek's securities from continued listing on the Nasdaq Stock Market.

Reads: 1901 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/052606_Newtek_De_listed_From_Nasdaq.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 May 25, 2006 - LogMeIn Employs Equinix Data Center - Data center operator Equinix (equinix.com) announced on Wednesday that remote access provider LogMeIn (logmein.com) has employed an Equinix facility in setting up its third data center to increase capacity and redundancy. The new LogMeIn site will be located within the Equinix Silicon Valley Internet Business Exchange center. This new California deployment joins LogMeIn's other facilities in Massachusetts and in New York. As part of the agreement, Equinix will provide the infrastructure for a fully redundant network deployment, replicating LogMeIn's east coast data center infrastructure. "Equinix provides LogMeIn with a state of the art data center and network exchange services inf

📅 May 25, 2006 - Verio Launches Hosted Podcast Tool - Web hosting provider Verio (verio.com ) announced on Thursday it has released a hosted podcast tool with the aim of helping small businesses more easily provide and manage unique content and updates for their customers. Podcast episodes, which include audio or video files, can enable businesses to market original content to audiences who otherwise may not be able or inclined to visit their Web sites regularly. Verio says its podcast file manager tool, offers business users a standard way to enable podcasts for their customers without developing a customized solution. Customers with limited technical knowledge of RSS Feeds or RSS Tags can easily configure, upload, access and

📅 May 25, 2006 - DomainRightNow Offers Email Tool - Domain registrar and Web hosting provider DomainRightNow (domainrightnow.com) announced on Thursday that it has released Web-Based Email 4.0, combining the advantages of a desktop email program with the convenience of a Web-based platform. "Web based applications are becoming more powerful than ever," says Karl Heinrich, president of DomainRightNow. "We have taken a very popular product and made it even better. Our customers expect constant innovation, and that's what we deliver."DomainRightNow's Web-Based email accounts are full fraud, spam and virus protected, POP3-configured and advertising-free. Each account offers domain name personalization for a unique emai

📅 May 30, 2006 - DotWorlds Offers Free Addresses - Unique domain name provider dotWORLDS (dotworlds.net) announced this week that it is providing its service for registering unique and otherwise-unavailable domain names for free. The company is also providing free email and Web hosting for domains registered through its system. DotWORLDS operates a private network that it calls "a new dimension" being added to the Internet. The company operates a registry of virtual domain names unaffiliated with ICANN and its accredited registries. Through the service, users can register domain names like www.pop.star."This is a very exciting development," says Brett Retkin, director of dotWORLDS. "We offer choice in what was an

📅 May 30, 2006 - Active 24 Signs Tech Data Deal - Web hosting provider Active 24 (active24.com) announced on Tuesday that it had signed an agreement with technology provider Tech Data Sweden (techdata.com) to expand its sales channels. Tech Data Corporation, says Active 24, is a leading distributor of IT products, with more than 90,000 customers in more than 100 countries. The company enables technology solution providers to sell to a range of end users that includes small to medium-sized businesses and large enterprises.Tech Data partners with ASPs, ISPs, Web integrators, VARs, corporate resellers and systems integrators. Its office in Sweden is a supplier to all of the Nordic countries.The agreement w

📅 May 30, 2006 - Sedo Launches New Parking Service - Domain marketplace Sedo (sedo.com) announced on Tuesday that it has launched a new domain parking program, SedoPro designed for customers that operate large portfolios of domain names. The company says the package provides parking professionals with a solution that includes analysis tools, greater control over site optimization and page layout as well as a dedicated account service representative. The product, says the company, is designed to help customers maximize the return they see on domain portfolios.Sedo says it enables domain holders to manage their portfolios the way they might manage an investment portfolio, letting them view which domains are performing