Grill Concepts Files Extension for First Quarter Form 10-Q due to Delay in Filing of 2004 Form 10-K
12 5월 2005 - 9:20PM
PR Newswire (US)
Grill Concepts Files Extension for First Quarter Form 10-Q due to
Delay in Filing of 2004 Form 10-K LOS ANGELES, May 12
/PRNewswire-FirstCall/ -- Grill Concepts, Inc. (NASDAQ:GRILE) today
said it has filed an extension on Form 12b-25 pertaining to the
filing of its Form 10-Q for the first quarter ended March 27, 2005.
As previously announced, the company is adjusting its method of
accounting for operating leases to comply with recent guidance
issued by the Office of Chief Accountant of the Securities and
Exchange Commission. The company is working diligently to complete
and file its 2004 Form 10-K, along with the restatement of its
financial statements for prior fiscal years, to reflect the revised
accounting treatment. Until the 2004 Form 10-K is finalized, the
company is unable to prepare and file its Form 10-Q for the fiscal
quarter ended March 27, 2005. About Grill Concepts, Inc. Grill
Concepts owns and manages upscale casual and fine dining, full
service restaurants under two core brand names: The Grill on the
Alley and Daily Grill. The company operates 24 restaurants,
including four The Grill on the Alley-branded restaurants in
Beverly Hills, Hollywood, San Jose, California, and Chicago, as
well as 20 Daily Grill restaurants in Southern and Northern
California, the Washington, D.C. metropolitan region, Houston,
Texas, Portland, Oregon and Skokie, Illinois. This news release
contains forward-looking statements, which are subject to
completion of the company's review of its accounting practices with
respect to leasing transactions. Actual results may differ
materially from these statements due to risks and uncertainties
beyond the company's control, which are detailed from time to time
in the company's filings with the United States Securities and
Exchange Commission. DATASOURCE: Grill Concepts, Inc. CONTACT:
Philip Gay, Chief Financial Officer of Grill Concepts, Inc.,
+1-310-820-5559; or Roger Pondel, or Angie Yang, both of
PondelWilkinson Inc., +1-310-279-5980, , both for Grill Concepts,
Inc.
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