Mercury Air Group, Inc. Announces Delay in Filing of Form 10-Q
24 May 2005 - 9:00PM
PR Newswire (US)
Mercury Air Group, Inc. Announces Delay in Filing of Form 10-Q LOS
ANGELES, May 24 /PRNewswire-FirstCall/ -- Mercury Air Group, Inc.
(AMEX:MAX) announced today that it would require additional time to
file its Quarterly Report on Form 10-Q for the third fiscal quarter
ended March 31, 2005. In connection with a review of its third
fiscal quarter financial statements, the Company is conducting a
review of the accounting of its Long Beach FBO operations, delaying
the closing of the books and records of the Company. It is not
anticipated that the review will have a material impact on the
Company's financial position. Mercury previously received an
automatic 5-day extension for the filing of its Form 10-Q for the
third fiscal quarter of 2005 pursuant to Rule 12b-25. As a result
of the expiration of the 5-day extension, the Company will request
from the American Stock Exchange a further extension for compliance
under Section 1101 of the AMEX Company Guide. About Mercury Air
Group Los Angeles-based Mercury Air Group (AMEX:MAX) provides
aviation petroleum products, air cargo services and transportation,
and support services for international and domestic commercial
airlines, general and government aircraft and specialized contract
services for the United States government. Mercury Air Group
operates three business segments worldwide: MercFuel, Inc., Maytag
Aircraft Corporation and Mercury Air Cargo, Inc. For more
information, please visit http://www.mercuryairgroup.com/. Certain
statements contained in this news release which are not historical
facts are forward-looking statements as that item is defined in the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from estimated
results. Such risks and uncertainties are detailed in the Company's
filings with the Securities and Exchange Commission. The Company
intends these forward-looking statements to speak only as of the
time of the news release and does not undertake to update or revise
them, as more information becomes available. Contact: Kent
Rosenthal (310) 827-2737 DATASOURCE: Mercury Air Group CONTACT:
Kent Rosenthal of Mercury Air Group, +1-310-827-2737 Web site:
http://www.mercuryairgroup.com/
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