Commerce Energy to File Form 12b-25 to Extend Filing Date of Fiscal 2008 Form 10-K
30 October 2008 - 7:30AM
Business Wire
Commerce Energy Group, Inc. (AMEX:EGR) today said that it intends
to file a Form 12b-25 with the United States Securities and
Exchange Commission (SEC), which will extend the due date for
filing the company�s Form 10-K for the fiscal year ended July 31,
2008 to November 13, 2008. Commerce Energy plans to file its Form
10-K on or before November 13, 2008. The company said it expects to
issue a news release and host a conference call related to its
financial results for the quarter and year ended July 31, 2008 on
November 11, 2008. About Commerce Energy Group Commerce Energy
Group is a leading independent U.S. electricity and natural gas
marketing company. Its principal operating subsidiary, Commerce
Energy, Inc., is licensed by the Federal Energy Regulatory
Commission and by state regulatory agencies as an unregulated
retail marketer of natural gas and electricity and serves
homeowners, commercial and industrial consumers and institutional
customers. For more information, visit www.CommerceEnergy.com.
Forward-Looking Statements Except for historical information
contained in this release, statements in this release may
constitute forward-looking statements regarding the company�s
assumptions, projections, expectations, targets, intentions or
beliefs about future events. Words or phrases such as
�anticipates,� �believes,� �estimates,� �expects,� �intends,�
�plans,� �predicts,� �projects,� �targets,� �will likely result,�
�will continue,� �may,� �could� or similar expressions identify
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties which could cause actual results or outcomes to
differ materially from those expressed. Commerce Energy Group, Inc.
cautions that while such statements in this news release, whether
express or implied, are made in good faith and the company believes
such statements are based on reasonable assumptions, including
without limitation, management�s examination of historical
operating trends, data contained in records, and other data
available from third parties, the company cannot assure that its
projections will be achieved. In addition to other factors and
matters discussed from time to time in our filings with the U.S.
Securities and Exchange Commission (SEC), some important factors
that could cause actual results or outcomes for Commerce Energy
Group, Inc. or its subsidiaries to differ materially from those
discussed in forward-looking statements include: the ability to
secure a longer term credit facility by year-end, the success and
effectiveness of the company�s new management plans and strategies;
higher than anticipated attrition of company personnel, the
volatility of the energy markets; higher than expected attrition
of, and/or unforeseen operating difficulties relating to, customer
accounts, competition, operating hazards, uninsured risks, failure
of performance by suppliers and transmitters, changes in general
economic conditions, seasonal weather or force majeure events that
adversely affect electricity or natural gas supply or
infrastructure, decisions by our energy suppliers requiring us to
post additional collateral for our energy purchases, uncertainties
in the capital markets should the company seek to raise additional
equity or debt; uncertainties relating to federal and state
proceedings regarding the 2000-2001 California energy crisis;
accounts receivable collection issues caused by unfavorable changes
in regulations or economic trends, increased or unexpected
competition, adverse state or federal legislation or regulation, or
adverse determinations by regulators, including failure to obtain
regulatory approvals. Any forward-looking statement speaks only as
of the date on which such statement is made, and, except as
required by law, the company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to
time, and it is not possible for management to predict all such
factors.
Commerce Energy (AMEX:EGR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Commerce Energy (AMEX:EGR)
Historical Stock Chart
From Dec 2023 to Dec 2024