THE SCO GROUP, INC. RECEIVES NOTICE FROM
NASDAQ REGARDING ITS DELINQUENT FIRST QUARTER FORM 10-Q
LINDON, Utah–March 22, 2005– The Company participated in a
previously announced hearing with the Nasdaq Listing Qualifications
Panel on March 17, 2005 regarding its possible delisting for its
failure to file its Form 10-K for the fiscal year ended October 31,
2004 in a timely fashion as required under Marketplace
Rule 4310(c)(14). The Company outlined for the Panel its plan for
filing its delinquent Form 10-K. The Company also discussed its plan
for filing the delinquent first quarter Form 10-Q with the Panel
during the hearing. On March 18, 2005, the Company received a notice
from the staff of The Nasdaq Stock Market regarding the Company’s
failure to comply with Nasdaq’s requirement to file its Form 10-Q for
the quarterly period ended January 31, 2005 in a timely fashion, as
required under Marketplace Rule 4310(c)(14).
Pursuant to the notice, which did not result in the immediate
delisting of the Company’s Common Stock, the Company was informed that
the Panel will consider the filing delinquency of the Company’s first
quarter Form 10-Q in addition to the filing delinquency of the
Company’s Form 10-K in rendering its decision. While the Company is
awaiting the decision of the Panel, it will continue to be listed on
The Nasdaq SmallCap Market under the symbol ‘SCOXE’ pending the
issuance of the Panel’s decision. The Company will issue a press
release regarding the decision of the Panel after it receives notice of
such decision.
Steven W. Buehler | steven@sanctuaryweb.org/swbuehler@yahoo.com
Web Page: http://www.sanctuaryweb.org | http://renaitre.iuma.com
Instant Messengers: stevenbuehlerfl (AIM) | swbuehler (Yahoo!/.Mac
iChat/Skype) | stevenwbuehler@msn.com (MSN Msgr.)
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