Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/20/2012 | 03:07pm CET

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
bmott@ocztechnology.com

Press Contact:
Scott Harlin
Director of Marketing Communications - Enterprise
(408) 733-8400
sharlin@ocztechnology.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
11:47a MCOT PUBLIC : 3 NBTC commissioners oppose payment to MCOT
11:47a SEARS : Self-made businessman looks back on 75 years of shoe repair
11:47a ORANGE : Digital Ventures invests in FAMOCO, a leader in Android-based transaction devices
11:47a CENTRAL BANK OF INDIA : Shri p ramana murthy takes over as executive director of central bank of india
11:47a DEUTSCHE BOERSE : Börse participates in “Digital Growth Fund I”
11:47a BURSA DE VALORI BUCURESTI : 2/20/2017 - BVB receives over 100 nominations in the Made in Romania project and extends nominations until February 22ND
11:46a SQN Asset Finance Income Prepares To Invest 2016 C Share Proceeds
11:46a EPWIN : Firm's gift of locks plays 'key' role in helping firefighters train for action
11:46a GREATLAND GOLD : Prepares To Drill Two Nickel Sulphide Targets At Bromus
11:46a PTT EXPLORATION AND PRODUCTION PCL : PTTEP progresses with innovative R&D
Latest news
Advertisement
Hot News 
-24.38%Interserve shares slump on higher energy-from-waste exit cost
-12.78%WORLEYPARSONS : CEO Eyes US Oil Sector Turnaround -- Update
1.96%BANK OF COMMUNICATIONS : China Regulator Has No Objection to Planned Spinoff of Bocom International
-6.55%Unilever PLC Statement re Possible Offer
-6.93%GEMFIELDS : says India's demonetisation drive to hurt full year results
Most Read News
04:06a Snap bets on hardware as Facebook threat looms
02/19 Kraft walks away from 'friendly' bid for Unilever
02:16aDJKraft Heinz Company (The) Offer Update
05:31a Kraft in swift reversal on Unilever bid, hitting shares
01:59a TOP NEWS : RBS Considers GBP750 Million Alternative To W&G Sale
Most recommended articles
05:45aDJAsian Rubber Futures Finish Weaker
05:32aDJWILMAR INTERNATIONAL : 4th-Quarter Net Profit $560.8 Million, Up 70% on Year
05:31a Kraft in swift reversal on Unilever bid, hitting shares
05:28aDJLONDON MARKETS : FTSE 100 In Holding Pattern As Unilever's Drop Offsets Jump For RBS
05:16a GENERAL MOTORS : UK union chief likely to meet Peugeot CEO on Friday over GM deal