Cenuco Announces Filing Delays
26 August 2005 - 10:01PM
Business Wire
Cenuco, Inc. (AMEX:ICU) announced today that it has delayed the
filing of financial statements in connection with Item 9.01 of the
Current Report on Form 8-K filed by the Company on May 26, 2005 and
completion of its Quarterly Report on Form 10-Q filed by the
Company on July 18, 2005. The delay is the result of the scope of
audit work related to a 3 month period from March 1,2003-May
28,2003 that is currently being reviewed by the Company's newly
appointed independent public auditors. Significant additional time
and effort has been required to obtain and analyze this historic
information which had never previously been audited. As a result of
the filing delays, the American Stock Exchange ("AMEX") has
notified the Company that the Company is not in compliance with its
listing requirements and has requested a response setting forth the
efforts being made to make the appropriate filings. Brian J.
Geiger, the Chief Financial Officer of the Company, stated that the
Company expects to regain compliance by filing its financials as
soon as the review has been completed. About Lander Lander, the
health and beauty care division of the Company, is a manufacturer,
marketer and distributor of a leading value brand (LANDER) health
and beauty care products. The Company also produces private label
brands for a limited number of top retailers through its Canadian
facility. Lander is a leader in the rapidly growing marketplace for
value health and beauty care (HBC) products - sold in dollar store
and value focused retailers such as Wal-Mart and Kmart.
http://www.lander-hba.com The Lander brand is recognized as the
largest specialty bath brand as reported in 2004 by Information
Resources, Inc. (IRI), a global provider of market content and
business performance management within consumer goods and retail
industries. The company is headquartered in Lawrenceville, New
Jersey. The company operates two manufacturing and distribution
facilities, one in Binghamton, New York and the other in Toronto,
Canada. About Cenuco Cenuco, the wireless technology division of
the Company, develops wireless and internet based software
solutions for transmitting live streaming video, and other targeted
content, directly onto cellular phones and remote computers. The
Company's technology has applications in a variety of markets. The
Company's wireless data technology is primarily focused on wireless
video monitoring solutions that allow users to view real-time
streaming video of security cameras or video content feeds at their
home or place of business from anywhere they receive a cellular
connection, regardless of the cellular carrier, user's location, or
type of cellular phone or wireless device. Visit
http://www.cenuco.com for additional information. Certain
statements contained herein may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, 21E of the Exchange Act of 1934 and/or the Private
Securities Litigation Reform Act of 1995. Such statements include,
without limitation, statements regarding business plans, future
regulatory environment and approval and, the Company's ability to
comply with the rules and policies of independent regulatory
agencies. Although the Company believes the statements contained
herein to be accurate as of the date they were made, it can give no
assurance that such expectations will prove to be correct. The
Company undertakes no obligation to update these forward-looking
statements.
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