INTAC Receives Nasdaq Notification of Continued Listing
13 7월 2005 - 11:00PM
PR Newswire (US)
INTAC Receives Nasdaq Notification of Continued Listing HONG KONG,
July 13 /PRNewswire-FirstCall/ -- On July 12, 2005, INTAC
International, Inc. (Nasdaq: INTNE; FSE: WKN 805768) (the
"Company") received notification from the Listing Qualifications
Department of The Nasdaq Stock Market that the previously announced
filing delinquency related to the Company's 2004 Form 10-K is
considered moot. As a result, the Company's common stock will
remain listed for trading on Nasdaq and the "E" appended to the
Company's trading symbol will be removed as of the open of business
on July 14, 2005. As previously announced, on May 6, 2005, the
Company received notification from the Listing Qualifications
Department of The Nasdaq Stock Market that the Company's 2004 Form
10-K did not comply with Nasdaq Marketplace Rule 4310(c)(14)
because it failed to include management's report on internal
control over financial reporting and the related report of the
Company's independent public accounting firm on management's
assessment of the effectiveness of internal control over financial
reporting (the "Attestations"). On July 11, 2005, Nasdaq, after
consultation with the Staff of the Securities and Exchange
Commission ("SEC"), announced that it has determined that during
2005, management's failure to complete its assessment of internal
control over financial reporting or an auditor's opinion that is
disclaimed based on a lack of time to complete internal control
work will not result in delisting of a company, provided such
company is taking all steps required by the Staff of the SEC to
address these issues. To remedy the filing delinquency of the
Company's 2004 Form 10-K, the Company has committed to Nasdaq and
the SEC to change its fiscal year end to September 30, from
December 31, and to complete the work required to give the
Attestations by September 30, 2005 such that the Attestations will
be included in the Form 10-K to be filed for the period ending on
that date. About INTAC International, Inc. INTAC International,
Inc. is a provider of a full range of integrated educational and
career development services as well as management software products
for educational institutions in China. In a strong cooperation
(partnership) with China's Ministry of Education, INTAC tailors its
online and offline services and products towards a target group of
300 million Chinese students. The services are delivered through
INTAC's websites, http://www.phrbank.com/ and
http://www.joyba.com/, as well as through a range of mobile
value-added services, its print formats and its local Career
Service Centers across China. Forward-Looking Statements This press
release contains certain "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements expressed or implied by such
forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to
such differences include, among other things, any change in the
Company's assessment of the time period to achieve compliance with
Section 404 of Sarbanes-Oxley and the identification of any other
deficiencies in the Company's compliance with the Nasdaq rules. We
disclaim any intention or obligation to revise any forward-looking
statements whether as a result of new information, future events or
otherwise. INTAC undertakes no obligation to update any
forward-looking statements made in this media release. Contact: J.
David Darnell, Senior Vice President and Chief Financial Officer,
469-916-9891, for further information. Internet:
http://www.intac-international.com/ http://www.PHRBank.com
http://www.Joyba.com DATASOURCE: INTAC International, Inc. CONTACT:
J. David Darnell, Senior Vice President and Chief Financial Officer
for INTAC International, Inc., +1-469-916-9891 Web site:
http://www.intac-international.com/
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