Grill Concepts Receives Nasdaq Notification
28 8월 2004 - 6:55AM
PR Newswire (US)
Grill Concepts Receives Nasdaq Notification LOS ANGELES, Aug. 27
/PRNewswire-FirstCall/ -- Grill Concepts, Inc. (NASDAQ:GRILE) today
announced that because it has not yet filed its Form 10Q for the
quarter ended June 27, 2004, Nasdaq has informed the company that
it is not in compliance with Marketplace Rule 4310(c)(14), which
requires listed companies to provide Nasdaq with copies of all
reports required to be filed with the Securities and Exchange
Commission (SEC). According to Nasdaq, Grill Concepts' common stock
will be delisted from The Nasdaq Stock Market at the opening of
business August 31, 2004, unless the company files the delinquent
Form 10Q by August 27, 2004 or the company requests a hearing in
accordance with Marketplace Rule 4800 Series. Grill Concepts has
requested a hearing to stay the delisting. As noted in Grill
Concepts' news release and Form 12b-25 filing with the SEC on
August 12, 2004, the company required additional time to review the
consolidation principles applied to certain affiliates and expected
that the manner of accounting for its interest in the Chicago-The
Grill on the Alley will change to effectively treat the entity as a
wholly-owned entity, resulting in the elimination of the previously
recorded minority interest in the restaurant and a restatement of
its 2003 and earlier results. Grill Concepts said that the
preparation of the restated financial statements and necessary
review by its auditors is ongoing and that it expects to complete
this process as quickly as possible and will file its quarterly
report promptly upon its completion. As a result of the company's
filing delinquency, pending the filing of the delinquent report, an
"E" has been appended at the end of the company's trading symbol
and the company's securities are trading under the symbol "GRILE."
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 23 restaurants including four The Grill on the
Alley-branded restaurants in Beverly Hills, Hollywood, San Jose,
California, and Chicago, as well as 19 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 based
on current operations, plans and expectations. Such statements
include, but are not limited to, the timing of the company's filing
of its Form 10Q for the period ended June 27, 2004, the outcome of
the company's Marketplace Rule 4800 Series hearing before Nasdaq
and other factors. 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 of PondelWilkinson Inc.,
+1-310-279-5980, , for Grill Concepts, Inc.
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