Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

OCZ Technology Group Inc. : OCZ Technology Receives Extension to Regain Compliance With NASDAQ Listing Requirements

12/20/2012 | 09:07am US/Eastern

SAN JOSE, CA -- (MARKETWIRE) -- 12/20/12 -- OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that the Nasdaq Stock Market ("Nasdaq") has accepted the Company's plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") which will permit the continued listing of the Company's stock on the Nasdaq Capital Markets.

On December 17, 2012, the Company submitted to Nasdaq a plan to regain compliance with the Rule. After reviewing the Company's plan to regain compliance, Nasdaq granted an exception to enable the Company to regain compliance with the Rule. Under the terms of the exception, on or before February 28, 2013, the Company must file its 10-Q for the period ended August 31, 2012 and all other delinquent periodic reports, as required by the Rule.

About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the Company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. For more information, please visit: www.ocztechnology.com.

Forward Looking Statements
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, the risk that additional information may arise from the oversight of the Audit Committee; the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; the risk that OCZ may not be able to successfully negotiate an amendment to its credit facility; market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on Form 10-K filed with the SEC on May 14, 2012, and statements made in other subsequent filings. The filing is available both at www.sec.gov as well as via OCZ's website at www.ocztechnology.com. OCZ does not undertake to update its forward-looking statements.

All trademarks or brand names referred to herein are the property of their respective owners.

Investor Contact:
Bonnie Mott
Senior Manager of Investor Relations
(408) 440-3428

Press Contact:
Scott Harlin
Director of Marketing Communications - Enterprise
(408) 733-8400

distributed by
React to this article
Latest news
Date Title
12:02p SKANSKA : to build the new Alderwood Middle School in Lynnwood, USA, worth USD 39 M, about SEK 330 M
12:02p RESEARCH AND MARKETS : Packaging Market in MENA 2015-2019 - Growing Consumer Preference for Flexible Plastic Packaging
12:02p Fitch Upgrades Two Classes of CSFB 2003-C3
12:01p HEAT BIOLOGICS : Completes Patient Enrollment for Randomized Arms of Its Phase 2 HS-410 Bladder Cancer Trial
12:01p Cantargia strengthens management with a Vice President Cancer Research
12:01p Nymox Announces Prostate Cancer Clinical Trial Will Complete Prospective 18 Month Post-Treatment Assessments
12:01p SANUWAVE HEALTH : Releases dermaPACE Clinical Trial Top Line Data and Preliminary Data Analysis Results
12:01p BANCO BILBAO VIZCAYA ARGENTARIA : Francisco González receives the Sorolla Medal from the Hispanic Society of America
12:01p SPARTA : DGAP-News: Your Drinks AG: Jahresabschluss 2014
12:01p PEARSON : Lets Talk Computers: Walter Fiorentini from Apricorn and Michael Miller from Que Publishing to be interviewed on Let's Talk Computers ®, airing on 10/10/2015
Latest news
Hot News 
6D GLOBAL TECHNOLOGIES : SIXD Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of 6D Global Technologies, Inc.
ADGORITHMS : Annual Earnings To Miss Expectations On Market Disruption
UTi Announces Agreement to be Acquired by DSV in Transaction Valued at $1.35 Billion
DEINOVE : Dennis McGrew Joins DEINOVE Executive Committee as Chief Business Officer
Sungy Mobile Announces Extraordinary General Meeting of Shareholders
Most Read News
01:39a Amal is a real jewel
12:45a MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA : Government Decreases Oil Fuel, Gas and Electricity Prices through 3rd Economic Policy Package
10/08 DAIRY AUSTRALIA : New RD&E model to drive Victorian dairy farm profitability
12:01a To Defend Payments Businesses, Banks Must Focus on Customer Pain Points
Most recommended articles
12:01pDJMalaysia Central Bank Sought Criminal Proceeding Against 1MDB -- Update
11:58a Commodity rebound lifts world equities
11:57a China concerns leave central banks in difficult spot
11:55aDJBank of Canada Survey Suggests Business Sentiment Remains Tepid
11:43aDJGLENCORE : Copper, Zinc Rally on Glencore Supply Worries