Cenuco Receives Letter from AMEX Accepting Plan of Action
23 September 2005 - 11:17PM
Business Wire
Cenuco, Inc. (AMEX:ICU) announced that it received a letter from
the American Stock Exchange ("AMEX"), advising that AMEX had
accepted the Company's Plan of Action to bring it back into
compliance with the Exchange's listing requirements. The Company is
currently not in compliance with the continued listing standards of
the Exchange as a result of the Company's failure to timely file
its Quarterly Report on Form 10-Q and financial statements required
by a Current Report on Form 8-K (the "SEC Filings") with the
Securities and Exchange Commission (the "SEC"), but under this
accepted Plan of Action, listing is being continued. The targeted
completion dates are September 30, 2005 for the Form 10-Q and
October 31, 2005 for the Form 8-K. The delay is the result of the
scope of audit work related to a 3 month period from March 1,
2003-May 28, 2003, during which the business to be audited was
owned by a third party, that had never been audited and is
currently being reviewed. Significant additional time and effort
has been required to obtain and analyze this historic information.
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 Wireless 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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