Superior Offshore International Announces Receipt of Delisting Notice From NASDAQ
24 April 2008 - 12:08AM
PR Newswire (US)
HOUSTON, April 23 /PRNewswire-FirstCall/ -- Superior Offshore
International, Inc. (NASDAQ:DEEP) (the "Company") today announced
that it received a delisting notice from the Nasdaq's Listing
Qualifications Department citing the Company's failure to timely
file its Annual Report on Form 10-K for the year ended December 31,
2007 (the "Form 10-K") in accordance with the filing requirements
for continued listing set forth in Marketplace Rule 4310(c)(14).
The notice indicates that the Company's common stock is subject to
delisting from The Nasdaq Stock Market at the opening of business
on April 28, 2008, unless the Company requests a hearing in
accordance with the Nasdaq Marketplace Rules. The Company does not
intend to request such a hearing. The Company previously announced
its failure to timely file its Form 10-K on April 1, 2008. About
Superior Offshore International, Inc. Superior Offshore is a
leading provider of subsea construction and commercial diving
services to the offshore oil and gas industry, serving operators
internationally and domestically in the outer continental shelf of
the U.S. Gulf of Mexico. Construction services include
installation, upgrading and decommissioning of pipelines and
production infrastructure. Commercial diving services include
inspection, maintenance and repair services and support services
for subsea construction and salvage operations. The company also
operates a construction/fabrication division. Superior Offshore
operates a fleet of seven service vessels and provides remotely
operated vehicles (ROVs) and saturation diving systems for
deepwater and harsh environment operations. Forward-Looking
Statements Certain statements contained in this news release are
forward-looking statements. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. Forward-looking statements by their nature involve
substantial risks and uncertainties that could significantly affect
expected results, and actual future results could differ materially
from those described in such statements. Although it is not
possible to identify all factors, Superior Offshore continues to
face many risks and uncertainties. Some of the factors that could
cause actual future results to differ materially are described
under the caption "Risk Factors" in Superior Offshore's Prospectus,
dated April 19, 2007 and filed with the Securities and Exchange
Commission ("SEC") on April 20, 2007, and Superior Offshore's other
filings with the SEC, which may be obtained by visiting the
Investor Relations section of Superior Offshore's website under
"Financial Information" at http://www.superioroffshore.com/ or from
the SEC's website at http://www.sec.gov/. DATASOURCE: Superior
Offshore International, Inc. CONTACT: Superior Offshore
International, Inc., +1-713-910-1875 Web site:
http://www.superioroffshore.com/
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