SR Telecom issues Announcement Pursuant to NASDAQ Marketplace Rule 4350(b)
17 5월 2005 - 6:31AM
PR Newswire (US)
SR Telecom issues Announcement Pursuant to NASDAQ Marketplace Rule
4350(b) MONTREAL, May 16 /PRNewswire-FirstCall/ -- SR Telecom Inc.
(TSX: SRX; NASDAQ: SRXA) announced today that its financial
statements for the year ended December 31, 2004 contained in its
annual report filed on Form 20-F for the year ended December 31,
2004 as filed with the Securities Exchange Commission included an
audit report containing going concern qualifications from its
independent registered chartered accountants. This announcement is
being made in compliance with NASDAQ Marketplace Rule 4350(b),
which requires separate disclosure of receipt of an audit opinion
that contains a going concern qualification. This announcement does
not represent any change or amendment to the Corporation's 2004
financial statements, or its annual report on Form 20-F. The
reasons for the going concern qualifications are set forth in the
Corporation's annual report on Form 20-F for the year ended
December 31, 2004 under the caption "Item 5. Operating and
Financial Review and Prospects". About SR Telecom SR TELECOM (TSX:
SRX, NASDAQ: SRXA) designs, manufactures and deploys versatile,
Broadband Fixed Wireless Access solutions. For over two decades,
carriers have used SR Telecom's products to provide field-proven
data and carrier-class voice services to end-users in both urban
and remote areas around the globe. SR Telecom's products have
helped to connect millions of people throughout the world. A
pioneer in the industry, SR Telecom works closely with carriers to
ensure that its broadband wireless access solutions directly
respond to evolving customer needs. Its turnkey solutions include
equipment, network planning, project management, installation and
maintenance. SR Telecom is a principal member of WiMAX Forum, a
cooperative industry initiative which promotes the deployment of
broadband wireless access networks by using a global standard and
certifying interoperability of products and technologies.
FORWARD-LOOKING STATEMENTS Except for historical information
provided herein, this press release may contain information and
statements of a forward-looking nature concerning the future
performance of the Company. These statements are based on
suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Company's products
and services, the impact of price pressures exerted by competitors,
and general market trends or economic changes. As a result, readers
are advised that actual results may differ from expected results.
SR TELECOM, SR500, ANGEL, AIRSTAR, SWING and SYMMETRY are
trademarks of SR Telecom Inc. All rights reserved 2005. All other
trademarks are property of their owners. DATASOURCE: SR TELECOM
INC. CONTACT: David Adams (Senior Vice-President, Finance and CFO),
(514) 335-4035; Scott Lawrence (Maison Brison), (514) 731-0000, ,
http://www.srtelecom.com/
Copyright