MarkWest Hydrocarbon Announces Progress on Plan of Action
18 October 2005 - 12:04PM
PR Newswire (US)
DENVER, Oct. 17 /PRNewswire-FirstCall/ -- MarkWest Hydrocarbon,
Inc. (AMEX:MWP) (the "Company"), today provided a progress report
on the Company's previously announced Plan of Action to bring it
back into compliance with the American Stock Exchange's (the
"Exchange") listing requirements by October 15, 2005. 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
certain Form 10-Ks and Form 10-Qs (the "SEC Filings") with the
Securities Exchange Commission ("SEC"). The Plan of Action
establishes a schedule for the Company to complete and file its
Annual Report on Form 10-K for year ended December 31, 2004, and
its restated financial statements, Forms 10-Q/A for the first three
quarters of 2004, and its Quarterly Reports on Form 10-Q for the
first and second quarters of 2005. The Company is in the final
stages of preparation for the Form 10-K and the Forms 10-Q/A and
anticipates filing those reports by October 21, 2005. The Company
is planning a conference call next week to discuss the 2004 fourth
quarter results. The Company continues to work to complete the
Forms 10-Q for the first, second and third quarter of 2005. The
timing has been impacted by the Company changing its independent
auditor, reported in a Form 8-K filing dated September 23, 2005.
The Company will file these reports on a sequential basis as soon
as each Form 10-Q has been completed. MarkWest Hydrocarbon, Inc.
(AMEX:MWP) controls and operates MarkWest Energy Partners, L.P.
(AMEX:MWE), a publicly-traded limited partnership engaged in the
gathering, processing and transmission of natural gas; the
transportation, fractionation and storage of natural gas liquids;
and the gathering and transportation of crude oil. We also market
natural gas and NGLs. This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical facts included or incorporated herein may constitute
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks
and uncertainties that affect our operations, financial performance
and other factors as discussed in our filings with the Securities
and Exchange Commission ("SEC"). Among the factors that could cause
results to differ materially are those risks discussed in our Form
10-K for the year ended December 31, 2003, and our Forms 10-Q for
2004, as filed with the SEC. DATASOURCE: MarkWest Hydrocarbon, Inc.
CONTACT: Frank Semple, President & CEO, or Jim Ivey, CFO, or
Andy Schroeder, VP and Treasurer, all of MarkWest Hydrocarbon,
Inc., +1-303-290-8700, Web site: http://www.markwest.com/
Copyright
Markwest Hydrocarbon (AMEX:MWP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Markwest Hydrocarbon (AMEX:MWP)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Markwest Hydrocarbon, (American Stock Exchange): 0 recent articles
More Markwest Hydrocarbon, News Articles